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I have noticed an AMAZING amount of students placing trades that go wrong and if they might have done what I call "A ROUND ROBIN" it likely could have prevented the cost. I would like to share with you what I do inside my "ROUND ROBIN" before entering a fresh trade or choosing to exit a preexisting trade: 1. I prefer to appear at both Micro and Macro (short-term and long-term) views in the stock. Sometimes if I am planning to enter or exit a short-term trade it truly makes a major difference to have out from the intra-day chart (micro-view) and go look with the bigger picture. I open a one month or longer chart (macro-view) to start to find out the longer term trend. This sounds very simple and it is but also for some reason inside the heat from the decision we feel so pressured that individuals often forget to require a look with the big picture. It is hard to understand the forest through the trees so in the wedding you are considering intra-day charts do yourself a favor and check exactly what the actual trend is by looking with the daily charts too. I Just have seen a number of people buy calls with a double top in a very down trending market and I am just amazed at their decision. It seems like these people are expecting the stock to defy the laws of gravity and principles of physics (what goes up comes home down; what goes down usually goes up). If they'd done a "Round Robin" they might have been more unlikely to produce this kind of self destructive high risk decision. 2. I want to confirm my decision with other indicators. For an intra-day view I like the TRIN and also the TICK. since I trade mostly NASDAQ stocks I use $NASTRIN and $NASTICK. These inform me some extremely important things: TRIN: It can be a short term trading indicator. Essentially this indicator is achieved by taking the advances to declines spread and dividing that with the volume of advances to declines*. $1 or maybe more BEARISH $.80 to $1 NEUTRAL meaning it implies absolutely nothing to me $.80 or Lower BULLISH *If you might be a technically minded person you'll have the ability to calculate this indicator. It is really a ratio calculated as follows. Using Nasdaq Index complete this formula: ((# of advancing issues # of declining issues) (Total up volume Total down volume)). TICK: Gives me a thought if we're heading up or down in the short term*. 200+ BULLISH + 200 to - 200 NEUTRAL ZONE 200- BEARISH *If you're a technically minded person you are able to calculate the TICK indicator by subtracting the variety of stocks heading down from the quantity of stocks heading up. COMPARE TRIN & TICK: At first look realize that both indicators are contrarians of every other. Which signifies that to become Bullish the TRIN will be moving lower and also the TICK will likely be moving higher. To be Bearish the TRIN will likely be moving higher along with the TICK will be moving lower. On the TICK I like to get support and resistance & look advertising being a stock to determine if your indicator is taking or up in a given moment. It may be the movement and direction of the movement that indicates the strength with the direction. NOTE: I teach more more information on this during my QQQ class 3. then I like to check in the market the stock follows and confirm how the market is doing what the stock is performing (both are headed up or down). The only exception is if news is causing my stock to visit opposite in the market then I discount industry direction. To uncover what market your stock actually follows overlay the marketplace you think that it follows in your stock (in the identical chart). In my charting program (Trade Navigator) you only press "C" and it will overlay it at the top of the stock chart. You are able to double click around the market ticker symbol to get rid of it from your chart. Some stocks do not follow the market these are in. For example KKD used to adhere to the opposite with the NASDAQ and not the NYSE (if the NASDAQ was rising KKD can be moving down). MSFT is listed on the DOW JONES 30 as well as the NASDAQ 100 however it tends to follow along with the NASDAQ more. 4. I now think back at the micro view of stock to confirm my decision before I jump in or out of an trade. It is definitely a fantastic idea to check on the news too. And always understand the earnings date of your stock when you enter a trade. ROUND ROBIN VIEW: I always perform "ROUND ROBIN". It can sure save you making a bad trade and entering or exiting to soon or far too late a top percentage of the time. It is always best to visit with all the trend by having an exception of performing a eventually trade in places you hope being in and out in the same day. In that case you're playing support and resistance for the day and you can go up against the longer-term trend during that time. You might consider utilising different views anyway. You could use 1-min 5-min and 1-hour charts. If you've got taken my QQQ class remember to use the "Pivot Point" information inside your decisions - it is going to prove being invaluable particularly for temporary trades. Once you return on the MICRO View you will have completed the "Round Robin" process. It only takes several moments when you've got practiced and it's a quick strategy to check what's happening. The time you spend doing the "Round Robin" is going to be spent well because in the tremendous information and making decisions value. If you'd like to find out much more about my trading philosophy I invite one to attend my trading workshops face-to-face or participate within my free online trading seminars. Happy Trading... and by the way don't forget to check out tonight's online web class "UPCOMING POWER PROFIT PLAYS" in which you will probably be spoon fed the hottest trades available. Happy Trading Darlene with BetterTrades

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