The Most Important Step in Trading

There are two things I love most about my trading style… [Jeff Clark's Market Minute]( The Most Important Step in Trading By Imre Gams, analyst, Market Minute There are two things I love most about my trading style. First, I’m able to apply my methodology to any market. It doesn’t matter if I want to trade stocks, currencies, or commodities. My approach remains the exact same. Recommended Link [“One-Stock Millionaire” IGNORES 99.9% of the Market]( [image]( During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret. Jeff politely said no. And now, years later, Jeff is back to finally bring this secret into the light. …Revealing how anyone can collect huge gains in just 8 days… in bullish AND bearish markets! And why you need to IGNORE 99.9% of the market, instead focusing on only ONE stock. [(ticker revealed here)]( Jeff says: “I am tired of watching as investors lose their shirts buying risky assets… even my OWN SON lost -60% in crypto & tech stocks… now I’m going to give him a [“Financial Intervention”]( to help him win his account back in 2023!” [Click Here to Watch Jeff Demonstrate This ONE Stock Secret.]( -- Second, my method is incredibly simple. I don’t rely on a great number of technical indicators. And my charts are clean and easy to understand. Trading is difficult enough without having to complicate your analysis. Making money from a trade is a very different skillset from reading the market. Of course, it’s difficult to do one without the other. That’s why today, I’m going to show you how I break down a price chart in the simplest terms possible. You’ll see how quickly I like to shift gears from analyzing a market to putting together an actionable trading plan. Let’s look at a chart of Expeditors International of Washington (EXPD) below so I can show you what I mean. [(Click here to expand image)]( This chart doesn’t have any special indicators or chart patterns. We’re looking purely at this stock’s price action to determine how to trade it. The best trades are the ones taken in line with the greater underlying trend. That’s why my first step is to always identify whether the trend is up or down. The simplest definition of a trend is a series of highs and lows moving together. As you can see, between late 2021 and October 2022 EXPD has been in a downtrend. This is confirmed by the series of lower lows and lower highs. In November 2022, however, EXPD broke the downtrend and went on to make a new higher high. This was an incredibly important development. Breaking the previous downtrend puts me on alert to look for chart patterns that would lead the market higher. The actual trigger for me to get into a trade could be a bull flag, a falling wedge, a moving-average crossover, or any other number of setups. I don’t particularly care what kind of setup the market will provide. I just know that what I’m looking for is a reason to go long this stock. That means I’m not looking to buy puts on EXPD. Remember, I want to trade in line with the larger trend. So long as the market continues to put in higher lows and higher highs, that trend is to the upside. Right now, I don’t see a clear chart pattern that would give me the green light to trade this market. But I’ll continue to keep a close eye on this stock in case one materializes. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. It’ll be a really fun case study if we can follow along this stock’s action together. For now, just remember that identifying the trend is the most important step for any technical trader. There’s no need to overcomplicate things. Just look for that series of highs and lows moving together. Happy trading, Imre Gams READER MAILBAG Would you like to see more case studies like this? Are there any particular stocks you’d like me to review? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [“Shadow CIA” Insider Releases Tell-All Book on the End of the World]( This is how the world will end. According to best-selling author, Peter Zeihan, massive changes are brewing which could turn the world as we know it – and the financial markets – upside down. His latest prediction is so important… We’ve reached out to him and secured a copy of his latest book for you, at a huge discount. For details on what he’s predicting now – and how to claim your discounted hardback copy… [Click here.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2023 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. 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