Summer Trading Bootcamp

At a snail’s pace. When it comes to trading, moving at a snail’s pace isn’t a bad thing. In this session, students were taught how to accurately analyze current price action in securities that range from futures to stocks and how the development of these movements offer projections for future price levels. A change in the pace of price development over time is perhaps the most important factor in determining not only the success or failure of a trade, but the projection of an accurate target level and ongoing trade management as well.

On Day 2, there were some tricky trends. The placement of current price action in the bigger picture is confusing.

To hold or not to hold? The impact of support and resistance levels on price action is something every trader knows about. Every trader has given price points too much credit and had stops blown, gains erased, and the ideal entry point slip because they missed clues about the true strength or weakness of the price levels they had once considered to be support or resistance.

Turn it up! Even though most online traders no longer listen to the pit and many newer traders may have never thought of the Squawk Box as anything other than a segment on CNBC, there are certain times of the day that you can still hear the market move. The sheer number of shares or contracts trading hands at any given time, as well as the time of day that these surge, are all related to volume as it relates to share or contract size.

You can get a free download of Summer Trading Bootcamp 2012 by visiting nextskillup.com.