As of 05/14/2021
  Indus: 34,382 +360.68 +1.1%  
  Trans: 15,917 +215.47 +1.4%  
  Utils: 908 +2.62 +0.3%  
  Nasdaq: 13,430 +304.99 +2.3%  
  S&P 500: 4,174 +61.35 +1.5%  
YTD
 +12.3%  
 +27.3%  
 +5.0%  
 +4.2%  
 +11.1%  
  Targets    Overview: 05/14/2021  
  Up arrow35,500 or 33,000 by 06/01/2021
  Up arrow17,000 or 15,000 by 06/15/2021
  Up arrow950 or 875 by 06/01/2021
  Up arrow14,600 or 12,950 by 06/01/2021
  Up arrow4,400 or 4,000 by 06/01/2021
CPI (updated daily): Arrows on 5/13/21
As of 05/14/2021
  Indus: 34,382 +360.68 +1.1%  
  Trans: 15,917 +215.47 +1.4%  
  Utils: 908 +2.62 +0.3%  
  Nasdaq: 13,430 +304.99 +2.3%  
  S&P 500: 4,174 +61.35 +1.5%  
YTD
 +12.3%  
 +27.3%  
 +5.0%  
 +4.2%  
 +11.1%  
  Targets    Overview: 05/14/2021  
  Up arrow35,500 or 33,000 by 06/01/2021
  Up arrow17,000 or 15,000 by 06/15/2021
  Up arrow950 or 875 by 06/01/2021
  Up arrow14,600 or 12,950 by 06/01/2021
  Up arrow4,400 or 4,000 by 06/01/2021
CPI (updated daily): Arrows on 5/13/21

Bulkowski's Trading Class/Help

 

Updated 1/29/21.

My book, Trading BasicsTrading Basics: Evolution of a Trader book., pictured on the left, is the first in a series of three books that guide you through the four trading styles: buy and hold, position trading, swing, and day trading. In your trading career, you'll probably try all of those. The books are a good way to learn the ropes.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

Use a Trading Simulator

If you're serious about learning to trade using chart patterns, then download a copy of Patternz. It's a free desktop program I wrote. Install it and download a bunch of your favorite stocks (the link provides the symbols I use). Select all of them and click Simulator. Click the Patterns button and pick double bottoms as the pattern to trade. Double bottoms are plentiful and easy to spot.

Look at the chart and guess where the stock will reverse. Then click Resume and see if you're right. Use the speed control to adjust playback speed.

Do this for an hour each day. Soon, you'll develop a feel for when a chart pattern will work and when it won't. Try reproducing some of the traps and learn when patterns work and when they don't.

Maybe spend an hour in the morning and an hour in the afternoon practicing using the simulator. Don't go overboard and burn yourself out playing with it. You want to shape your brain to recognize patterns and that takes weeks.

Use the clipboard to save your trades and see if you're profitable. Keep using the simulator until you become consistently profitable then try trading with actual money.

$ $ $

I do not offer a trading course as such, but if you follow these links and read the associated information, you can learn how to recognize, trade, and perhaps make money trading chart patterns, event patterns, and candlesticks.

The quizzes are a good way to hone your skills, so try and take at least one a day. Continue down the list as your thirst for knowledge grows.

If you have problems, the trading psychology page may help. Or talk to your mom.

  1. Office setup
  2. Daily blog
  3. Quizzes
  4. Trading Styles
  5. Stop Placement
  6. Best stop locations
  7. Stop placement in straight-line price runs
  8. How to Pick Stocks
  9. Value investing
  10. Fundamental analysis
  11. Research Studies
  12. Tutorials
  13. Position sizing
  14. Trading check list
  15. Historical market review
  16. Trading setups
  17. The Kirk Report interview.
  18. Book Reviews
  19. FAQ (frequently asked questions)
  20. Trading psychology

  21. Other

  22. How to recover from a computer crash.
  23. Fraud. What are the warning signs and whom do you contact?
  24. Indicators
  25. Measure Rule
  26. Pattern Rank
  27. Trading Spreadsheet
  28. My Trading Notebook
  29. My Trades
  30. My Trading Results

-- Thomas Bulkowski

Top of page More

See Also

 

Support this site! Clicking any of the books (below) takes you to Amazon.com. If you buy ANYTHING while there, they pay for the referral.

My novels:  Bumper's Story Head's Law

Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Trading Classic Chart Patterns

Copyright © 2005-2021 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.

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