Stop Orders for Getting

As soon as we own a stock or have shorted a stock, we need to be thinking about where we want to or have to get out. That is, we want to if it goes with us, and have to if it goes against us. I believe there is only rarely any reason to get out of a stock using any method except a stop order. By following that regimen we are conforming to our thesis that the market is always right, and we are just trying to go along with it. The rare exceptions might be when we are looking at such an extreme...

Equivolume Charts

Range Trading Charts

If you were playing golf with Tiger Woods, would you give him a three-stroke advantage Of course not. If you were crossing the Atlantic in a sailboat, would you leave your compass behind Never. Would you start on a cross-country car trip without seeing how much gas is in the tank Certainly not. Would you try to interpret the action of the stock market without knowing the volume I hope not. When the stock market closes for the day, two pieces of information are all that remains price and volume....