MarketBeat Podcast: Produdtion Line Trading, How it Can Work For You – Entrepreneur

This week, Kate sits down with stock trader Phil Newton, who outlines his swing-trading process using moving averages, and explains why he likes to keep his process simple. He also explains why he ignores news events, preferring to focus just on the charts.

MarketBeat.com – MarketBeat

-Why Phil is agnostic to economic news, the Federal Reserve, and fundamental factors, and focuses on technicals

-How Phil looks for certain levels on the charts

-What moving averages Phil uses as his frame of reference

-Why having opinions on the market could actually be detrimental to your trading

-Why Phil believes news just speeds up what was already happening with a stock

-What is Phil’s screening process? What characteristics is he looking for?

-Why is a well-known liquid, large-cap stock not a good fit for Phil’s strategy?

-How Phil minimizes the stress  time-consuming nature of trading

-Why Phil works from a small basket of stocks in a watch list and is patient waiting for the setup

-Why Phil is bullish on the energy sector at the moment

-How Phil uses moving averages and trend lines in a very specific way

-Why Phil uses options instead of going long stock

-Why does using options rather than stops gives a trader more time for a thesis to play out

-Why it’s important to keep your portfolio size limited

-Why traders can masker the skill of options trading

Stocks mentioned in this episode:

LNG  – Cheshire Energy

PEP – PepsiCo

HAL – Halliburton

PXD – Pioneer Natural Resources

AAPL – Apple

How to access Phil’s chart setups:

ProductionLineTrading.com

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