Easiest Stock Investing Tool For Beginners (Repost of Ep 83)

Market Adventures: The Journey to Financial Freedom

[ATTENTION] My family was the victim of an attack recently and I wasn't able to publish a new episode. This is a repost of a popular episode a few months back while we sort things out with law enforcement. Thankfully everyone is okay. Keep us in your thoughts! All love

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In this episode, I discussed how to use the easiest stock investing tool for new traders (more info below). Remember, as you begin searching for answers to life’s challenges, don’t seek security, seek adventure

Welcome to the Market Adventures Podcast where I believe everyone should be able to participate and secure their future using the stock market – so I build simplified content to empower and enrich everyone. My name is Alex Cunningham and we live in a society where financial education is not prioritized. Because of this, I’ve decided to document my journey to creating financial freedom through the stock market for my family and teaching you to do the same.

Financial freedom can mean something different for each of us and, not surprisingly, there are many different vehicles one can use to get there. It's important to understand who you are and what you want when deciding which vehicle is right for you. The stock market is a great vehicle for those who want freedom from the physical and social burdens of traditional business.

In this episode, you'll hear how to utilize this tool to identify potential price patterns on a chart using technical analysis.

Hosted By: Alex Cunningham

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Simplest technical tool there is

Line, overlaid on the graph connecting the highest peaks or lowest bottoms of price action

Ascending trendline or descending

The idea: if price breaks above or below the line, a potential change in trend is signaled

Validity

Must connect 2 or more peaks or bottoms. More lines of “contact” the stronger the line (and emotional signature for traders actions)

Connecting the close of bars, not the wicks (extremes)

Indicates points traders were willing to hold their positions vs extremes that didn’t hold

Length = strength

Change in trend signal doesn’t mean to act, merely an indication to monitor price action

May be a complete reversal, consolidation (sideways) or become more aggressive (steeper trends harder to maintain)

Pro-tips:

volume provides a clue to strength of trendline violation

A break with low volume indicates less enthusiasm among traders and potential false breakout, or whipsaw

Extended trendlines: can extend line out past current time period to anticipate movement (not guaranteed though)

Support becomes resistance

Forming channels when possible (trend line above and below a trend)

Potential to trade in-between channel and spot exhaustion at support for reversals

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