trading videos

3 Principles Of Mindfulness Trading

the same old thinking and disappointing results, closed loop or negative feedback mindset concept  - a napkin doodle with a cup of coffee

In a post entitled Take A Break From Your Trading Screen, I touched on the benefits of shutting off your focus and letting her brain take a break.  For traders, where the need of intense focus is immense, being able to step back mentally is vital. Up until the last several... Read moreread more

Take A Break From Your Trading Screen

take a break

We’ve all been there where trading consumes us to the point that we are living in front of the computer.  “Take a break from trading” is probably something you’ve heard at least once during your trading career. It may not be time spent actually placing trades but learning and back... 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

Use A Trading Indicator With Price Action

chart1

Trading indicators as a form of technical analysis are an important part of the trading system and strategy of many traders.  Whether traders are looking for a way to determine a trend or a buy/sell signal, technical indicators are the first line of offense that they use. I know we... Read moreread more

Your Fake Motivation Will Hold You Back

bigstock--143393708 (1)

You know what people are great at?  Talk.  I know you’ve had conversations with someone who rattled on about doing this…doing that…….and they actually were pretty convincing. You know what people are not great at?  Taking action.  I’m talking about the hundreds of hours (10,000??) spent diving headfirst into accomplishing... Read moreread more

Trades of Opportunity | Spotlight Power Trader

trades of opportunity

You have a trade plan but after years of experience you learn that trades of opportunity do present themselves.  These are trades that set up outside of the parameters of your trading plan and may violate some of your rules: You have completed your “Power of Quitting” trading goals for... Read moreread more

2 Minute Crude Oil Trade – Power Of Rules

trading crude oil futures

Traders in our trade room took part in a rare Friday session trading Crude Oil futures on Friday July 7, to make up for my “fun in the sun”, earlier in the week. That brings up one of the major benefits of trading for a living:  I didn’t have to... Read moreread more

Trading The MACD Indicator Like A Pro

Toolbox with tools on white isolated background. 3d

One of the first indicators I ever experimented with was one developed by Gerald Appel in the late 1970s called the MACD indicator, otherwise defined as the moving average convergence divergence indicator. The MACD histogram was added in 1986. Right from the start I used it as a technical analysis tool,... Read moreread more

Worst Time To Day Trade Most Markets

WORST TIME TO DAY TRADE

One of the worst times to day trade is during the time when many traders take lunch and this is a good time for you to stand aside.  To go on further and elaborate a little on why I say this and to make the point, I wanted to focus... Read moreread more