Technical Trading-Periodicals to help you

Candlestick charting as it's know is part of what I attempt to teach you on this site. All Technical trading uses charts. Knowing how to interpret them to guide you through entry and exits points for either short term or long term positions is in my view not a good way to trade. Some of you will pick it up, some will ask questions and others will share their own knowledge.

If you don't understand what I'm showing you in post then by all means post your question in the comment section and I will do my best to explain it in more detail.

It's been suggested to me to produce my own periodicals but until that happens I will make suggestions on reading and Video material that will help you to learn the basics and some beyond that every day. Understand that Technical trading in my opinion is only a guide. It is not a 100% guaranteed and should not be the sole decision making tool for buying or shorting a stock, commodity or future.

Investors Business Daily is considered a Bible in the industry. I've never took the course but know many that have and they have done well with it. There are many others. Bruce Kovner, Jim Rodgers and Geroge Soros are just some of the best examples of swing traders that have been very successful using a variety of Techinical indicators. There is no right way just what works for you and makes money. That's the only reason to invest.

Below are some suggestions for you to start. For others of you who wish to have 1 on 1 tutoring I am available in person and over the phone where we trade together and I show you how to read a chart.  I have found this to work very well with people. You're welcome to email me and we can discuss what your goals are.

Marc Roth

How to follow me

Several people have email me about how to sign up as a follower.

Two ways: At the top left of the page you a search box. Next to that box it says "Follow". Just click on it and choose your email provider through the wizard. It walks you through it.

Or send me an email an I will send an invite for you and any of your friends and family.

I also set up a Google search bar for everyone. Your search results which will open a separate tab.  The Blog is work in process so if you have some idea's on how to improve the site then feel free to post it and I'll see if I can get it up and running for everyone.

Thanks again to everyone and keep checking back. All your comments are great!

Marc

What I did so far today and why

As expected even though the jobs report was a bit better than expected the market sold off and the VIX made a big move. Reality is the whole worry about Europe is overdone to me.

With that in mind and what I saw on the 1, 3 and 6 month charts I'm seeing some buying opportunities on the long side for next week.

I bought the March ARG 60 puts at .95 and $1.65 and bought APD March 75 calls for .80 based on the reasoning I gave about this take over play in my other post today. Sold off my CVX 60, 65 and 70 Feb. puts that I had bought last week for a nice profit. Don't want to be holding too much of those going into the weekend since you lose time value quickly. Have a little left but might sell those too going into the close especially if the selling accelerates. Sold AFL Feb 47 puts, CSCO FEB 23 calls and my F Feb 11 puts that went deep into the money today. Still holding the F March 10 puts and may sell a portion of it going into the close.

Then I bought some GE March 16 calls for .44 and some Ford March 11 calls for .63.

My thinking is this: First the charts on the long side look really good. Run the time frames I gave you along with the RSI and you'll see they look way oversold. Again I always try to dollar cost average so if they go up or down Monday or later today I'll probably add to them. I'm still sitting on the VIX trade but will sell of something before the close. It made a nice move and I'm not a Hog.

Have any moves you made today? Go right ahead and let everyone what it was and why. 

I saw this movie with the little lady last week and it was really good. If you like food, cooking and Julia Child who was one of my favorites to watch as a kid you're gonna love this film. Snow headed this way so it's going to be a movie night.