BROADCASTS.com

We've heard many different approaches to trade plans over the 50 plus episodes, but today's guest gives us something quite unique. Shawn ("dimliwitti" in chat room) talks about a fourth "trend" indicator that he likes to use, and it truly has an important place within his strategy. I've been tempted to give his approach a try because it does make a whole lot of sense; however, I have not made the leap as of yet. Shawn has been around the markets for a while, so there are all sorts of ups and downs to talk about, which as always creates many experiences that we can all learn from. Notes: Shawn\u2019s grandfather managed portfolios for a living and really taught him how to manage an extensive sized portfolio. These were all longer term swing trades and had no short intraday trades. He relied heavily on fundamental analysis at this time. As time went on, Shawn recognized that there were many short term trade setups that he could recognize and the idea of quick profits really appealed to him so he tried his hand at active trading. This led to quite a sizeable loss and led him down the path to education. A very unique way that Shawn trades involves the use of fundamental analysis as a filter. He likes to find chart setups that are aligned with either a up trend in the fundamentals or a downtrend in the fundamentals. Shawn is a huge proponent of continuous education. He has already mapped out the path of what he is choosing to learn. Building upon what you already know is absolutely critical because the market is ever evolving. The moment you decide you have it all figured out will be the moment in which your performance begins to slip. Quotes: \u201cMy wife calms me down a lot with her good, conservative view of investing. It has saved me a number of times.\u201d tweet this quote \u201cI didn\u2019t have all the tools yet. I latched into using trailing stops but that assumed I would be winning in the first place.\u201d tweet this quote \u201cI got in this trade by shorting in the last minute. I was watching a lot of silly people buying in so I shorted at the highest point I could.\u201d tweet this quote \u201cI have losing days. We all do. It happens. I\u2019m not saying I\u2019m an angel. Sometimes those voices takeover.\u201d tweet this quote