| Performing a stock trend analysis can be a | | | | 5. If things continue to go in your favor, you make |
| time-consuming task. It's well worth the amount of | | | | the trade and then manage it effectively. |
| effort, but nonetheless it takes a lot of time. I've | | | | I've always been told that I should outsource, or |
| found a way to automate the process and I never | | | | automate, as much as my trading as possible so that |
| realized how much time it would save. | | | | I can spend my time doing the things I enjoy most, |
| Another routine task that I've put on automatic pilot | | | | like spending time with my family. |
| is finding quality stocks so I can trade their stock | | | | I admit, I was a bit skeptical, but I coughed up the |
| options. In the past I would review the Investor's | | | | money and automated a few parts of my trading |
| Business Daily looking for companies that were in the | | | | routine. |
| top 1% of their industry. | | | | Here is what my automated routine looks like: |
| This would take roughly 20 minutes or so a day. Now | | | | |
| I have the results e-mailed to me and I just upload | | | | 1. A list of top stocks to trade are e-mailed to me |
| the symbols to my trading platform. This task alone | | | | and I upload the symbols to my trading platform. |
| saves me about 2 hours or more a week. | | | | 2. Each evening after the market closes, I have the |
| From this point, I usually would perform my daily | | | | trend analysis results e-mailed to me and I only look |
| stock trend analysis by reviewing the stock charts | | | | at the stock charts that show promise. |
| looking for possible trading opportunities. I am a trend | | | | 3. Once I'm alerted to a possible trade opportunity, I |
| trader so I trade in the general direction of the trend | | | | make the trade and sit back and wait for an e-mail |
| and I hate to waste my time looking at, or dealing | | | | or text alert signaling me that my preset criteria has |
| with, stocks that are not trending. | | | | been satisfied. This is both for entries and exits of |
| Each night performing my stock chart analysis I | | | | my trades. |
| would review 100 or so charts. Now I have someone | | | | Life is great! I have so much more time on my hands |
| else do the stock trend analysis, send me the results, | | | | and my wife is certainly happy, because the time |
| and I only look at the charts that show promise. | | | | saved is now spent cuddling with her on the sofa. |
| So to sum things up here is what a normal trading | | | | Automate Your Trading Automating parts of your |
| routine would look like: | | | | trading routine is the key to a stress free way of |
| | | | trading. There are many free, or low cost services |
| 1. You first spend a lot of time researching company | | | | available to outsource your trading needs. |
| fundamentals in order to find a group of quality | | | | Due your due diligence and find a service that you |
| stocks. They are usually the best stocks that money | | | | can trust. |
| can buy. The best stocks to buy usually have the | | | | Corporate companies outsource their work so they |
| most attractive stock options. | | | | can effectively build their business and focus on the |
| 2. From this point, you do a bit of stock chart | | | | key areas that are important to the business. |
| analysis and keep only the stock charts that show | | | | Traders should do the same. |
| promise. | | | | Find someone you can trust to handle a few simple |
| 3. Out of the charts that you keep, you will perform | | | | task. Once you have more free time you can spend |
| stock trend analysis each night or weekend looking | | | | it doing the things you enjoy most, or use the time |
| for potential trading opportunities. | | | | to further advance your trading skills. |
| 4. After you find a potential trade you further | | | | Treat your trading like a business, and it will be as |
| analyze the chart and then pre-select the option that | | | | profitable as a business. |
| you're going to buy. | | | | |