Stock Trend Analysis - Save Time by Automating Your Trend Analysis Routine

Stock Trend Analysis - Save Time by Automating Your Trend Analysis Routine
By Travis W

Performing a stock trend analysis can be a time-consuming task. It's well worth the amount of effort, but nonetheless it takes a lot of time. I've found a way to automate the process and I never realized how much time it would save.

Another routine task that I've put on automatic pilot is finding quality stocks so I can trade their stock options. In the past I would review the Investor's Business Daily looking for companies that were in the top 1% of their industry.

This would take roughly 20 minutes or so a day. Now I have the results e-mailed to me and I just upload the symbols to my trading platform. This task alone saves me about 2 hours or more a week.

From this point, I usually would perform my daily stock trend analysis by reviewing the stock charts looking for possible trading opportunities. I am a trend trader so I trade in the general direction of the trend and I hate to waste my time looking at, or dealing with, stocks that are not trending.

Each night performing my stock chart analysis I would review 100 or so charts. Now I have someone else do the stock trend analysis, send me the results, and I only look at the charts that show promise.

So to sum things up here is what a normal trading routine would look like:

1. You first spend a lot of time researching company fundamentals in order to find a group of quality stocks. They are usually the best stocks that money can buy. The best stocks to buy usually have the most attractive stock options.
2. From this point, you do a bit of stock chart analysis and keep only the stock charts that show promise.
3. Out of the charts that you keep, you will perform stock trend analysis each night or weekend looking for potential trading opportunities.
4. After you find a potential trade you further analyze the chart and then pre-select the option that you're going to buy.
5. If things continue to go in your favor, you make the trade and then manage it effectively.

I've always been told that I should outsource, or automate, as much as my trading as possible so that I can spend my time doing the things I enjoy most, like spending time with my family.

I admit, I was a bit skeptical, but I coughed up the money and automated a few parts of my trading routine.

Here is what my automated routine looks like:

1. A list of top stocks to trade are e-mailed to me and I upload the symbols to my trading platform.
2. Each evening after the market closes, I have the trend analysis results e-mailed to me and I only look at the stock charts that show promise.
3. Once I'm alerted to a possible trade opportunity, I make the trade and sit back and wait for an e-mail or text alert signaling me that my preset criteria has been satisfied. This is both for entries and exits of my trades.

Life is great! I have so much more time on my hands and my wife is certainly happy, because the time saved is now spent cuddling with her on the sofa.

Automate Your Trading Automating parts of your trading routine is the key to a stress free way of trading. There are many free, or low cost services available to outsource your trading needs.

Due your due diligence and find a service that you can trust.

Corporate companies outsource their work so they can effectively build their business and focus on the key areas that are important to the business.

Traders should do the same.

Find someone you can trust to handle a few simple task. Once you have more free time you can spend it doing the things you enjoy most, or use the time to further advance your trading skills.

Treat your trading like a business, and it will be as profitable as a business.

I've created a video outlining how I used my trend analysis tools to open a trade. Within a few days I had a gain of $6,200. It also helped that I had a list of the absolute best stocks to buy.

"Work smarter, not harder."

Save time by having your stocks analyzed for free. Go to http://www.learn-stock-options-trading.com/stock-chart-analysis.html for more details.

Travis W. has been an avid options trader for years. His website is designed as a free web-based options trading course that provides a way for beginners to understand the complex world of options trading.

Article Source: http://EzineArticles.com/?expert=Travis_W
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Comments

[Options Trading Tony]

Great bloomin article! But where is your automation software. Whew i need some automation software or a good programmer (if i could only find a good one!) Yeah i'm behind on automation. You're right i get drained doing so many tedious things manually. Give me some resources eh? Thanks ! :)

[Trend Trader]

Tony try metastock equis.com plus they have programmers who will program systems or concepts for you for free. no i don't work for them i've just used them.

[Travis]

Thanks for stopping by. I use Marketclub's tools.

If you read the article I did provide the link, but you may have missed it.