Basic Trading Strategies

Last updated on November 4th, 2019 If you’ve ever seen the movie “Trading Places”, you’ve seen how crazy it can be trading in the pits.  A lot of yelling, screaming, and hand gestures with everyone trying to get the price they’ve been waiting for. The modern trader of today uses... Read more… read more

When a person first decides they want to be a professional trader, rarely do they ask just how this is likely to happen. Usually they are too busy counting their imaginary money in their imaginary mansion to be concerned by this minor detail! Even in the face of widely available... Read more… read more

Every trader needs an exit strategy thought out before they actually enter on their trading setups.  For day trades, even an “exit before market close”, while basic, still has you with a plan for ending the trade. Without a trading exit being part of your overall trading strategy, you are... Read more… read more

Trading is accessible to anybody with internet, money, and a computer any time during the day. That is one thing that lures people to trading for a living because your schedule can be what you choose. Once they have put together a trading plan and back-tested their trading strategy, they... Read more… read more

There are a lot of pitfalls in trading and it is only a matter of time before one of them starts to challenge you in ways you could not imagine. Traders often hear about trading psychology and how important it is to understand how issues with psychology can influence your... Read more… read more

When day traders hear the closing bell, it may be tempting to shut things down and then move on with the rest of your day. But is this really the best thing to do or is there something you can do to improve your trading like logging in your trading journal?... Read more… read more

A part to sore losing in trading is loss aversion. This is part of human nature and trading really brings it out in all its glory. When we have a good trading system and it takes a series of losses, it’s easy for this to come out. Not only does... Read more… read more

The principles that are used with A.A. can be applied to help traders who are struggling. These principles can help traders avoid falling back into the habits that have prevented them from reaching their goals: Failure to prepare for their trading day (or career) Not sticking to their trading plan... Read more… read more

I’ve lost count the amount of times “having a trading plan” has either been written about in this trading tips blog, or mentioned in a trading article. The reason you are inundated with “have a trading plan” by us is because it is something that if you don’t trade with,... Read more… read more

Trading is easy. Pick a direction. Enter the trade Reap the rewards. Really, you enter a trade and get out with a profit or a loss.  Right?  Seems simple enough. Well, it is simple.  Just not easy. There are so many things that make up a consistently profitable trader that... Read more… read more

Whenever you take a trade, you should be looking to profit from certain market behavior: a reaction to a level market momentum break out trailing your stop looking for bigger gains. Prices set the limits of our risk and potential profits, but at what point does the market behavior no... Read more… read more

As trading winds down for 2018,  many people have plans for the Christmas break and will keep their trading computers shut off until the new year. Taking a break from trading is healthy and can do a lot to refresh any trader that interacts with the markets on a daily... Read more… read more

At what point has your trading become over-complicated? Some traders can have many variables in their trading plan and do fine. Others can get overwhelmed when there are too many things to consider for a trading setup.  I’m sure we’ve all felt that way at times. There is no simple... Read more… read more

Market context is a foreign concept to many traders. Often if I ask a trader that context of the market they are trading, the reply is usually a string of words that don’t answer the question. In fairness, it is a concept that can be difficult to fully grasp and... Read more… read more

Trading is  a game of probabilities and any successful trader knows that at any time, the next trade can be a winner or it can be a loser. Trading with an edge, you want to allow the probabilities to play out and that can only happen over a large basket... Read more… read more

You need for find your form in your trading business and it is not always an easy thing to do.  Having a rhythm to your approach, feeling like you are in “the flow”, can be one of the most useful things for a trader to learn how to do. It’s... Read more… read more

At Netpicks, every trading strategy we develop and the training that goes with it ensures that three important variables for trading success are covered. Psychology Trading method Risk management You need all three in line to reach any long term trading success and without one, your dreams will fall apart... Read more… read more