Multiple time frames analysis can be overwhelming for some. In one frame, we are in an uptrend. In another, a downtrend. This sometimes causes people to freeze up with an overload of information. It doesn’t have to be that way. You can keep things very simple. When you talk about higher frames, you are talking… read more
Trading Tips Blog
So You Wanna Make Some Money?
I had a couple of conversations with two different traders recently which left me feeling a little concerned. Both were not achieving the level of results they hoped they would. I quizzed them about various aspects of their trading and a single aspect stood out with both. “Why do you trade?” I asked them both.… read more
Sim Trading Pitfall
When I get emails about positive sim trades and then negative live trading, it makes me wonder about the validity of sim trading. Once I wonder about the validity, I realize that it is extremely important and it is not sim trading that is the problem. It is and always will be you. Trading is… read more
The Dangers of “SHOULD”
Yesterday (6/6/13) was a sizable day for the US stock index futures but it certainly was not abnormally so. After starting out looking like they wanted to explore higher, they dropped back down on news and it looked very much like they ‘wanted’ to close the RTH session gap which was still open, having been… read more
Oh Lord, Why Are Levels So Misunderstood?
It was early in my career and a new but experienced trader had recently joined my firm. He was fairly forthright in his opinions when it came to trading and to me, it seemed like he was determined to make his mark at the company. So when one day he proclaimed “there’s no such thing… read more
Understand The Picture
One thing that I learned about doing renovations was that you must have the bigger picture. You must know the setup of the home as well as any major support beams and load bearing walls. Failing to see the bigger picture can have you taking out an imporant piece of structure and making the home… read more
Trading Apple (AAPL) Computer – Apple Does it Again
I wrote this article in the fall and will update current price action at the end. As you know, Apple has taken a little bit of a beating and is not following the S &P at least not yet. Well, I guess next week I will have to head to my local mall and shell… read more
Leave It On The Table
If you enter the trading arena, it is only a matter of time before every psychological issue related to trading will rear its ugly head. Make no mistake that with few exceptions, the psychological aspects are what do most traders in. Sure, people go through life in the normal day to day routine and think… read more
Only 7 In Your Clip
Ever watch those cop shows where they run low on bullets? In the middle of a firefight, one of them is down to a clip of slugs. It happens in war movies as well. What is the advice given? Pick your shots and skip the rest. This simply means don’t shoot aimlessly but have your… read more
Makes Little Difference
For many wannabe traders, the search never ends. They are always on the hunt for the next big thing, big system, best method, best indicator and most of all, best guru. IF they can find that elusive grail such as a trading coach willing to share success, they know they will reach their goal. There… read more
