Basic Trading Strategies

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

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

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

Trading for a living has such an appeal that many people “give it a shot” to see if they can mimic the lives of those posted on social media. That is a terrible goal. The lives you see on social media with the money flowing like champagne, are fake.  The... Read more… read more

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 trading charts to monitor price but... 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

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

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

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

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

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

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

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

A trader decided to enter a position in a manner that was not consistent with his trading plan. What he said was that he entered a trade based on the fact that as the market was already close to the stop the system had already calculated, it was worth the... Read more… read more

When I mention the words “simple trading”, I am not talking about randomly putting on a trade and hoping for the best. You need a trading (hopefully simple) strategy that has an edge and along with risk management under control, you let the edge play out over time. But simple... Read more… read more

Succeeding at trading is reserved for a small percentage of people. Successful traders are a different breed of person who’ve managed to battle the psychological pitfalls but have also found a trading edge that they are consistent at trading. It’s an older statistic but when Forex brokers were surveyed, it... Read more… read more

Trade setups and entry seem to be the most sought after trading information and for good reason:  without a trading setup, you’d be trading blind and without an entry, there’s no position. The issue is that while traders know how to enter a trade, finding a profit target and a break-even point... Read more… read more

Fortunes can be made and lost on any given day and in any given time frame.  No market is immune to rapid movements in price and that includes Bitcoin and cryptocurrency trading. Unexpected news, surprising comments from key people or way out of line economic data can all catch the markets off... Read more… read more