Trading Article

One Truth In Trading To Not Forget

day trading strategies

There is one trading book we recommend for every trader and that one is “Trading In The Zone” by Mark Douglas.  While there are trading books on trading techniques and money management, Trading In The Zone focuses more on the mindset of a successful trader. One section of the book... Read moreread more

Is Your Trading Really Just A Hobby?

trading as a hobby

There are quite a number of trading “cons” floating around the internet and people are rightly concerned about getting sucked into one of them.  The Forex market seems to have a high number of “can’t miss” trading systems and the most aggressive marketing While these trading “cons” are so good... Read moreread more

Should You Stop Learning And Just Trade?

I don't want to listen anymore

Do you ever “arrive” as a successful trader?  Is there ever a time where you just know it all and can rest on your laurels and trade? I don’t think so. Just as a professional athlete constantly goes over the basics and tweaks technique, I think traders should as well. ... Read moreread more

You Are Not Just A Trader But 1 Hat At A Time Please

multi tasking

When you tell people you are a trader, you are selling yourself short.  While being a successful trader is an accomplishment by itself, you no doubt wear a few different hats in your trading business. If you’re a discretionary trader, to give yourself the greatest possible chance of success requires... Read moreread more

Losing Trades Are Not That Bad

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It is interesting to see how individual traders approach this business.  Of course there are different methods and ways to trade but I am talking about the mindset in regards to trading losses.  I think that is the number one criteria that can predict the ultimate success or failure of... Read moreread more

What If Your Pullback Trade Fails To Set Up?

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Trading pullbacks is a time tested way of zeroing in on locations to trade.  Whether you are using support and resistance, trend lines, moving averages, or even Fibonacci retracements, trading pullbacks is a viable part of trading setups that you can use. Pullback trading is based on the natural ebb and... Read moreread more

Do You Want To Trade Or Analyze?

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Fundamental analysis.  Technical analysis. The debate that can rage between two traders on whether fundamental analysis trumps technical analysis can be entertaining.  You will see them hold tight to their opinions and you have to applaud their passion. At Netpicks, we understand the basic fundamentals of what we are trading... Read moreread more

Is More Trading Discipline The Answer?

trading discipline

It’s commonplace for traders to regularly lose money by trading in a manner which they know they shouldn’t be which means they are not following their trading plan.  This is assuming the trader has taken the time to actually put together a trading plan for their strategy based on testing and... Read moreread more