trading videos

Use A Trading Indicator With Price Action

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Trading indicators as a form of technical analysis are an important part of the trading system and strategy of many traders.  Whether traders are looking for a way to determine a trend or a buy/sell signal, technical indicators are the first line of offense that they use. I know we... Read moreread more

Your Fake Motivation Will Hold You Back

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You know what people are great at?  Talk.  I know you’ve had conversations with someone who rattled on about doing this…doing that…….and they actually were pretty convincing. You know what people are not great at?  Taking action.  I’m talking about the hundreds of hours (10,000??) spent diving headfirst into accomplishing... Read moreread more

Trades of Opportunity | Spotlight Power Trader

trades of opportunity

You have a trade plan but after years of experience you learn that trades of opportunity do present themselves.  These are trades that set up outside of the parameters of your trading plan and may violate some of your rules: You have completed your “Power of Quitting” trading goals for... Read moreread more

2 Minute Crude Oil Trade – Power Of Rules

trading crude oil futures

Traders in our trade room took part in a rare Friday session trading Crude Oil futures on Friday July 7, to make up for my “fun in the sun”, earlier in the week. That brings up one of the major benefits of trading for a living:  I didn’t have to... Read moreread more

Trading The MACD Indicator Like A Pro

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One of the first indicators I ever experimented with was one developed by Gerald Appel in the late 1970s called the MACD indicator, otherwise defined as the moving average convergence divergence indicator. The MACD histogram was added in 1986. Right from the start I used it as a technical analysis tool,... Read moreread more

Worst Time To Day Trade Most Markets

WORST TIME TO DAY TRADE

One of the worst times to day trade is during the time when many traders take lunch and this is a good time for you to stand aside.  To go on further and elaborate a little on why I say this and to make the point, I wanted to focus... Read moreread more

Being Average Is Easy

average trading goals

The hard truth is that people are prone to mediocrity. They talk a good game but in the end, they fail to move forward with any plan on attaining what they dream of the most. Even worse, they tend to criticize those that have the guts to take a giant... Read moreread more

Add This Variable To Your Trade Plan

more trading profits

Let’s be honest….we would all be better day traders if we only knew when to stop trading each session. Before I discovered NetPicks,  I wound up giving back a lot of my trade profits. It actually felt worse giving back hard won profits than it did just losing outright. The... Read moreread more