The six stages of a developing trader are looked at below.
Stage One: The Clueless Trader
This is the first stage when you enter trading. You may have picked up a book on technical analysis somewhere, heard of a day trader making millions, or got lucky in an earlier stock investment. After all...
What is a TICK?
A TICK is the number of NYSE upticking stocks vs downticking stocks. If 1000 stocks are upticking and 600 stocks are downticking you will get a TICK reading of + 400.
The TICK is a useful market internal tool to gauge market sentiment, design trading strategies, to prevent one...