Use This Technique to “Channel” Your Profits

We’ve talked before about the importance of Support and Resistance when looking at a stock chart. Back in October, I called it a trader’s “Swiss Army knife” and one of my go-to technical indicators. And we touched on it briefly again last week when I told you about Japanese candlestick charts.

Needless to say, Support and Resistance come up a lot when during the normal course of trading. They are incredibly important indicators of where a stock price might (or might not) be headed.

Today, we’re going to take a look at another way you can use Support and Resistance to identify potentially profitable options trades.

Let’s get to it…

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How to Survive the Markets Without Stop-Loss Orders

The New York Stock Exchange recently announced that it will no longer accept stop orders (including stop-loss and stop limit orders) beginning February 26, 2016. That’s on the heels of similar announcements from NASDAQ and BATS.

That means that the three of the biggest exchanges in the country now no longer allow investors to place stop orders on their trades.

While some brokerage houses are likely to keep them intact to attract retail investors, they will be executed internally rather than on the major exchanges.

Stops were designed to help investors limit their downside risk and protect their profits. They allowed investors to go about their lives with a failsafe in place in the event they were not in front of their trading screens to manage their positions – which, for individual investors like you, is most of the time.

So what are you – the average retail investor – to do?  How are you supposed to protect your capital and your profits? Let me offer you a few considerations that will help you (and the capital in your account) survive this move by the major exchanges.

Let’s get started…

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