As of 12/20/2024   Indus: 42,840 +498.02 +1.2%     Trans: 15,892 +32.54 +0.2%     Utils: 986 +14.76 +1.5%     Nasdaq: 19,573 +199.83 +1.0%     S&P 500: 5,931 +63.77 +1.1%	YTD  +13.7%   0.0%    +11.9%    +30.4%    +24.3%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,100 or 17,700 by 01/01/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

As of 12/20/2024   Indus: 42,840 +498.02 +1.2%     Trans: 15,892 +32.54 +0.2%     Utils: 986 +14.76 +1.5%     Nasdaq: 19,573 +199.83 +1.0%     S&P 500: 5,931 +63.77 +1.1%	YTD  +13.7%   0.0%    +11.9%    +30.4%    +24.3%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,100 or 17,700 by 01/01/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

Bulkowski's Trading Class/Help

Updated 1/29/21.

My book, Trading Basics, 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.

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

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Other

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21. Fraud. What are the warning signs and whom do you contact?
22. Indicators
23. Measure Rule
24. Pattern Rank
25. Trading Spreadsheet
26. My Trading Notebook
27. My Trades

-- Thomas Bulkowski

See Also

• Visit the visual chart pattern index to hunt for other chart patterns.
• The alphabetical chart pattern index covers more topics than the visual index.
• What do you know about event patterns?
• If you prefer candlesticks, then visit over 100 of them in the alphabetical index.
• Click to view the visual candlestick index to make identification easier.

The advantage of exercising every day is that you die healthier.