In picking the best setups to trade, there are nuances to the pattern and behavior of the stock, Index or ETF that we teach in our seminars.
Using Relative Strength and Weakness is one of those factors to increase the odds of trade success.
Relative strength refers to how strong a stock is relative to something else. This could be either how strong it is compared to the overall market or the industry group that it is in.
If it is stronger, than then we say that it has relative strength. If it is weaker, than we say that it has relative weakness.
This session will bring clarity to what confuses the majorities about the concept of Relative Strength and Relative Weakness.
Relative strength or weakness alone is not a reason to take a trade; however, combining the concept with our other checklist items ensures that you will trade the best setups with the best odds of success.
Learn:
• How to Define Relative Strength and Weakness
• How Master Trader uses Relative Strength and Weakness to trade the best Setups
• Reviewing the various methods of comparing your stock in determining strength
• How to read the messages on smaller time frames to maximize success of entry
• Watch us scan for new compelling setups with a discussion of relative strength and weakness in trading them
• This concept using Master Trader Strategies (MTS) applies to trading or investing in any Index, ETF, Currency or Commodity in any time frame
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Master Trader and You Building Your Financial Future Together!
Happy trading! If you have any questions or comments,
please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Dan Gibby
Chief Options Strategist