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Trading for Income
What are swing trading methods? Best book for trading income? Whooph teaches swing trading, trading for income, risk control, trading tools using the Whooph Trading Methods guide and ebook. Charlie Whooph, a swing trade expert since 1999, trades full time. Whooph has analyzed over 40,000 charts.
NEWSLETTERTRADINGTRADING METHODS
Charlie Whooph
4/25/202422 min read
Trading for Income
By Charlie Whooph, CFE
I trade ONE stock or ETF up or down averaging $30-40/day. Get the “machine” working and SCALE from there.
With a viable method Swing Trading generates recurrent consistent income. Consistent gains depicted in the graph below suggests Whooph’s Trade Methods work. His Trade Methods aren’t the proverbial trader’s gamble we’ve all heard about…
I reduce stress to almost nil. My trades are small. Using Whooph’s Trade Methods, risk is controlled. I deploy the same $300 to $600 to begin each trade. Night before or morning of, I check for market tells or indicator signals to TRIGGER a BUY or SELL.
Low risk, low maintenance, low stress.
It’s a perfect “machine” of a small business for creating income out of thin air. Then scale the method as you’re able.
That’s it. And scale the Method with confidence.
Letting money work for YOU. — Charlie Whooph
John Murphy, Alexander Elder, Toni Turner, Gerald Appel, and Linda Raschke learned how to trade for a living. All of them propose a simple credible method. None of them suggest that you gamble in the market!
What’s in a Trade Method?
Risk-control Rules
+ Market Signals
+ Buy/Sell Triggers
=> Consistent Income
Who are Professional Traders?
These are but a few. Each of these trading experts comes from diverse professions and backgrounds. John Murphy wrote the text used in preparation for the Globally recognized STA designation, Society of Technical Analysts.
Toni Turner was a work-at-home Mom when invited to go to Wall Street and learn to trade on the floor of the New York Stock Exchange.
Alexander Elder was born in Leningrad, served as a ship’s doctor, jumped ship from a Soviet vessel, and was granted asylum in the United States. He trades full-time and offers trade how-to guidance and courses.
Gerald Appel is the inventor of the MACD, the most popular technical analyst’s market indicator that has been in use for over 40 years.
Raschke gives 50 very good guidelines centered on human nature, behavior, and market psychology.
They’ve published works and have much to share in the way of advice, lessons, rules, and METHOD that a trader should heed to learn the discipline and art of Trading for a living.
Writer’s Trading Method
According to a recent Gallup poll, an estimated 158 million invest. No doubt, most of these invested accounts consist of managed 401k plans.
Though Charlie Whooph can be numbered among long-term investors; his passion is repeatability, recurrent income from swing trades. And yes, he is a chartist — technical expert on the use of charts for citing tells and predictive market signals.
Whooph has been trading daily since 1999 with a focus on technical indicators and how they correlate to Price in market swings, reversals, corrections, trend pull-backs to the Moving Average, and market crashes. He has analyzed in excess of 40,000 stock charts in multiple timeframes and considers himself an expert on several skills which he says enable recurrent income in equity trading (stocks).
A business bidding minutes, couple hours — not all day
A trade method vies for repeatability and rejects a foolish gamble.
Whooph Learn. Pay What You Want!
No more stumbling in the dark for a descent simple answer to your Googled questions… It’s Here. Pay what you want, but get this information! Seriously.
Straight-forward talk to explain the Whooph method for when to BUY and when to SELL, creating repeatable income. Simple Method. Happy to teach it. Click for our Newsletter. Pay what you want. One time.
If you want to more. Grab Charlie Whooph’s Trading Methods Handbook.
Perhaps you’ve wondered, “How many folks contend that trading is gambling” — an erroneous assertion based in bitter frustration and very often ignorance of how and why a market behaves as it does. I’ve been there — I can relate.
It’s unfortunate, but these are the same folks who dive in without a method and lose money to those traders who employ a method. I’ve done that too.😏
So, who is Whooph? For now, all you need to know about Whooph is his values. He shares the following:
I’ve learned a few critical values since I embarked on the business and discipline of trading in 1999:
A wise man generates income and accumulates wealth gradually.
A foolish trader gambles on a pipe-dream devoid of clarity.
A viable trading method shuns gambling.
See his record in Repeatability and Consistency (below).
What’s in a Method
In the Whooph Handbook, Trading Methods —we conclude that with a viable method, one can succeed in the trading profession.
In 2020-21 during Covid , 30 million new trading accounts were opened. Data from those new traders entering the profession suggests that only 70 percent of traders had a method. Nevertheless 1 out of 5 were profitable within the first six months — that is for those WITH A METHOD.
Heck, making money out of thin air is exciting, like flipping houses. Adrenaline, and all sorts of emotions: thrill, uncertainty, impatience, fear, anger. The market has an uncanny ability to toss emotions. Here’s how.
Money & Emotions
A trader needs to keep ALL of those emotions out of the trade. Emotions are natural to the human condition, but they have no place in your trading environment!
A trading method helps to ensure this.
The market tosses emotions. So, emotions unchecked, unrestricted risk, greed, or lack of an exit strategy, all of these occur for lack of a method. We may think we know the general direction of a bee, but we can’t possibly know every pivot, dart, spin or parry of the bee’s journey.
Whooph Methods derive market tells in the equity chart which predictively warn of market turns. Citing even half of these tells or signals would make a trader a formidable opponent. Nevertheless, to have any chance for citing market tells one must acquire a valid Trading Method.
Note Whooph’s Trading Methods is available through Gumroad. It’s a Pay What You Want deal. Whooph trades for a living, so he’s a strong believer in the Pay What You Want method of teaching.
Toni Turner
Toni Turner is one such trader. She was a work at home Mom, an active trader since the mid 1990’s being “slapped around” by her love affair mate — the market. She wrestled with indicators and watched CNBC until her eyes crossed when offered an opportunity on the Wall Street floor to learn the discipline of trading. Today, she lives and breathes self-imposed rules, her methods, and her dogged analysis of the equity charts.
Introduction: America’s Love Affair (with the stock market)
On the Market:
“ She’s gentle and considerate one minute, then witchy and irritable the next. She’s apt to treat good news like poison, and wave off bad news as though it’s no news at all. A mere word (read: inflation) sends her to the moaning depths of despair, while the rumor of war may turn her giddy with delight. ” — Beginner’s Guide to Short Term Trading by Toni Turner. (Recommended)
There’s much ignorance of the market and what a swing day trader should be doing to manage risk and his or her method. My Dad used to say, “Charlie, when the markets are going up everybody is making money.” Which was not an invitation to jump in, mind you. So, before you celebrate your trading intelligence and the currently up-trending market, consider this. The market has an uncanny ability to “shake out” the weak hands. She seems nice enough, but intent on humbling.
Repeatability and Consistency
Charlie Whooph trades daily with one simple goal. Repeatability. How-to trade is more valuable than the profits of the trade. Money comes and goes. The skill and wisdom for generating recurrent income is the “value” a trader seeks. His method’s record demonstrates that trading the same stock or ETF up and down, swing trading for consistent recurrent income is doable. He does this using various chart indicators tracking with price and one favorite — the tell. Where an Indicator disagrees with Price.
The following graph demonstrates Whooph’s consistency in swing trading:
Dollar values are intentionally omitted as Whooph does not guarantee the reader similar performance or minimum percent gains. Likewise, he does not offer investment advice specific to any readers’ individual circumstances. The chart speaks only to consistency of income using Whooph’s Trading Methods.
As a model of his success, to generate the above account balance graph, he traded with relatively small initial positions $300/trade and increased to $600. He carried an average of $1200 total in trades per day. And he did not accumulate larger and larger positions; he did not compound gains. Based on these limits he averaged $30/day. Of course a trader may scale this as he/she wills.
Market Tells
The concept of an equity market showing its hand, being unable to hide a tell of an imminent swing or reversal has intrigued Whooph since he started trading in 1999. Yes, that’s right, any stock, etf, or market apparently telegraphs its moves. Like a rookie NFL pass receiver inadvertently telegraphing the play or his route to a defender. The market also signals!
This concept of market tells, evidenced in Indicators plotted concurrently with Price, gives a trader advantage. A trader employs those tells or signals to trigger BUY and SELL decisions which evolve into a defined METHOD.
Charlie Whooph is going to share a few of these simple signals, triggers, and methods in this book. Here’s one favorite and finest:
A Trader’s Odds
In the years 2020–21 data shows 80% of day traders failed and quit? I’m not surprised. I suppose they lacked a method and consensus among pro traders suggests likewise. Like hopping on a crotch rocket, no method, and jamming the throttle! Hell, I’d quit too! But data suggests that of those who used a method 1 out of 5 succeeded. They were consistently profitable within 6 months!
I’m not a gee-whiz kid. Just a guy. With a method.
My credentials as a swing trader amounts to 22-years steady accumulation of undocumented expertise. I tallied up an estimated 40,000 charts analyzed for Tells of the Turn. Since 1999, wealth was never about the money, it was in knowing how! Deriving simple methods. I trade full-time and I’m happy to share my methods using predictive market tells.
I deploy several methods everyday. By far, my favorite? Disagreement. At definable points, Market wisdom simply disagrees with Price. This principle is also known by some as conviction diverging from price. And still another term is price weakness, even as it vaults to a new high!
I’ll explain these herein later and also in Trading Methods. The gist:
When a stock or market indicator suddenly “disagrees” with price, this event triggers a BUY or SELL decision. You can see a price-technical disagreement example in Figure 2 above. The MACD paints higher lows while the price paints lower lows. This is disagreement. This is a method.
Hey, if you’re just looking for a nice read, an ebook, heres one: buy me a coffee ☕️. Pay $0 or donate what you want! Fair enough.
Where were we? Ahh yes. The swing-trade:
Beauty of Swing-Trade
So, you’ve got a viable method! Employing predictive tells. An equity chart. Position Size, Rules, and Risk Control. And the proof: recurrent consistent income, equity or crypto, up or down, either way, simply riding the swings. That you?
Swings and Trends
Whether we’re talking about profiting in an up-leg of an uptrend or buying the trough and selling the high of a swing, stocks don’t rally straight-up. There are always market waves. In fact, in Price there are waves within waves in the very near-term, short and medium term. So, whether you prefer to trade Trends or Swings, understanding swings is a must!
So, market Price and Indicator guide a trader’s trade. It is your map. You can hate it or disagree, or refuse to chart it, or be too prideful to see. At the end of the day. You are lost without it! You cannot possibly know where you are without charting it. Price v. Indicator — remember this.
The comparison reveals predictive tells as to an impending swing. Seeing these “tells” is how you get paid. Whether you’re trend-following or swing-trading, studying facets of a chart before setting your BUY or SELL is key.
Likewise, from the Elliott Wave chart above, you should know and memorize. Know that a trader is lost if unable to “see” lows n highs. This skill is of importance to the trend-follower AND the swing-trader.
Elliott Wave Theory & Fibonacci
Understanding where you are in the progression of swings or the pattern of waves in a trend poses the same requirement for trading trends or swings. A trade starts with an understanding of Elliott Wave Theory.
Elliott discovered stock price movements were not random, that because of crowd psychology and the Law of Large Numbers (crowd) price trends in a pattern of waves. And that pattern repeats whether in short timeframes, medium, or long.
As shown in the blue line chart above, in an Uptrend the first impulsive move includes 5 waves: 3 with the trend and 2 against it. Meanwhile, the corrective move includes three waves: 2 against the trend and 1 with the trend. So, we trend up: 1up, 2dn, 3up, 4dn, 5up and pull-back 1dn, 2up ,3dn.
So, where are you amongst the waves ?
Before placing a trade you’ll want to determine the presiding Weekly or Daily trend. Is it up or down or sideways. Acknowledge the price waves and use the Indicators to help define those waves. If you placed a trade right now, are you at point 1, 2, 3, 4, or 5?
Obviously, the ideal Buy Point would be 0 somewhere between 1 and 2, and 2 being the pull-back. We’ll do a deep dive into Elliott Wave so you’ll be able to place a trade with some level of confidence.
Fibonacci was also known as Leonardo Bonacci or Leonardo of Pisa. He was an Italian mathematician, considered to be “the most talented Western mathematician of the Middle Ages”. He discovered the Fibonacci sequence. The golden ratio is 1.618, represented by the Greek letter ‘phi’, is said to be is a mathematical connection between two aspects of an object. It is also called the Fibonacci sequence, which is found in Science, Nature, and Psychology. It pops up in configuration of plants, animals, weather structures, star systems — it is ever-present in the universe.
Elliott applied and refers to Fibonacci ratios. So, let’s ask the pertinent question. How far will point 2 wind up from 1 ? Or how far is point 3 from the first pull-back at point 2. Fibonacci helps to determine this.
Elliott Wave makes use of Fibonacci, and so do I as a Trader. Why? Because market retracements and price Buy/Sell targets are largely governed by human psychology via the Law of Large Numbers. I use multiple tools, but Fibonacci ratios are normally a part of every trade.
Fibonacci Ratios
Fibonacci is also employed quickly but daily. We’ll get into Fibonacci Ratios more in Whooph’s handbook Trading Methods. Just know that Fibonacci Ratios such as .382, .618, .500, and .786 are the most commonly watched and traded retracement levels between a prior price high and a low. These ratios are heeded by traders whether you buy into it or not. Daily I witness price retracing to these numbers to the penny!
If you’re like me you’ll put these numbers to the test and “paper trade them” before banking on them. But if I want to place a trade or a BUY order, then I need to know how far will price pull back from a recent high or a primary high. Right? Umm…yes. I must use a Fibonacci charting tool or manually calculate retracement price levels using the Fibonacci Ratios listed above.
That is, with respect to your recent price High and Low you need to calculate (High - Low) x .382 or .618 or .500 or .786) and subtract that value from your high. Or add that value back to your low, depending on whether price retraced from the high or retraced from the low. This gives you the likely or logical retracement price value. This is the price at which you might place your BUY order.
So, if I’m buying a price retracement from the high, using that logical retracement price value, I can situate my first Buy order. I say “first” because I may uncertain exactly which Fib level, at which price will stop.
Again, most trade platforms offer automatic generation of Fib Retracement levels. Brokers invest millions to accommodate the phenomenon. At least this simple explanation keys you to look for it and learn the importance and reason for these Fib Ratios.
I don’t just believe in Fibonacci ratios, I regularly trade them. We’ll be diving into the details of these pervasive Fibonacci ratios and how to incorporate them into your own Trading Method.
Where Am I in the Waves ?
We’ll get into details of how to employ Wave Theory in a trade later on, but suffice it to say it’s important understand the Elliott Wave sequence and Fibonacci ratios to at least estimate where your are in the sequence of waves or points, and where you propose to buy or sell. Ideally, a trader needs to know this before he or she can ascertain and calculate a profit objective, let alone click Buy! Likewise, before a trader can click Sell.
A trader must also determine where he or she is in a range or wave, to determine whether to Buy long or Sell short. Yes, we have the ability to generate income when the market goes DOWN and when the market goes UP; neither is more difficult than the other.
This Where are you? question is just beginning. You’ll also need to be fluent in reading charts, use Elliott to know how far it is from your Buy to you Sell Target, ascertain direction of the next wave, detect price weakness, set and respond to swing low/high triggers, and use Indicators to watch for predictive tells. Whooph specializes in creating methods, using methods, ditching methods that don’t work, and teaching them. Hang in there.
Mastering these Elliott Wave chart analysis and Fibonacci Ratio Retracement disciplines is your job description as a trader. That is, if you seek to earn recurrent consistent income trading and hope to lock it in!
A Word on Risk Control
With a small sum of money at risk, one may earn $30+ per day on average in an equity trade. And scale the Method with confidence. When basic rules are employed, risk of loss is prevented or controlled to a draw.
How is risk controlled? Here are a few Basic Rules:
Limit funds at risk to 1%.
Find the trend. Go with it.
Understand the high and low of it.
Use a mental or automatic stop-loss.
Employ a proven Trade Method.
Learn the 7 Triggers of the Turn.
A Word on Tuition
Raschke says, “Losses make the trader studious — not profits.” Likewise, any mistakes I’ve made resulted in a loss well worth it! I considered it “tuition”. If it helps the trader to slow down, employ the Method, and study the swing signals, it’s worth the lesson. It helps you to reach a place of comfort in the market, devoid of complacency, devoid of any gamble.
My Caveat
I don’t purport to relate investment advice, but methods. A trader’s funds are kept safe via rules and a viable method, not by worry and excess oversight. The goal is to trade simply and relatively stress-free. Specific investment advice pertaining to a specific situation should be sought from a licensed professional. Be advised a license does not equate to experience.
What I can do in the reader’s consideration of the business of trading is to relate the advice of five professional traders and my own, simply — which is saying something 🤓. I can articulate their methods, explain them, vouch for them, and hopefully I can help you approach the art of market trading with confidence — the basis for writing this article. All here, and free!
Please sip your coffee, stay, and learn with me.
The Five Rules of Savvy Trading
This part of the Trading for Income article now summarizes the methods and reasoning of five market professionals in what I consider to be five simple rules for trade success.
So, I’ll tell you what my wife told me. “Charlie, just start. Learn the skill of swing trade…and take me traveling” ☺️. I followed her advice (wise guy).
5 Rules of Five Savvy Traders:
Rule 1: Locate the trend and go with it.
Rule 2: Locate the HIGH and LOW of it.
Rule 3: Follow that Average!
Rule 4: Define your Method.
Rule 5: Learn the Whooph’s — 7 Tells of the Turn.
Trading with a method is a perfect income-producing machine. Even the IRS now considers trading a business, hence Whooph LLC.
A business has a business plan and a business model. Likewise, the business of trading has a method or model.
Employing the right method makes trading or swing trading the simplest, most efficient “business” one could ever dream up, in my opinion.
METHOD protects MONEY.
Whooph’s — 7 Tells of the Turn
In a professional trader’s tool bag, there are seven primary tells that either point to or foretell of a turn in the price trend of an etf, equity, stock or market index. The 7 Tells of the Turn use very popular and common Indicators, however in manner which is uncommon. These indicators include: Stochastic, MACD & MACD Histogram, and Williams%.
Whooph’s mostly used Tells of the Turn are:
Elliott Wave & Fibonacci Ratios to ascertain a retracement.
Price v Indicator divergence or disagreement.
Close n Parallel or Two-Moving-Averages (MA) technical weakness.
Trending Upper and Lower Operating Area as per Stochastic.
MA Check-back following a Crossing of the Moving Average
If the market feels like a lot of random ups and downs, and that feeling dissuades you from developing in the business of trading or investing, I’m here to reassure you, nothing could be farther from the truth; the market is NOT random. Just hang with me…watch this.
Market Conditions
Tells will occur under several market trends or conditions:
a turn has already BEGUN
a turn is coming
no turn: the trend will likely continue
Once a turn has already BEGUN:
Tells which confirm that a turn or price reversal has already started, and a trader should take action. We’ll explain these in time so any young trader will be able to cite them and use them in real or virtual trades.
Price crosses the Moving Average (MA)
MACD crosses its Zero Line
Wave 5 in Wave Theory
Wave Theory: market legs consist of 5 distinct waves:
UPTREND — 3 legs up with 2 legs retracing down
or
DOWNTREND — 3 legs down with 2 legs retracing up.
FORETELLING a turn is coming:
These predictive tells forewarn of a turn or swing. As seen in Figures 2 and 3, slope of an indicator’s sequential lows is contrary to that of respective price lows and therefore disagrees with price, what I consider extremely valuable “intel” for a trader. And as you can see, price turns up — predictably.
One might consider this divergence method the holy grail trigger of the trade.
Close & Parallel
Divergence (DIV)
Failure To Peg, Williams%
As price climbs or descends in segments, the Williams% indicator will peg to its 0 or 100 limits… until it doesn’t. When it doesn’t, we say it fails to peg or “floats” thereby signaling or foretelling a turn, triggering a trade!
FORETELLING a trend likely continues:
These predictive tells can demonstrate that price is holding relatively strong while the indicator has pulled way back (lower) like a slingshot. This suggests the trend will continue up! The same phenomenon can occur in reverse signifying a downward trend will likely continue.
Reverse Divergence (R-DIV)
The indicator’s action against price will appear to a trader’s sensory like a “coiled spring” suggesting price is ready to continue or “rocket” up.
In Whooph’s Handbook Trading Methods, I’ll show you step-by-step examples, how to see a Buy Trigger like the coveted “DISAGREEMENT with PRICE” in a short-term or prevailing price trend, thereby foretelling a swing or a continuance. Technical and price together triggers a BUY/SELL decision.
Summary & Wrap-Up
A trigger can be as simple as a visual cue. It need not be executed by software, although it can.
Whether you are new on the block or a seasoned trader or investor hoping to lock in profits, you’d want to understand triggers. To do this, you simply need an understanding of:
The basics of a stock chart. One very nice article to boost your knowledge is by Schwab;
Brief analysis for visual cues of a market turn (up or down);
Heed these cues to trigger a BUY or SELL.
In the 5 Rules of Five Savvy Traders: we offer one very effective but simple trading method, which is listed here in the 7 Triggers of the Turn, is the Moving Average (MA) Method. We’ll discuss and explain other methods in subsequent posts, 7 Triggers of the Turn.
The MA Method uses the Moving Average line, which is already calculated and graphed for you as the trigger. Piece of cake! When price crosses above the upward-sloping MA as shown in April and May of the chart below, you will BUY.
Laws of the Market
At least two long-standing mathematical principles offer indefatigable proof on the predictiveness in the equity and other financial markets.
Markets trend and swing. This tendency of a market is driven by opinions or consensus of people trading in it.
Large numbers of people offering to buy or sell an equity follows the Law of Large Numbers which says the opinions of traders in large numbers are predictable.
A price of things undulates and swings, surely, but it does so in methodical and in relatively predictable patterns in the chart, because of the Law of Large Numbers.
What also points to the market’s predictability is Wave Theory of which Elliott’s Wave Theory provides the most notable evidence and should be applied continuously by all traders whether new or seasoned. Elliott’s Wave Theory is confirmed and largely built around the genius of the most talented Western mathematician of the Middle Ages, Fibonacci.
In the Hourly or Daily charts just like the figure below, Whooph uses Elliott Wave and Fibonacci Ratios, indicators like Stochastic and MACD to confirm your BUY will nail any pull-back or retracement. The common method is effective in timing swing trading lows and highs or just buying the pull-back on a trend. Whooph has been applying methods like these since 2001.
Whooph’s Image: Fibonacci Example to Place a Buy on the Pull-back
Indicators
Indicators are separate graphs which follow price day by day or hour by hour. Within these indicators in nearly all chart time frames (hourly, daily, weekly) are tells.
The following lists a few of the seven Tells of the Turn, with a little help using examples you should be able to recognize on your own. Following this article I encourage you to google images and pull up a few examples of swing trading, divergence or disagreement in your spare time :o)
Tell 1: When an Indicator Disagrees or Diverges from price.
Figure 3 — Author’s Trade Account — Disagreement Example
Also, refer back to Figure 2 above for a slightly different example of disagreement (or divergence) which foretells a TURN or SWING in an electronically traded fund (ETF), equity, stock, or market index.
Price-Indicator Disagreement before a Reversal
What is Disagreement? At definable points, Market wisdom evidenced by an equity’s indicator tracking alongside Price, suddenly and simply disagrees with Price. This principle is also known by some as Divergence as conviction diverges from Price. And still another term for this favorite is “price weakness”… even as Price vaults to a new high! — an important investment trade signal to know.
Takeaway
The Misunderstood Divergence
The price, speed, and momentum data associated with a tell is created by a million plus traders or bots actively trading an equity or crypto. Another million or so traders sitting on the sidelines “sees” that same data whereby an Indicator suddenly disagrees with Price despite the happy price rally. A pull-back, correction, or reversal or “time pull-back” is imminent and will occur, in Whooph’s experience 98 percent of the time.
Consistency in Whooph’s Trading Methods is seen in Whooph’s gains:
Writer’s Account Indicating His Own Consistency with Trading Methods
Dollar values are intentionally omitted as Whooph does not guarantee the reader similar performance or minimum percent gains. Likewise, he does not offer investment advice specific to readers’ individual circumstances. The chart speaks to his trading methods consistency. Scale as you will.
Whooph has studied the phenomenon of Divergence or Disagreement since 1999 in an estimated 40,000 charts. He considers himself an expert in the read, analysis, and application of this predictive tell. Associated market data, not only suggesting weakness but demonstrating it, foretelling market tops, swings lows or highs, and reversals. As one might imagine, a market turn, correction or reversal can occur by self-fulfilling prophecy for the vast number of bots or traders citing it, though it occurs nonetheless!
Where traders falter is in their understanding of what divergence or Price-Indicator disagreement produces in a market or “should” produce in a trader’s opinion. Some traders will swear divergence, produced on some timeframe, failed because in the traders’ disappointment the price pull-back was not great enough or was not sustained, or not as anticipated.
Word to fundamentalist investors: “Don’t go kicking against the goads.” Learn to read Divergence tells with Waves and proper Timeframes.
So, euphemisms suggesting the market is random or trading is gambling are created by those who are disconcerted — erroneous assertions based in frustration (been there) and relative ignorance (been there too 😏) of how and why a market behaves as it does. But trading with rules and a method… is a blast!
So, I encourage the reader to be intentional and continue your journey through the wonderful world of Swing Trading — the slickest business freely available to practically anyone. If you have any questions on the subject, I’d be happy to field them. Til then, Ciao!
Thank you all for reading this article. I appreciate every one of you and especially your comments, but also your visits and claps. :o)
I would appreciate your support if you found this blog post helpful or enjoyable. If you’re willing, you can show your appreciation and buy me a coffee ☕️.
Otherwise my advice is free. I trade full time. If you have an interest in Trading for Income please don’t hesitate to ask questions. There are no silly or dumb questions. You’re also welcome to poke around Whooph.com
Writer’s Own Account Showing Consistency of Swing Trade Income
Writer’s Image depicting How to Time Your BUY in any Trend or Swing
Figure 2 — Author’s Trade Account — Disagreement Example
Up or down market, I do this daily or often as I’m able. Trading with a method, fabricating income out of thin air. Understandably 70–80% of “traders” who DID NOT do this, failed and quit. But Whooph follows the well known proverb: “…a wise man gathers wealth gradually”
Writer’s Own Account Showing Consistency of Swing Trade Income
Figure 2 — Author’s Trade Account — Disagreement Example
Writer’s Image depicting How to Time Your BUY in any Trend or Swing
Fibonacci Ratios and Price Retracement Fib Ratio Level Calculation Example
Image provided by Author via Premium License FREEP!K
Image provided by Author via Premium License FREEP!K
Fibonacci Ratios and Price Retracement Fib Ratio Level Calculation Example
And… Pay What You Want
Contacts
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