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The contents on this page are a small sample of StockTradersHQ's member resources (FREE Trial!)
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Our staff of professional technical traders analyze 1,000's of potential stocks every day to provide you with a list of stock picks with the greatest potential for explosive gains.
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Monday, October 03, 2005
Market Recap
It was another mixed market today with the DOW falling 33 points and the S&P dropping 2 points, while the NASDAQ gained 3 points. There are so many stocks moving up or setting up to move up in this market that we almost have to call it a “stealth” rally. There are stocks moving up but if you look at just the indices, you will be blind to this fact. Many stocks from the bulletin performed very well today including: AMLN, CRZO, DXPE, HGSI, PDLI, PRTL, MNTA and NGAS.
This market is satisfying both the Bulls and the Bears these days. By this we mean, there are both long and short setups that are working very well right now. Weak stocks are getting weaker and strong stocks are getting stronger. There are plenty of strong stocks right now regardless of what you see in the indices. Do not be fooled by the big three indexes, I assure you, there is money to be made on the long side of this market and the Bulletin is stacked full of these strong stocks.
Objective or Science
The art of trading is a science. You maybe have discovered that yourself. However, to be totally scientific by definition cannot work. Why? Because it would mean that you would need to have a 'perfect' system. An indicator, a formula, or a strategy that always works and this simply is not possible. If you are a novice trader, it may take you a while to discover this. A perfect system would be copied by all traders and then if all were using this perfect system it would essentially be rendered useless because there would be nobody on the other side of the trade. In reality, for a strategy to work, it must have human intervention and it must have interpretation. Things that work one month may not work the next month. That is why we try to teach our members an understanding of how the market works and what makes stocks move. This involves understanding people and their emotions. This factor underlies any chart pattern.
Your Success Depends on How You Cope When You Are Wrong
We get the edge by being objective. You can try and predict the direction of the market by letting your emotions decide. Basically this is a random choice by how you feel the market is trading at the current time. Or, you can use a set of spelled out objective criteria, like asking yourself questions about the current supply and demand. Look at all time frames on the charts and see if they agree or is are conflicts. Where is the TICK, where is the TRIN? What is the VIX, put call ratio? These are all things we should look at to get the big picture to better our swing trading performance.
In other words, you should use objective criteria when you evaluate your trading. Your trading will change from time to time to reflect an ever-changing market. This is where the 'art' of trading comes in. There are times where 2 excellent traders can look at the same chart and draw 2 different conclusions. This is acceptable and is necessary to make a market. You will not always be right on each trade, nobody is right every time. Your success depends on how you deal with the times you are wrong. A successful trader knows how to make the pain minimal when they are wrong and how to maximize their gains when they are right
STHQ Chart Index
If you go to the chart index in the left side menu, you can review and study charts that we have annotated for each stock listed in the past.
For New Members
For all of the new members with us, please make sure to read the link “How to use Bulletin” at the bottom of the Bulletin page on the website. It is critical that you know how to use this trading tool before trying to trade the stocks mentioned. The effectiveness of your trades will diminish if you do not completely understand how the information is presented.
Earnings Calendar
We have added the earnings link for each stock on the bulletin. To access the link for earnings, you can either use the link below or click the link on the bulletin for the corresponding ticker. Click the online bulletin in the left side menu for access to the earning calendar for each stock listed. It is not recommended to hold a position through earnings. You can always buy the stock back after the dust settles.
http://www.earnings.com
Stockcharts Listing
Please vote for us once a day at stockcharts.com.
http://stockcharts.com/def/servlet/Favorites.CServ...
Thank you all for voting.
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