There is lot of non specific advice in the market

There is lot of non specific advice in the market like follow the trend , buy high sell high and many other rules. But for a new trader those things are not much of a use because it does not solve his problem of how.

How do I find strong stocks or trending stocks. How do I buy high sell high. That how is important. That is the real meat.

To go from rules or general advice to specific plan you need a specific step by step guide. Good setups provide you that. They answer the question what 4 or 5 things should I do if I am to follow your non specific advice buy higher and sell higher. They answer the question how do I calculate relative strength. How do I find precise buy points. Or what should be the volume on breakout day. In short a good setup provides you a template for trading. That is extremely valuable to a new trader.

That ability to break down a setup in to trading method is where lot of struggle is in learning to trade. It is the nuts and bolts of the trading business that are difficult. Conceptually you can get a setup by reading about it but to convert to step wise instruction for yourself is where the gap is.

Once you find your first fully developed template or design it yourself, you climb a major mountain. Because then you can create hundreds of iterations to improve on your prototype method or you can use the learning to design other setup ideas.

Let us say if you read the book on market breadth, it has lot of good ideas or concepts but it does not have tradable setup templates. How do I actually use the breadth on day to day basis is not something it provides. That leap from a setup concept to a workable setup you have to do yourself.

Market Monitor is a setup which I developed from scratch after reading about market breadth and how others were using the breadth. It has step wise how to do it. That is why you will see so many members and past members have taken that template and created their own setup around it. Same is true of STIB.

So when you are new trader or struggling trader and looking for setups look for setup template rather than non specific rules.

Reproduced from the Stockbee members site. On the members site there is more extensive discussion on these setups and how to set them up in Telechart.

Jesse Livermore new high breakout setup

Livermore Round number Pivots Setup

Jesse Livermore IPO b/o setup

Jesse Livermore 3 point range breakdown failure setup

Invest in a setup idea....

Gary Kaltbaum setup

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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