For those with a part-time passion for following and capitalizing on stock market opportunities. You may not be a pro but you’ve been actively investing and swing trading with a short to mid-term time frame, flipping stock positions within several days or weeks of purchase while also identifying longer-term buy-and-hold companies. The primary emphasis is on technical price action, secondary on fundamentals. This group is best suited for people with intermediate trading investment experience (3+ years) but highly motivated beginners are welcome.
AN IDEA EXCHANGE The purpose of this group is to create an idea exchange and support group for people with similar goals and resources.
The following areas would be covered:
Trade ideas – spotting low-risk, high-return stock and option set-ups including a show-and-tell of past trades, what worked and what did not.
General market discussion
• Identifying market price trends
• Changes in sector leadership
• Support and resistance levels
• Impact of high-frequency trading
Psychological/motivational – how to get through losing streaks, knowing when to let go. Run your ideas by the group to get a second opinion, sound check.
Tailor your trades to match your personality.
Resources - identify the short list of online sources for:
• Stock/option transactions
• Charting and technical analysis
• Company news
• Economic updates
Risk management – discussion on ideas/systems for minimizing trading losses; creation and execution of trading plans