[isatrader]

Hi there everyone, im new to this forum and brand new to the stock market too, i have been reading stans book over the last few weeks. Im 18 years old and hoping to financially secure my self in the stock market in the future, of course i am expecting the losses that every trader encounters and i have proven this on a demo account that i have been using for a few months now (which i have had considerably more losses than gains). Im very intrigued to learn everything there is to know, however to start off i just want to ask quite a bulk of questions if someone is willing to answer them and help me out.

Questions i would like to know:

1) How can i actually see a market trend ?
A) Learn to understand the various market breadth indicators that make up the 'Weight of Evidence' approach - like the Advance Decline line, New Highs New Lows, Bullish Percent Index etc. Read Chapter 8 of the book to start

2) How do i work out profit/ earnings ?
A) You don't have to. Weinstein's method is 100% technical. Learn to read the charts and the volume data. Don't get bogged down in the fundamentals that the news shows talk about. The stock market is predictive, so by the time the fundamental data is realised to the public, it's normally already in the stock price to some degree.

3) When a stock breaks what moving average is the best ? (Eg is it when a stock breaks a 30 day ?)
A) We use the 30 week Moving Average as the main MA in the method, and also the 10 week MA. We don't trade on breaks of moving averages, but instead on breakouts above levels of resistance.

4) Is an advance-decline line needed & how can i construct one with uk.tradingview.com ?
A) It's part of the market breadth tools that you need to learn in order to be able to determine the market Stage. Is very important in the method.

5) How can i calculate momentum index
A) It's the 200-day moving average of the daily advance-decline figures. It's a very long term indicator though, so should just make up part of your breadth indicators for your weight of evidence.

6) Do i need high-low differentials
A) Yep, again part of the weight of evidence

7) How can i construct Mansfield charts with uk.tradingview.com ?
A) badcharts on here is using them on that platform, so maybe private message him to find out what the indicator is called on there

8) How can i construct resistance and support lines ?
A) These are just lines, and normally your software will have these

9) How do i actually know if the stock that i am trading is in a positive group or negative ?
A) You can look at the sector chart and workout it's stage, or you can look at direct competitors of the stock and work their stages.

10) What broker is the best for me to start out with ?
A) Hard to say. I've been doing this for over 10 years now, and still switching around. Basically the general answer is the one that has the lowest fees and for the market that you want to trade. This takes trial and error, as the majority of the UK ones overcharge. So personally I've moved to an overseas account this year with Degiro, as they are no frills and seem reasonable so far

I would really appreciate it if someone took there time to answer these questions, im looking to thrive in the stock market and would love it if i could get some help on the way.

Many thanks
Reece Webb

Generally the best advice I can give is to setup you charts in a consistent way, and practive daily learning to identify the Stages. As once you can identify the Stage of stock on the weekly chart at just a glance, you'll be miles ahead of most. As it will keep you out of the bad ones.

I hope that helps