What Do I Do If I Miss A Signal?

What Do I Do If I Miss A Signal? By Dave McLachlan If you’ve been trading for any amount of time you will have experienced this scenario – I know it was one of the more frustrating things about trading and investing for me before I learnt how to deal with it. You might know [...]

July 30, 2009  Tags: , , ,   Posted in: Articles On Building Wealth  No Comments

Consolidation At Previous Highs

Consolidation At Previous Highs By Dave McLachlan This is a phenomenon that is very useful to know.  While it is simple (like all the techniques I tend to use) it is also powerful and extremely lucrative.  It was also the basis for Nicholas Darvas’ technique in the book “How I Made $2,000,000 In The Stock [...]

July 29, 2009  Tags: , ,   Posted in: Articles On Building Wealth  No Comments

Trade On Confirmation, Not Speculation

Trade On Confirmation, Not Speculation One of my mentors over the years had a phrase – “Always trade on confirmation, not speculation”.  But it wasn’t until recently that I fully understood what it meant. Sure, it means using your trading rules mechanically and trading only when you get a confirmed signal, not using your “gut [...]

July 2, 2009  Tags:   Posted in: Articles On Building Wealth  No Comments

Trading with Continuation Patterns

  Trading with Continuation Patterns  Imagine with me for a moment.  Imagine you have bought a stock.  It goes up for the next few days or weeks, and your bank balance is showing a beautiful profit.  You can’t help telling your friends about it – it’s like getting free money in your account!    But [...]

June 11, 2009  Tags:   Posted in: Free Trading Course Lesson Backlog  One Comment

Trading with Trend Lines

If there is one tool that outperforms all others accross all timeframes, it would have to be trend lines.  Many people want a simple method that can be used the same way, whether they are looking at a long term monthly chart, or a short term daily or intra-day chart.  Trend lines, when drawn properly, [...]

June 11, 2009  Tags:   Posted in: Free Trading Course Lesson Backlog  3 Comments