Previously, we have learned the simple way how to make money in stocks by using trendline. Before move to our current hot topic (which is another way to utilize the trendline), first, let’s refresh our mind by summarizing what we have discussed in the previous article. As mentioned in previous article, we have learned how we can use the stock chart’s trendline to decide whether it is the best time to buy or to sell the stocks.
In previous article, we have learned how to draw the trendline for stock trading which is a useful tool to know the current stock market trend. As I have also mentioned, knowing the stock market trend is very essential for stock trader – especially for retailers – to gain optimum profit in their stock trading venture. In short, we can make money in stocks by using trendline based strategy. Indeed, this trading strategy is quiet simple which are “buy if the trend is up, sell if the trend is down, and stay away if the trend is nontrend (sideways).
It is already Monday again — a new day of the week which is a perfect day to look into our stock trading plan. It is very important since the world-wide stock market is very volatile lately. We need to check whether it is the time to sell, buy, or hold the stocks. Indeed, it is the time to look into Stock Market Today report. As I have mentioned before, I am a trend trader who highly dependent on the world-wide stock market trend analysis which I share through Stock Market Today article. Yeah, we should know the world-wide stock market since these days, each stock market is globally connected.
Last week, the market was still the same with the week before. There were not much changing. That’s the main reason why I did not publish the Stock Market Today article in last week. Beside that, I was a little busy. However, in this week, it seems mostly of the stock market’s trend have been changed. Therefore here I am, write another report of Stock Market Today report. As trend trader, it is very important to keep up with the current stocks market trend around the world so can make a good decision.
As I mentioned before, I have changed my stock trading strategy after the last strong down trend (bearish) of worldwide stock market. I share this new strategy via article’s label “Stock Market Today“. This new stock trading strategy is to follow the market trends – the weekly market trends exactly – until its end. So far, this stock market today strategy is better than before. By using the “follow the market trends” strategy, the gain significantly increases while the loss significantly decreases. It is so true that market is always right and stock trading is all about the stock market trends.
As mentioned in previous article about Technical Analysis (TA), The modern Technical Analysis is based on Dow Theory. Therefore understanding the Dow Theory would be a great help before we learn about Technical Analysis. As you might already know, Dow Theory is created by Charles Dow. He create it by observing the U.S. industrial and railway/train financial market.