If you find this review helpful and are considering purchasing Trading Tickers, please consider purchasing through this affiliate link.
Another solid chapter on the basics. Good coverage of candles vs line charts, how to gauge support and resistance and risk. The risk management was very useful to me. While I keep my risk very tight I did appreciate Tim’s “method” of sizing. I “kind of” did it already but I for sure learned from his more mathematical approach of lining up support and resistance on the chart with a set dollar amount to risk. Then sizing based on that.
This risk management discussion was worth the hour spent viewing this chapter.
After that some good lessons on how to use and interpret fundamentals and a TON of content on reading Level 2 for OTC’s. Tim did a good job with the Level2 illustrations, but I’ll admit I got a little bored. I seldom trade OTC’s so it was not terribly useful to me. Plus he reinforced my view that Level2 is “almost” worthless on listed stocks. Since I normally trade listed stocks I don’t follow Level 2 like a hawk. I for sure do watch it, but take it with a grain of salt. Once OTC’s come back in vogue I think I would be more interested in this content.
A solid chapter and my favorite so far, starting to get into more intermediate to advanced topics so there is more value for me. Not trying to constantly repeat, but if you are a new trader, lots and lots of good stuff here.