Week 1

                                     Just because it is the weekend doesn't mean that a trader's work is done!

Monday19th August 2019  
 
Buy Estee Lauder Companies, Inc (EL) 
Sell Weibo Corporation (WB) 

Remember not to follow these trade setups blindly I am in no way responsible for any losses that my occur.

Tips for trading.

You should never follow setups without knowing what you are doing. It doesn’t matter who gave you the setup. Remember it’s your money! Who else but you is going to care about your money? I am always both surprised and shocked at people on forums and trading sites when they are asking what they should buy or sell. Why are you investing or trading in the stock market when you don’t know what to do?

I practiced my trading system on a paper trading account for three months, during that time I made a lot of changes to make a simple trading plan that I could easily use whenever I wanted. Because of this experience of practice trading I knew exactly what I had to do on a live account I know when to enter the trade and when to exit the trade. And believe it or not more importantly when not to take a trade.

If you find a trading system/plan that you are interested in, then PRACTICE that trading system for a least two months. If you can be profitable trading on a practice account then you can be profitable trading on a live account. I know you want to make money right now but right now means you will lose money!

I will keep the trades updated on Monday if I entered or not. Where I entered, where I placed the Stop Loss and Take Profit and how much I took or lost from the trade. Yes, if I lose I will still post the result because trading is about the long run and what can be learned from the losses.

Thanks for reading my Blog. 
Paul Davids