Whooph Learn. Pay What You Want.
What's in a Trading Method
What are swing trading methods? What is the best book for trading income? Whooph teaches swing trading, trading for income, position size and risk control, stock trading tools, trading income, using the Whooph Trading Methods guide and ebook. Learn the versions of technical analysis that work! Charlie Whooph is a swing trade expert, trading since 1999, and trades full time. His advice is backed up with statistics, examples, actual trades, methods, and results. Whooph has analyzed over 40,000 charts for price action and Price-Indicator correlation.
TRADINGINVESTINGINCOME
Charlie Whooph
3/29/20243 min read
She lives and breathes self-imposed rules, her methods, and her dogged analysis of the equity charts.
Statistically WITH a Method
In Trading Methods — Your Odds With a Method, we conclude that with a viable method, one can succeed in the trading profession. Data from traders entering the profession during the years 2020 and 2021 suggests that at least 1 out of 5 were consistently profitable within six months. However, it also begs the question on methods, “What were the other 80% of traders doing — those who were statistically without one?”
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.
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 resolves 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.
Market tells in the equity chart can predictively warn or foretell market turns, but to “see” all of them especially in short timeframes? Citing half of them would make a trader a formidable opponent. Nevertheless, to have any chance for citing market tells one must acquire a trading method.
Otherwise, how does a trader contend with uncertainty, higher than normal volatility, price spikes, and an unexpected sell? Or an unexpected BUY! And yet it’s possible. For the trader who will not give up.
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)
“ 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, “When the markets are going up everybody is making money, Charlie.” 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.
Learn more at Whooph.com
with low cost eBooks and Blogs:
Fraud Detection
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
Contacts
charlie@whooph.com
Socials
(404) 455-1500