Tradedragon School reveals the trading methods and strategies that are used by tradedragon http://tradedragon.blogspot.com/.
Tradedragon Fund was incepted on February 2009 and it has appreciated by about 1000% to date as Tradedragon managed to capture the enormous gains by the Financials rebound from Mar 09 to Sep 09, followed by the Commodities rally from Aug 09 to Jan 10.
Tradedragon only trades US stocks as these equities are liquid and safer than FOREX. The Fund manager has traded FOREX from 2008 to 2009 with minute success, the FOREX fund has been closed, and all proceeds went to Tradedragon Fund. In this school, it shall be revealed why Tradedragon only trade US stocks.
Tradedragon blog went live on February 2010 in order to share the success of the Fund to aspiring traders who are keen to profit from the US stock market. The blog has an average of 200 daily readers and it is reaching out to more traders each day. Tradedragon blog is free, there is no intention by the Fund manager to charge any fees. Tradedragon Fund manager is a business student studying Finance at NYU Business School. The manager enjoys posting his opinions online as a means to be criticized and to make better informed trading decisions. By posting online, the manager feels that he is being more diligent. In fact, Tradedragon Fund has been doing better ever since the inception of Tradedragon Blog.
Tradedragon School is a means for the manager to fully understand his trading techniques, and to accept constructive comments from his readers. The school will showcase Tradedragon's strategies, namely, Market Timing, Candlestick Patterns, Fibonacci, Support/Resistance + Trendlines, SFA: Simple Fundamental Analysis, Technical Indicators: Stochastics + Moving Average + Bollinger Bands + RSI
Tools Used by tradedragon
News Site: CNBC, Bloomberg
Forums: http://trademums.com/, Yahoo forum,
Stock Chart: http://www.freestockcharts.com/
Analyst Recommendations: finviz.com
Forex and Futures Chart: dailyfx.com, forex calendar
Commodities Prices: http://www.kitcometals.com/, http://www.dramexchange.com/
Random blogs: ...
Brokers: ETRADE, ZECCO, SOGOTRADE, MBtrading
tradedragon proprietary tools: DragonEye, EXCEL Tradeplanner
tradedragon Analysis
How a trade decision is made.
1. Find the Broad Market trend.
tradedragon monitors the Broad Market trend using Simple Fundamental Analysis
2. Perform Sector research.
Always be familiar with the sector of the stock that would be traded
3.Research on the stock and determine its trend
Go LONG or SHORT
4. Check DragonEye for similar chart pattern to determine entry
Determine the probability of trade success
5. Perform Technical Analysis on Broad Indexes and the stock
Fine tune an entry, maximizing profit
6. Determine amount of shares to trade using EXCEL Tradeplanner
Money management
7. Record the trade in tradedragon journal
To track accuracy of DragonEye
END OF LESSON 1
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Navigate to 2. Simple Fundamental Analysis
