From my personal experience, I have found that nearly every trader who fails to earn consistent profits in the markets lacks two very important keys for trading success.

In this session, I want to provide you with a simple piece of advice, especially if you are just getting started as a trader: Beware of stock market message boards and chat rooms.

Let me teach you the basics of stock trading and provide you with real-time actionable trading ideas each day.

Let me teach you the basics of stock trading and provide you with real-time actionable trading ideas each day.

The better you understand where a stock is within this four-stage cycle, the more profitable your trading will become.

The contraction stage is easy to spot on a chart as the price appears to be locked in a downtrend setting lower highs and lower lows.

The third stage of a stock cycle is known as the distribution stage. This is a period of selling by large institutions and other smart money investors and marks the beginning of the decline of the underlying stock price.

Don’t make the mistake of chasing a stock if you miss its initial breakout. Instead, look to buy on the pullbacks.

The best swing traders spend their time looking for stocks that have just recently moved out of the accumulation stage and into the expansion stage.

In today’s session, Jerry Robinson explains the basics of the stock accumulation stage.