Trading Article

These 4 Steps Can Prevent Trading Career Destruction

take a break

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 moreread more

Will Your Chart Pattern Turn Into A Painful Trade?

Trading chart patterns has been a swing and day trading approach for decades of chart pattern traders.  Edwards and Magee helped bring this form of chart analysis into the public eye and it’s been a popular approach ever since. Finding a chart pattern can be done through scanners or manually but... Read moreread more

Is Day Trading For A living Possible?

day trading for a living

When traders decide to start day trading for a living, there are a few choices that are faced including: How much money they need to start day trading The markets they will day trade What trading strategy they will use The most important choice when people decide to make trading... Read moreread more

Is Your Trading Strategy Better Than Random?

Designing a trading strategy is tough work and that is if we include only technical factors as opposed to adding in fundamentals and seasonal cycles. There are many variables to keep in mind when undertaking the design of your own strategy: Which indicators will you use? What price points will... Read moreread more

Trading Is Easier When You Find Your Rhythm

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 moreread more

Does Yesterday Matter For Trading Today

Every market that you trade will constantly shift from balance to imbalance, consolidation ranges to directional movement looking for higher or lower price points. The most relevant and new information we have about the possible acceptance of price is by comparing the open and the market’s reaction to yesterday’s price... Read moreread more

Why Trading Rules and Process Should Be Your Focus

Everybody wants to win and be right. The desire to win is so strong with many people that they will ignore conflicting information  so they “can’t” be wrong – meaning they win. In trading, a win equals an increase in your trading account and a string of losing trades can... Read moreread more

Effective Keltner Channel Trading Strategy

The Keltner Channel is a volatility based trading indicator that uses two bands and the average true range to set the channel distance below and above an exponential moving average, generally 20 period EMA. You use the Keltner Channel to determine when a market has stretched too far from the moving average –... Read moreread more

3 Things To Remember When You Start Trading

run with your trading goal

We live in times where downsizing and job losses happen on a daily basis. Losing a job can be very traumatic especially if you are in your middle years as opportunities seem to go to the younger crowd. I’ve read many articles where people in their 40’s and early 50’s... Read moreread more

Trading Plans Must Have 3 Things To Be Useful

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 moreread more

2 Ways To Use Trading Range Breakouts

The auction in any market is straightforward: There are two types of market participant- buyers and sellers The degree to which these buyers and sellers are motivated by current price or market behavior Yes, there are lots of nuances to complicate things but the fundamentally important factors are straight forward.... Read moreread more