The “cup and handle” is a well known but little understood price pattern that is typically a bullish formation.It got its name because it looks something like a coffee cup, with a U-shaped base and a downward trending consolidation range that looks like a handle.

Maintaining a watchlist of stocks is absolutely crucial if you want to find success in the markets.If your watchlist is getting overcrowded, don’t hesitate to split them up. I actually have several watchlists that I follow.

The goal of a trader is to make money. Plain and simple.So, you should monitor how much money you are up or down on a trade, right?Wrong!

After a shaky September for the stock market, October is off to a strong start.The S&P 500 index is up a bit more than 2% so far this month and is now only about 3% off of its all-time high set in early September.

In yesterday’s issue, I told you that when and where you sell is the single most important contributor to your success as a trader.And today, I want to explain why knowing when to buy is also extremely important.

Many folks don’t want to hear this...But there is no “holy grail” when it comes to trading.

Are we headed for a market correction?It’s possible.In fact, you could argue that a correction has been underway for several months now.