What are the Weinstein’s 7 Trading Rules for Success
Stan Weinstein is a highly respected stock market analyst and trader, best known for his book Secrets for Profiting in Bull and Bear Markets (1988). His 7 trading rules for success are:
Identify Market Structure
Before doing anything first you need to identify the structure of the market. You need to know whether the trend of the scrip is in: Uptrend When scrip is making HH (higher highs) and HL (higher lows) and price is increasing then the scrip is in uptrend. Take for example the image below which is […]
What is technical analysis in stock trading and how one can use it to earn money
Before starting, one must know what actually is technical analysis. Technical analysis is a method of evaluating securities by analyzing statistical trends about price movements and trading volume. It’s based on the assumption that past price movements and patterns can predict future price movements. Unlike fundamental analysis, which focuses on a company’s financial health, technical […]
How many types of traders are there in Stock Exchange Trading?
The number of trader types can vary depending on the classification method, but there are broadly two main categories: Based on Trading Style: Day Traders: Buy and sell stocks within the same trading day. They dont hold the scrip for the next day. If their profit target is achieved they book it and remain on […]