One of the most important decisions you will make as a trader is whether to elect the mark-to-market (MTM) accounting method. Although MTM is only available to traders, not investors, and does offer some significant tax advantages, it is not right for everyone. What makes this decision so important is that once you select MTM,
Step 1 – Look for a LONG RED CANDLESTICK resting on MINOR PRICE SUPPORT and also a rising MAJOR MOVING AVERAGE (10 MA, 20 MA or 50 MA). Step 2 – Pull up a 5 minute chart of the stock. Step 3 – Note the opening price of the stock. If the stock gaps up
CandleStickShop.com Analysis Step 1 – Look for a LONG GREEN CANDLESTICK against MINOR PRICE RESISTANCE and also against a declining MAJOR MOVING AVERAGE (10 MA, 20 MA or 50 MA). Step 2 – Pull up a 5 minute chart of the stock. Step 3 – Note the opening price of the stock. If the stock
By Jim Wyckoff Many traders attempt to find the single-most “robust” trading strategy possible by looking for one set of rules which works for all markets. Such systems don’t take into account the fact that markets can change quickly and dramatically due to a news event, according to Perry Kaufman. “There are times when a
Henry Carstens VerticalSolutions.com Article in PDF Format Introduction If someone says, “I’m making money buying the SP futures on Friday’s close and selling on Monday’s close, you’ve got to get in on this!” How would you know whether that idea was a good or bad? What about a new trading idea you have – is