Trading Tips Blog

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

Stick To A Proven Recipe

I don’t bake. As a matter of fact, I don’t eat baked goods except birthday cake to help celebrate the day. My family has a history of using the same baker for our custom cakes since I can remember. Every time we get one, the quality and taste is just like it was before. She… read more

The Healing Trader

keltner-bells

We just received this email in from Chad who is a NetPicks Keltner Bells owner.  He does a great job I feel describing the Trader Pain cycle that we discuss in our webinars when presenting the value of the Keltner Bells trading system for forex swing trading.  See if you can relate to what Chad… read more

Be A Great Loser

In it to win it! Without question, every single person reading this is trading to be a winner. They LOVE their winners and HATE their losers. The losers empty cash from their account and prove they were wrong on a particular trade or even trade sequence. Most traders attempt to avoid losses at any cost… read more

DON’T OUTSTAY YOUR WELCOME

Whenever you take a trade, you should be looking to profit from certain market behavior: a reaction to a level, market momentum or a break out for example. Prices set the limits of our risk and potential profits, but at what point does the market behavior no longer fit with what you hope to see… read more

What Nature Can Teach

I took some time and headed out to the coast of Malibu for the beginning of May.  Not a bad way to spend the week!  One great thing about being in the trading business is you can just go.  No need to close up shop.  No need to let the employees know.  Just close all… read more

SCREEN TIME ≠ EXPERIENCE

You often hear about screen time when reading information about what it takes to become a successful trader and I agree that it does take time in order to become effective at most things. However, more important than screen time is a trader’s capacity for experience. Time in front of your screens watching the markets… read more

5 MINUTES OF MADNESS

  Fortunes can be made and lost on any given day, but especially on days like last Tuesday (aka Twitter Tuesday). Unexpected news, surprising comments from key people or way out of line economic data can all catch the markets off guard and stir up lots of volatility. You might not have seen it with… read more

Be A Risk Manager

Not a week goes by that I do not hear from a trader about the disease known as over trading. The day will be going well with the market blessing them with some quick winners. Not only quick winners but winners that barely went a tick or two against them. They traded their plan and… read more