-The Chart Guys Present-

Technical Analysis Tips

Community Sourced Tips from Actual Traders

TABLE OF CONTENTS

1Introduction

4Getting Started

7Technical Analysis

10Trader Advice

15Join The Community

Introduction

• As The Chart Guys community has grown, we have compiled tips, advice, and other tid-bits that members have

contributed along the way.

• This free information is being shared so that traders can have important

reminders, from other’s experiences, available at their finger tips.

Tips for Getting Started

CHAPTER ONE

Getting StartedStudy, prepare, and learn from

successes and mistakes.

1. As traders we should seek each day to master some weakness of yesterday; to surpass ourselves and constantly

strive to improve.

2. The stock market is made up of cycles of the human behavior that causes overreactions in both directions. Take the emotion out of trading by utilizing technical analysis.

3. Do NOT risk more than you are able to lose... we ARE gambling. That being said technical analysis can tilt the odds

in our favor, just as counting cards does in blackjack.

4. Paper trade to establish confidence and experience. You would not go to Vegas and sit at t a real money table

learning how to play poker for the first time. So why would you play with real money in the stock market as you learn?

5. Do not follow the herd… stay 1 step ahead of the herd.

6. Utilize the internet! There are vast amounts of free information to help inform traders. Blogs, videos, articles, find the method that fits your learning style and study it.

Getting StartedStudy, prepare, and learn from

successes and mistakes.7. Trading is a marathon life skill to have. Having confidence in

trading to know that retirement does not mean the end of income is very empowering.

8. It is important to have no problem saying "shoot! Missed that move, on to the next play" and NOT "shoot! Missed

that move, maybe I can get in still.”

9. The ideal trader can scale back trades during times of indecision and be MUCH more picky, even skipping days if needed... and then when opportunity presents itself, strike

often to capitalize on it.

10. Successful traders focus on a well thought plan not the money. The money will follow and reward discipline of well

implemented plan.

11. A trader should look at a chart for what it is, and not for what he wants it to be… eliminate any bias.

12. Every voluntary action in our lives seamlessly involves practice. If we truly desire to be proficient in something, we will practice until we have mastered it. Trading stocks is no different. Whether you are new to

trading or a skilled trader, you should make practice a part of your routine.

Technical Analysis Tips

CHAPTER TWO

Technical AnalysisImplement a trading PLAN

based on the charts

1. Important chart time frames to check: weekly, daily, 60 min, 30, 15, 5 min.

2. The more days factored into a moving average, the stronger the support or resistance (for example MA(200) is generally

stronger than MA(10)).

3. Always look at dollar volume and not just shares traded. 1 million shares at $10 is less dollar volume than 400k of a

$30 stock.

4. When picking a stock to trade volume needs to be a consideration* I look for a stock with somewhat

considerable volume. If you see a stock up 20% on 200 shares then look the other way.

5. when playing a bounce I like to look at the "quality of bounce" by looking at the volume at the time of the

bounce, the more volume the better.

6. Often times a volume climax at the top or bottom of a trend can signal the start of a reversal.

Technical AnalysisImplement a trading PLAN

based on the charts

7. Do not enter a bullish trade for a stock with an RSI over 70 or a bearish trade with the RSI under 30 on the 5 minute

timeframe.

8. The amount of movement that can occur on a bounce before encountering MA resistance should always be

factored in (Risk Vs. Reward).

9. Bullish plays are entered either at key supports or when a key resistance break. Bearish plays are entered when a key

support breaks, or a rejection from a key resistance.

10. Resistances/supports are Moving averages, previous price levels, or psychological round numbers.

11. The double top and the double bottom are strong reversal patterns. The double top is a pattern that is found at the

end of a bullish move. This pattern forms when price attempts to break through a resistance level twice. On both occasions, the resistant level holds, signaling strong bearish

resistance.

12. Each trade should have a PLAN. That is, an entry level, and exit target, and a stop loss. This will eliminate stress and

having to make decisions in the heat of the moment.

Advice From Traders

CHAPTER THREE

Advice From Traders

Experience can Provide the Hardest Learned Lessons

1. We look for the best possible entries, examine our strategy and enter our positions with a level head and a clear plan. We set a stop loss because we accept the fact

that we cannot predict the market but we can use charts to show likely scenarios. If we are correct we move our stops up to protect our hard earned money. If the market turns

and we find ourselves in a learning experience we can walk away with a break even trade and come out more prepared for the future. If we were right we stay humble and look for

the next opportunity.

2. Do not hesitate to call it a day if you like your morning gains. My win % was always much greater in the first few hours. I

often gave back gains in the afternoon.

3. Considering if you should take profit? If you are happy with the current profit… Take it!

4. Draw on your charts! Many times I see lines drawn weeks prior

that end up being in play as support and resistance levels long after I have forgotten about them.

5. Watch for sector leaders to make a move and then find the laggards in the same sector and play them

in the same direction.

Advice From Traders

Experience can Provide the Hardest Learned Lessons

6. Reminder: If you place a trade and do not place a stop loss, you should feel uncomfortable and think "I am doing

something wrong“

7. In regard to protecting capital and avoiding losses, it may make sense to drag your stop loss to breakeven when you can and then up as you go. Keep in mind there may very

well be some slippage when the stop is executed, but this method may help protect your capital and take some of the

emotion out of it. For example, we know that during an uptrend, if a lower low is set, the trend will either

consolidate or go lower. So place your stop at the spot where the trend reverses.

8. Many times I place a bid and while waiting to get filled I will fill out my stop loss order so I can enter it seconds after I am

filled.

9. As a stock goes higher increase your stop loss to lock in profits.

10. A caveat is to look at support levels and perhaps readjust for beginning of day action so as to not get stopped out (but

increases risk of less profit).

Advice From Traders

Experience can Provide the Hardest Learned Lessons

12. Once you sell don't look back. It doesn't matter what happens after you hit the sell order, focus on planning your

next trade.

13. If you find yourself 'hoping' for a price movement, you are making a mistake. Proper trades are planned, executed,

and are either successful or stopped out.

14. Trying to get in "early" substantially increases the risk of any trade with a negligible impact on reward.

15. Read a stock’s chart fresh each day. What you thought yesterday has no bearing on today.

Any profit is better than no profit.

16. Don't chase. There are always new opportunities.

17. The trend is your friend.

18. The market rewards discipline not greed.

Advice From Traders

Experience can Provide the Hardest Learned Lessons

17. Look at the overall market when planning trades

18. There are two sides to every trade, someone always loses.

19. Cash is a position.

20. If you are in doubt, sell half of your position.

21. Always do a post-analysis of your stock market trades so that you can learn from your successes and mistakes. I learn

more from my mistakes. Then if you're not sure of what you're doing seek out guidance.

Options 101 from my 100k loss experience .22. Less trades for small accounts otherwise commission will eat your account. Only 5 trades in the month can make you

more money than 1000 trades a month.23. Don't buy way out of the money options for high flyers

because they are cheap. It will eat your portfolio.24. If you are buying out of the money option for longer

duration have an exit plan. If the stock is not going in your direction for first 2-3 days EXIT the options.

25. Only choosing one direction options are the most dangerous. Make sure you know all different option strategy

like Butterfly, iron condor , spreads.

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