(2019-02-26, 03:19 PM)StageAnalysis Wrote:

(2019-02-26, 02:07 AM)James Wrote: Hello, I recently read Stan Weinstein’s Secrets For Profiting in Bull and Bear Markets a few months ago and have been hooked to the stock market since. I was wondering if there’s any other books or videos that would be helpful to read that use the same/similar method? I’m new to the stock market and would like as much advice as possible, thanks!

Hi James, if you visit the main Stan Weinstein thread, there's a bunch of links in the first post that will help you. With regards to books that compliment the method. Mark Minervini's two books are really good if you are interested in the trader method, as they go into great detail and introduce some new concepts, like the Volatility Contraction Pattern, which is really good for minimising risk on entries. Another book that is good and compliments the trader method is How to Make Money in Stocks by William O'Neil. To learn more about relative strength, which is a key component of the method, then Point and Figure Charting by Thomas J. Dorsey is really helpful. For learning about money mananagement, I'd recommend Come into my Trading Room by Alexander Elder and other books he's written, as they also cover some of the key market breadth indicators that we use in the method.

(2019-02-26, 06:29 PM)James Wrote: Thank you! Could you possibly link me to the thread or post, just so I know I’m reading the right one please?

(2019-02-27, 11:25 AM)isatrader Wrote: 1. The full price action is always helpful, as it lets you see any potential resistance. But it is useful to look at the closing price only chart also, as you can then see when the stock is making new closing highs.

2. Stan didn’t give any additional guidance on whether it applied to short selling also, but the method is very similar both ways, so it’s fairly safe to assume that it would be the same imo. Although, shorting is considerably more difficult, as breakdowns tend to short and sharp with a lot of volatility. So I’d recommend focusing on learning to trade Stage 2 well first. As once you’ve mastered that, you can then try to learn to short.

3. I’d recommend entering continuation breakouts like a trader to minimise risk. As minimising your risk is one of the most important things you can do when trading.

(2019-03-03, 03:36 AM)sbradwell Wrote: Great Watch-lists so thank you Isa, learning lots and studying Stan's book. making great progress but good lord, very very few stocks on the watch list are on my trading platform, Trading212. May have to make a change. I am a very small time newbie trader at this time and trade using online platforms. But as i said. 9/10 stocks on the main stocks watch-list posts are not listed on my platform. Do some trading platforms have larger market listings than others?. Is anyone able to shed a little light or suggestions for alternative trading options keeping in mind i trade below $1000 so no exclusive or high buy in services.

(2019-03-01, 03:53 AM)James Wrote: Thanks, all this is as an investor by the way. When placing the initial sell stop under the prior low of the breakout, do I place it at the closing price or the wick? Also what about placing the sell stop if the price breaks the 30 week MA on the correction low after the breakout, do I place it at the close price or wick? And the last thing is, if the price broke the MA but closed inside it, what do I do then on both the correction low and later on in the chart when placing the sell stops? Hopefully you can understand this.