Hi, my name is Michael Niss. I've been trading for more than five years. I find trading really interesting as it combines logic, discipline, psychology, etc.
I've decided to start this site because I wanted to combine some very important elements of trading in a logical and coherent way.
Apart from that, in my quest for more informed and profitable trades, I've devised two unique tools:
Let's start with these two tools:
Market Strength Index - It measures the Strength of various Indexes and Sectors.
Strength Ranking System - It ranks the Strength of securities included in eight major Indexes.
The above tools help me gauge the Market's Bullish Strength or lack thereof and so make more informed decisions.
Before I trade, however, I also use:
Context Technical Analysis.
The MACD as a momentum indicator
Money Flow Index as a volume indicator
Relative Strength, to make sure the security outperforms
And finally, perhaps the most important tool, Money & Rist Management. Money & Risk management tells us when to buy, when to put our first stop loss and how many units to buy, to keep our risk to a predefined amount