Voodoo Trading Post - January 24, 2022

Voodoo Trading Post - January 24, 2022

Hi All!

Here's our weekly snapshot of information that we hope will help in your journey as a systematic, rules-based, trader!

Trading Quote 

"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower." - William O'Neil

Trading Strategy Tips

A trend following trade usually initiates from a breakout from some sort of consolidation range.  You enter the trade on the breakout and ride the trend using a trailing stop until the trend ends.

Your trading strategy should clearly identify the following:

  1. Which markets to trade
  2. Potential trade setups
  3. How to enter the trade
  4. How much to risk on the trade
  5. The initial stop loss exit
  6. How to exit a winning trade

Weekly Instagram Trading Poll 

Which investment style do you think will perform better in 2022......

Growth - 60%

Value - 40%

Its fun to try and guess which markets will be winners but make sure your trading rules lead you into a trade not your emotions!

Trending Markets

What's on your watchlist?  These are the strongest trending markets over the past month........

Recommended Trading Books

Jack Schwager continues his interviews with some of the world's top traders including Tom Basso and William Eckhardt.  Although the traders interviewed trade different markets their success can be boiled down to the same essential formula: Solid Methodology + Consistent Execution = Trading Success. Learn More

Trading Humour

Please let me know what you think. What did you find most useful?  What would you want more or less of? If you find this information useful please share with fellow traders.

Trade smarter, trade better!





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