BullCharts - Getting
How to use BullCharts?
Also see the basic Getting
Started - Introduction to the product.
Here is a useful list
of the Next Steps to
help you get going with using
You are here
: Share Market Toolbox
Getting Started #6 - How to use BullCha
: Getting Started
#2 - Watchlists, Chart layout, time periods
Started #3 - Scans (market filters)
Started #4 - Indicators, Templates, Workspaces
#5 - More about indicators and BullScript
Started #6 - How to use BullCharts
, TradeSim (for
How to use BullCharts?
The information below assumes some
knowledge of charting tools, and the markets, and should be easy for
experienced traders and investors to follow. Even so, there are links
to relevant other information to help everyone understand the detail.
(Any items marked "BC-xx-yyy" are some of Robert's pdf Articles in the
public area of the Share Market Toolbox, some of which are free, and
others are available only to Share
Market Toolbox Members).
Note: Some of Brainy's Articles that might be listed above are publicly
available, but many
are only available to Toolbox Members.
- Set up your watchlist(s) -
The first step is to create one
or more watchlists.
Each watchlist will be a list of stocks that are
somehow related. You might have one watchlist that is your current
shareholdings, so you can easily and quickly review their price charts
at any time. Another watchlist might be a list of stocks that you are
currently "watching" with a view to possibly buying in the short term.
- What is
your "universe" of stocks? -
as a part of your strategy whether you will potentially trade/invest in
the stocks from one index (or several indexes), of only so-called "liquid"
or some sort of collection of stocks. If there is one watchlist, or one
index, that will be your universe of stocks, that that can be set to be
your "Default Scan Group". Or you can manually set up a watchlist that
comprises your total universe of stocks.
- Scan the market for investment candidates - Use the BullScan feature to scan for stocks that meet your selection criteria.
- Position Sizing - Use the BullCharts Trade Planner tool to factor in sound risk management (eg. the 2 percent rule), to optimise the position size. See a 6 minute video The Trade Planner.
The information presented herein
opinions of the web page content owner, and
are not recommendations or
endorsements of any product, method, strategy, etc.
For financial advice, a professional and licensed financial advisor
should be engaged.
Copyright 2014, R.B.Brain
- Consulting (ABN: 52 791 744 975).
Last revised: 21 March, 2014.