Today's daily video concentrates on focusing your thoughts on the psychology of trading. We will show you how you can control your emotions when in a trade by adopting our trading style of using trailing stops.
Trailing stops essentially allow you to become risk free in trades once they move in your desired direction. This is a great way to become more objectionable when looking at the charts which only helps when making decisions to either take profit or cut your losses. Philip explains the uptrend channel trailing stop and highlights the pros of trading in this way and the cons of trading the downward trading channel and going long.
Stock Market Technical Analysis Video
The overview of the SP-500 (ES) is suggesting an overbought short term signal or possible consolidation before continuing up on its next leg. This is highlighted in the trading channel in the video.
Stock Review:
MRVL - Marvell Technology Group
MXIM - Maxim Integrated Products Inc
Today's Review
REE - Rare Element Resources Ltd
NFLX - Netflix Inc