Recent content by simple-stock-trading

I trade silver on the short side these days. It is in bear trend move. It could easily drop to 25 USD

I think that the most important indicator is volume for stock trading. Price and volume and chart analysis is enough to trade profitably.

Have you thought about Interactive brokers ? But I am not sure they open accounts for such small deposit. But Saxo is also good option I think.

I would like to point you to Pinnacle Capital Markets, IB TWS and SaxoBank. I can recommend all of them. regards,

I do not use news for my real trading. I swing trade and position trade. I do not watch Bloomberg TV during active trading hours. But I like to have some global macro overview for my general thought like what are current economic issues in US, in Europe, in Asia etc. Not for real every day...

Check Amibroker, it is good analysis software that can be used also for candlestick pattern recognition. There are formulas available for this task. Another possibility is to use FinViz web site for screening.

Have you tried FinViz web site ? It has nice screener for chart patterns too. Also Amibroker software could be good for this task - there are plenty of formulas for different chart patterns or candlestick patterns screeners.

What about FinViz web site ? Have you checked it ?

I agree that the best way is to look at chart and set stop loss level based on the trade development. I can speak only from my experience but I use two basic techniques for stop loss setting. Both are based on some form of support and resistance. For position trades I prefer to see some swing...