Pattern Day Trader rule is a designation from the SEC that is given to traders who make four or more day trades in their account over a five-day period.
Keep this in mind during your paper trading phase (the phase at which you trade in a “virtual” account) as this is where many traders get in trouble. They start with a $100,000 virtual portfolio, place dozens of trades per day, and overvalue their “virtual” success. When it comes ...
Bear Flag Pattern Explained By Steve BurnsThis post is an example of one of the chapters in my new book‘The Ultimate Guide to Chart Patterns‘.Image by Atanas Matov Chart Facts: The bear flag pattern is a continuation pattern of the previous downtrend. A bear flag chart pattern occurs ...
Learning and spottingchart patternsin the stock market is a popular hobby amongst day traders of all skill levels. Patterns are an important aspect of trading and traders love and naturally count on them when placing small and big trades. ...
Illustration on how to compute Parabolic SAR can be found in Wikipedia but it is not very well explained. To get a clear idea of the calculation, my personal recommendation is to take a look at the spreadsheet made by joeu2004. It is worth mentioning that SAR and RSI (which will be ...
Illustration on how to compute Parabolic SAR can be found in Wikipedia but it is not very well explained. To get a clear idea of the calculation, my personal recommendation is to take a look at the spreadsheet made by joeu2004. It is worth mentioning that SAR and RSI (which will be ...
I explained everything to him. He told me the necessary things needed, I provided everything for him and he did it and send me the right winning number to play and when I played it, i won 314.9millions dollar and all I can say is thank you DR JATTO for everything you did for me...
Day traders commonly use smaller periods like the 5-day and 15-day moving averages to trade intra-day Golden Cross breakouts. Some traders might use different periodic increments, like weeks or months, depending on their trading preferences and what they believe works for them. ...
When a bullish candle closes with small orno shadows, it suggests that the bulls have managed to keep the price at the top of the range for the session. Basically, the bulls take over the rally all session and closed near the high of the day for three consecutive sessions. In addition,...
Trading the Hanging Man Pattern The Hanging Man patterns that have above-average volume, long shadows, and are followed by a selling day have the best chance of resulting in the price moving lower. Therefore, it follows that these are ideal patterns to use as a basis for trading. Upon seei...