DayTrading with Anni: A Blog about Stock Trading & Life: Small Studies for Trading and Life

Tuesday, August 26, 2014

Small Studies for Trading and Life - $AAPL

*****When trend lines and channels get hit, it's a signal to watch for a reversal. It may reverse for only a couple of days or it may head for the bottom of the channel. Therefore it's important for a trader to mark those support lines and heed them.

Happy Trading, Living and Dancing
Anni

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2 comments:

Shane said...: Hi, how did you draw the support lines? How do you determine the specific line?; August 26, 2014 at 3:33 PM
Anni_V said...: Shane, using $AAPL chart above as an example, find where the tops, hesitations occur most often over time. These tend to be your support or resistance levels where the traders may buy in for a reversal or hesitate before continued direction.
The first shows strength the second weakness of a support line.
Look at $AAPL today where the support line resulted in another new high. Hope this helps. Anni; August 27, 2014 at 11:14 AM

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Day Trading with Anni is a blog and website intended for education, entertainment and information only. The content provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All readers, traders, or investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.That said, all content is under copyright by the author.

QUOTES ON TRADING AND LIFE

Truth will never be heard, felt nor seen by those who are scared of it. 8/19/2014
Markets must quit trusting Putin and people must start trusting history. 8/15/14
In trading, as in life, insisting on being right may only result in a booby prize. 8/12/14
"Caution is a friend, Fear is an enemy" 10/21/13 Anni
Dance for yourself - If someone understands, good; if not, then no matter, just go on doing what you love ~ Louis Horst
"In Trading, when on the right side, patience is the key, but if you're not sure, patience will not serve you well." Anni 2/1/12
Rationalizing can make you blind to what is.
"The idea of unions is not a bad one until you realize that it fosters dependence on those who wish to control your capacity to earn and how to spend your money. 1/2012 AnniV
"Happiness is a choice not a wonderful arrangement of circumstances" Woody.G. Perry's NYE 2011
"For myself I am an optimist - it does not seem to be much use being anything else." - Sir Winston Churchill
When looking at a country look to the success of it's middle class not the richest of its citizens. Twitter post by Anni 8/24/2011
"In trading, as in life, strength comes from knowing oneself." 7/15/2011
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"Music is the true International Reserve Currency" Matthew Brenner 5/17/2011
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One does not notice the 2x4 coming when one is staring at stars. Anni 1/3/2011
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"Some people look for dreams and dream away their lives, others have dreams yet find joy in what life brings." - AnniV 02/25/07