Secrets to Making Money in a Swing Trade
Friday, November 11, 2016 14:30 MST » 16:30 EST
Our guest speaker for the November 11th, DTG webinar is Rick Saddler. Rick is a stock trader, trading coach, and owner of "Hit & Run Candlesticks" (hitandruncandlesticks.com). He resides in Springfield Missouri.
Rick chose six interesting topics to present that you will be able to immediately apply in your trading. He will be sharing his favorite chart patterns and trade set-ups along with a few candlestick secrets that has brought success to him and his students.
Rick's key topics will be:
- Candlestick signals and patterns
- Daily, 2-Day and 3-Day charts
- Profitable chart patterns
- Support and Resistance
- A chart must have profit potential
- Are all chart patterns good? - NO!
About Our Speaker
My dream was to quit my day job and trade for a living...
I felt I was ready and getting close to replacing my income from my current job. This didn't happen overnight; I've been trading seriously since 1993, started teaching and coaching in 2003.
I've been an employee and a business owner. Both placed a lot of money in someone else's pocket. Whether it was the company or the tax man, it seemed to be a lot of headache for little return.
I had a dream to quit my day job and learn to trade the stock market and so my journey began. Around 1989, I began dabbling in the market. Make a little money; lose a little money. Rinse and repeat. You get the picture. Bottom line, it was fun and had the thrill of gambling, but not profitable. Still, I enjoyed this process for the next six to eight months expecting to find that one strategy that would hit a home run. At this point, I was no further ahead financially and pretty much breaking even.
I had about $8,000 in start-up capital and worked to develop my own simple, low-risk trading strategies. In a year's time, I turned that $8K into $28K. That was a pretty impressive return until a bad trade lost me $6,500. I quickly took the remaining cash and went house hunting.
While I continued to dabble with my trading strategies, it wasn't until May of 2002 that I became serious about my trading future. I decided to invest in myself and took private training classes from Stephen Bigalow on how to trade with Japanese Candlesticks. This training paid off, and I was back to making profits. Until I began looking for that home run play that would make me a killing, I was tweaking my simple strategies by adding the latest tips shared by the 'gurus.'
Finally, I came to my senses and went back to the techniques that worked. They were easy-to-spot patterns with clear entry and exit points. I could see the same pattern developing in hundreds of charts. More importantly, I could enter with low risk on a short-term trade, grab my profits and sleep well at night.
Amount of historical data varies from 30 days to 14 years depending on the membership you choose.