What should a well defined setup tell you

You have a choice of setups to trade. Setup is complete set of conditions involved in trading a particular method.

A well defined setup will tell you :

what kind of stock or etf or instrument to buy
why
where to buy it
how much to buy
where to put stops
where to exit
what kind of profit can you expect with this kind of setup
how many trades can you expect with this setup
what overall market conditions favor this setup
When should you not trade this setup
when should you risk less or more

If you have a well defined setup idea you should be able to replicate another persons trade on your own.

If you are a beginner trader what you need most is a complete setup idea and template with detailed process flow and steps. If you find that early in your trading career it will save you time . money and frustration.

As a trader you have a big choice of setup ideas. There are hundreds of setup ideas in public domain. If you exhaustively study the books written by traders or about traders, read blogs written by traders and do some research you will come across hundreds of setup ideas.

Some of them are explained in detail and all details to trade them can be found if you dig a bit. In fact life for new trader is much easier today due to internet. Everything is available in public domain.

It is a different issue that as a beginning or struggling trader you may not even understand the importance of setup or a complete setup.

If you are a Stockbee blog reader you will see that my day in and day our focus is on trading specific setup. And if you are motivated enough and go through last six months of posts you will find all kinds of details to trade my kind of setups. It is all detailed here.

There are setup I currently trade. And all of those are detailed on this site and you will see several trading blogs trading similar or variation of those setups. Many trading blogger are Stockbee members or were members at some stage and now trade some of those setup ideas or have developed own setup.

There are setup ideas I have discussed here but do not actively trade. Does not mean those set up do not work but for practical reason I focus only on few setups. If you go through posts in sidebar you will see many examples of that. All of those setups work.

Besides the setups I trade I know of lot of them because of the Stockbee members site. There are many setups discussed by members that they trade, you will find at least 40 to 50 setup ideas traded by members discussed in detail and some share their trade real time.

there are some setup ideas that produce big winners. Episodic Pivots is one such setup idea. It finds big winners of 100% plus kind magnitude. But it trades infrequently as those kind of setups do not show up everyday. Trading a setup like EP requires you to understand that and accordingly be very selective.

Swing trading setup ideas produce frequent but small profit. The Momentum Burst kind of setups I trade is one of those kind of setup. It produces hundreds of trades. Advantage of setups like that is it allows you to profit with very little drawdown.

Setup ideas should not be a problem for you if you are a beginning trader or struggling trader. What you might find difficult to find is detailed step by step process flow to make them work. But that problem is also not a serious problem if you are motivated trader.

The problem is not lack of setup ideas. The problem is lack of skills and fluency and confidence in trading them . Setup ideas work when you spend sufficient time developing skills to trade those setups and becoming proficient at them.

If you are a new or struggling trader hunt for detailed setup ideas and templates.

Methods and philosophy

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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