Professional Stock Trader

What is technical analysis? How will it help me become a better trader? Preview 05:25

Fundamentals vs. Technicals

Fundamental analysis is the study of a company's intrinsic value, the Warren Buffet approach to investing. Technical analysis assumes that the intrinsic value is already represented by the value of the stock, and instead focuses on statistical analysis.

What are some common mistakes to avoid when trading? Preview 06:18

You can avoid some common pitfalls by making sure you always trade with a plan, build in some form of risk control in to your trading strategy, and never trade emotionally.

Market sentiment and the physhology behind investor decisions. Preview 03:54

I will touch upon how a typical investor makes decisions during up-swings and down-swings.

What kind of investor do you want to be? Preview 06:41

Do you want to be a day trader, swing trader, position trader, or traditional investor?

The foundation of technical analysis is focused on price action and volume. Preview 08:22

In this lecture, I will show you how to use pivot points to plan your next trade.

Using support and resistance to manage risk when trading. Preview 06:31

Pivot points create levels of support and resistance that can then be used to help mitigate risk.

Significant price levels to be mindful of. Preview 05:53

Prices at whole, round numbers often act as support & resistance.

Trend analysis is important when trading any security. Preview 06:16

Let's take a look at trend analysis and the importance of up-trends.

How to find opportunity in downward trends. Preview 06:31

We will take a look at downward trends, pivot highs & lows, and trendless stock.

Using trend lines to identify the general direction a security is heading. Preview 06:36

In this lecture, I will show you how to draw trend lines through pivot highs & lows.

Multiple trend lines and summary. Preview 03:36

We will go over multiple trend lines that cross minor, intermediate, and major pivot points.

What is the life cycle of a trend? Preview 03:57

In this lecture, we will cover the life cycle of a trend and get in to the 4 different stages.

The 4 stages of a trend. Preview 06:34

Stage 1: Consoldifation

Stage 2: Breakout

Stage 3: Continuation

Stage 4: Exhaustion

Quiz: Can you identify the stages? Preview 00:53

A short test to see whether or not you can apply what you learned about the 4 stages.

Solution to the quiz in the previous lecture. Preview 01:45

Answer key to the previous lecture.

Trend life cycle summary. Preview 01:06

Whenever you come across a stock chart, you should be able to idetify at least one of the 4 stages.

A gap occurs when the stock market closes. Preview 03:41

In this lecture, we will talk about common gaps, runaway gaps, and breakaway gaps.

Exhaustion & catastrophic gaps and section summary. Preview 04:02

Gaps are caused by news, earnings, analyst upgrades & downgrades, or other market events.

Getting started with candlestick charting. Preview 05:55

The candlestick technique of charting was started by the Japanese to track the prices of commities.

Bullish & bearish expanded range candles and reversals. Preview 08:31

Expanded range candles are a good indicator of a stock's future performance.

Hammers, Shooting Stars, and Dojis. Preview 08:54

Hammers, Shooting Stars, and Dojis are good indicators of whether a stock is trending up or down.

More candlestick patterns and summary. Preview 08:58

In this lecture we will take a look at bullish engulfing, bearish engulfing, piercing lines, dark cloud cover, bullish harami, and bearish harami,

What is the personality of a stock? Preview 04:46

Let's get started with Average True Rating (ATR).

The practical applications of Average True Rating (ATR). Preview 04:16

In this lecture, we will add the ATR to the chart of a stock, and compare two stocks to determin their personality.

How do we use ATR to determine when we buy/sell a stock? Preview 08:46

Let's take a look at a few more ATR examples, and learn how to calculate our buy & sell price.

Volume is the fuel that drives stocks. Preview 03:17

If the markets have made a strong price move either up or down, then the perceived strength of that move depends on the volume for that particular period.

How does light & heavy trading volume influence the price of stocks? Preview 07:45

In this lecture, we will take a look at some charts that illustrate this idea of buying and selling pressures.

Moving averages are a powerful statistic to look at with trending stocks. Preview 06:52

There are simple and exponential moving averages. Simple moving averages are evenly weighted, therefore every period carries the same weight. Exponential moving averages place more weight on recent price action, which reduces the lag.

Identifying trends within moving averages. Preview 06:33

We will take a look at up trends, down trends, and bullish/bearish crossovers.

Golden cross, death cross, and exponential moving averages. Preview 05:42

20-, 50-, and 200-day moving averages are most popular to represent month, quarter, and year of the stock.

Technical indicators offer secondary confirmation. Preview 06:15

You can think of technical indicators like going to get get a second opinion from a doctor.

Let's take a look at some additional MACD signals. Preview 06:40

Let's identify where a buy/sell signal occurs when looking at MACD signals.

The Relative Strength Index measures a stocks current condition. Preview 04:12

The RSI compares the magnitude of a stock's recent gains to the magnitude of it's recent losses.

Let's take a look at some additional RSI signals. Preview 06:02

In this lecture we will cover overbought sell signals, oversold buy signals, and RSI combined with price action setups.

Breaking down the markets. Preview 03:37

In this lecture, we will go over the topics we will be covering in this section.

The four major markets in the U.S. Preview 04:18

Let's talk about the S&P 500, Dow Jones Industrial, Nasdaq, and Russell 2,000.

Broad market analysis checklist. Preview 06:14

When trading it is always important to do a broad market analysis checklist.

Sector analysis checklist. Preview 05:51

In this lecture, we will go over what a sector analysis checklist looks like.

How many shares should you purchase? How much money should you risk in a trade? Preview 07:00

Let's talk money management!

Proper diversification is essential when holding stocks. Preview 03:17

If you are a "buy & hold" investor proper diversification is key to maintaining a healthy portfolio.

Position sizing (pt. 1) Preview 04:34

When position sizing, you should ask yourself 4 questions:

1. What is the size of your portfolio?
2. How much a of a loss would be too big?
3. What are your normalized numbers?
4. What would your anticipated profit be?

Position sizing (pt. 2) Preview 07:28

Let's take a look at some additional position sizing examples.

"Plan your trade, then trade your plan." Preview 07:25

Before you enter in to a trade identify your time frame, entry point, stop loss, and target.

How to use a trading calculator. Preview 05:00

Let's take a look at what a trading calculator looks like.