What are the missing ingredients that prevents most investors from making great profits?
- A Trading Plan
- The ability to find great trades
- The confidence necessary to pull the trigger once they find the trade
Profit is the goal of any investor, no matter which instrument they chose to invest with. Consistent, long term profits can only come from PEER: well thought out planning, diligent execution, continuous education, and constant refinement. And while I do provide some advice about trading plans, the real focus of Record Price Breakout are numbers 2, and 3.
What Is RecordPriceBreakout.com
For the individual investor, traditional fundamental investing methods have been replaced by more mathematical methods, giving rising to thousands of software programs designed to help find profitable trades. This method of finding trades, at a high level, is called Technical Analysis. Record Price Breakout is all about helping you:
- Identify profitable chart patterns
- Confidently determine and execute entry and exit points
- Analyze the trend of equity, and futures markets
- Find and understand the latest and most effective software and technical analysis tools
- Educate yourself in the intricacies of technical analysis with the best investor education articles and resource links I can find
- Refine your trading plan and style
- Making profits, profits, profits
Why Technical Analysis Is The Key To Successful Trading
Technical analysis provides traders the ability to forecast the future direction of prices through the study of market data, primarily price and volume. Technical traders must adhere to one simple premise;
Earnings, economic data, insider trading, and in fact all fundamental data are all completely calculated within the current price of the security.
By holding the premise true, technical analysts can learn to predict (with decent accuracy) the direction of a market and the timing of profitable trades. Does this mean technical analysis is the magic bullet that will make you rich?
The answer is… Maybe. There can be little doubt that the worlds Master Technicians are making fortunes using these techniques. I believe with PEER, anyone can become a master.
Technical Experience With The Power of Community
We live in an exciting time. The Internet has given traders the ability to find powerful information, and blogs the ability to gather as a community with common interests.
Record Price Breakout isn’t about mysterious software or the latest underground trading secret.
It is however a place where I will attempt to provide starting points for all of you to interact, ask questions, and drive the content of the blog.
So go ahead…. Sign up for our free email updates and / or RSS feed and join us for the profitable opportunities that continue to develop with technical analysis and our amazing community.
About Steve
RecordPriceBreakout was founded by Steve Warshaw in July, 2008. Steve is a full time software engineer and aspiring professional technical analyst.
Steve has contributed significantly to the development of several trading software and technical analysis programs including Track and Trade High Finance by Gecko Software.
Although the site is less than 1 month old, RecordPriceBreakout is already on track to have over 1000 unique visitors this month!
Popularity: 4% [?]
