This year, more than any other, investors and traders need to hone their skills and knowledge in what technical tools will best help with stock picking and trading tactics. Price-based indicators are useful tools, but it's not always about price rather than the "condition" of price.
Discover how the momentum, or a stock's pace of price change, plus volume to identify participation and relative performance can highlight whether a stock is attractive or losing its luster relative to the broad market.
John Person, CEO of John Person Inc., is a 40-year veteran trader, trading system developer, author of several highly acclaimed trading books, and creator of the Persons Pivots and PPS momentum indicators found on brokerage firm platforms such as thinkorswim, TradeStation, and Trade Navigator. In this MoneyMasters class, he will show you how to use three tools: Specific volume analysis to identify market participation The PPS indicator that shows true price momentum Why the PMC indicator should be on every stock trader's charts for identifying relative performance You also need to know how, when, and where to place stop loss and trailing stops, as well as trading tactics such as scaling into and out of trades.
In this joint MoneyMasters class, chartered master technician and founder, JC Parets, and Steve Strazza, director of research of All Star Charts, will walk you through trend recognition tools, momentum, relative strength, and show you how to build scans to find opportunities in stocks. In this multi-part MoneyMasters class, you will delve deep into:
Trend Recognition: Discover why trends are so pivotal to technical analysis and how to actually identify them in both bull and bear markets. That means understanding the lifecycle of both market types, and how they differ.
Momentum and Relative Strength: Understand the primary use of each element, various ways to measure each, and how to decipher each part of the chart to effectively anticipate upcoming market moves most effectively.
Market Breadth: Learn what it is, why it matters, and various ways to measure it. This includes traditional indicators, sector and index analysis, and identifying and confirming divergences.
Technical Analysis in Action: Markets trend, so continuation patterns are most common. But it's also important to recognize when reversals are taking place.
Risk Management: Get a detailed tutorial in position sizing, see why it's so important to successful trading, and even get JC's personal risk mitigation formula.
This is a can't-miss session that will help you increase the probabilities of success and help you identify asymmetrical risk vs. reward opportunities skewed in your favor.
Join John Carter, author of Mastering the Trade and founder of Simpler Trading, as he discusses the options setups that have proven to be the most consistent in current market conditions. In addition to discussing setups that often produce larger-than-expected market maker moves, John will review more conservative, income-type trades, how to benefit from ongoing inflation, and tips for building a watch list.
Attendees will also learn the reasons why volatility can be your best friend, why options are the best trading vehicle on the planet right now, why down markets are better than up markets, and how to make successful trades on your phone while you are at work. Finally, John will review setups that can be taken the next trading day.