To The Moon

Good Morning Everyone, I just finished this book ("Profitable Day and Swing Trading: Using Price / Volume Surges and Pattern Recognition to Catch Big Moves in the Stock Market") by Harry Boxer yesterday.

The author, Harry is a veteran with 45 years of years in technical analysist and stock picking. He share his journey as a trader, write it in such a way for us to easy understand.how to move along to learn and get the most out of it from this book.

Allow me to briefly share what I have learned from this book, and hope you find it useful and can explore the book for yourself.

Analyze the patterns from previous trading day

It is important to understand how the stocks in your watchlist trade the previous trading day. Study the pattern and look out for any signs of possible uptrend or downtrend by analyzing the support and resistance. Whether the stock have dropped below support or crossed over the resistance

Monitor the Early Price & Volume Action Closely

I have shared in my previous on how I use price and volume to trade certain stock, or analyse a stock, you can check out the previous article below.

C3.ai (AI) stage comeback with a nice rebound!

Would we see another bounce from Bigbear.ai (BBAI) today (09 Feb 23)?

Why C3.ai (AI) dropped so much on 07 Feb 2023? Is the AI hype over? Or companies focus shifted?

I normally would look out for sudden surge of volume or price burst, just before crossing from pre-market to actual session. This would give us an indicator on how the stock might be moving. But remember to watch the volume throughout the entire session also.

Setting Targets and Price Objectives

The author has explained quite well in setting your exit points, I shall not elaborate here, as this is based on your own trading plan or strategy. There are many indicator/wave that was discussed, you can find out yourself.

Interpretation of indicators and Examples (Stochastic Oscillators, Bollinger Bands)

I find this part useful for myself, as these are the 2 indicators that I would use to determine the strength, divergencies. This book explains it very well and easy to understand, how it is used with example. How to see it.

The rest of the book will be more on his journey as a trader, how he share rules and guidelines to Better Trading in these chapters.

Rules and Guidelines to Better Trading

38 Steps to Becoming a Successful Trader