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There are as many trading styles as there are investors and each appeal to different personalities and risk tolerance. Some trade large amounts of capital in mere seconds, others take a big picture approach using years as their time frame. Some are day traders, spending all their time glued to the computer screen while the markets are open. Others hand their hard earned capital over to complete strangers that they believe are experts and care about their money. Believe me, no one cares more about your money than you do.
Here at Trade Like Mike, we recommend a more balanced approach: where you take charge of your financial future by managing your own account with a properly diversified trading strategy using the best available products over a correct time frame that will fit your busy schedule.
This is why at Trade Like Mike we use technical analysis to cut the heart out of medium and long term trends. By trading six different positions in six independent markets both long and short, it is easy to see why this approach yields such large returns. We apply our technical analysis to the market each day to identify specific support and resistance levels, blended with moving averages, triggered by price action governed by our specific rules to generate entry and exit signals.
A daily analysis of each of the six markets, as well as all entry and exit signals, stops and contingent orders will be sent to your electronic device each day after close of trading. This will allow you to manage your own account at home, after hours, and enter your position changes online with contingent orders that will be executed when the markets open the next trading session.
This is a trading style that can be adapted to your busy life style. It is not so fast that it requires you to sit at your computer screen all day and it is not so slow that you feel that you will never meet your financial goals. It allows you to take charge of your financial future at a manageable pace of only a few minutes per day.
This is not a get rich quick scheme, but it is a get rich over time, with disciplined trading and proper money management system that you will love.