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Trading Article

Klinger Volume Oscillator

The Klinger Volume Oscillator [KVO] is a trading indicator that uses both price and volume to highlight potential longer term trend turning points in the markets. You should know that many people are referring to this oscillator as a leading indicator. It is not. It needs present price and present... Read moreread more

Trading The Hull Moving Average Indicator

Last updated on May 29th, 2020 Moving averages come in different types and they lag price.  The simple moving average weighs each price point equally so it lags the most. Different twists such as the EMA and WMA evolved which emphasized price differently. The Hull Moving Average indicator was developed... Read moreread more

Anti Pattern Reversal Trading Strategy

Some of the best chart patterns to trade, such as bull flags, are simple and that includes the “anti” pattern by Linda Raschke. The anti pattern takes into account both a pullback and a momentum move that setups up the pullback. As described in my article about trading pullbacks, we... Read moreread more

How To Trade Options Around Dividends

If you trade options for any length of time you will run into stocks and ETF’s paying dividends. It’s important to know when these dividends will require you to adjust or close a trade. What is a dividend?  “A dividend is the distribution of a portion of the company’s earnings,... Read moreread more

Use Market Structure Like A Pro

Last updated on May 14th, 2020 We have all heard of the old adage….”sell at resistance and buy at support” which is another way of saying to trade market structure. Obviously it is contextual because if price is charging towards a resistance level are you really going to just going... Read moreread more

Here Is How to Stop over Trading and Become a Winner

Last updated on May 14th, 2020 Day trading has the potential to keep you glued to the screen the entire day as you punch in and out of trades. It can actually be addicting as you watch the increase in your trading account – perhaps not so addicting when the... Read moreread more

Learning How to be a Winning Trader

There’s learning how to trade… …there’s learning a trading strategy …there’s learning how to trade with that strategy …and then there’s learning how to be a ‘winning trader. Each step along the way is necessary to finally put it all together for consistent success. The quicker one can get to... Read moreread more

Trading Plans Must Have 3 Things To Be Useful

Last updated on April 26th, 2020 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... Read moreread more

How Many Losing Trades Before You Quit Trading

We are all going to have losing trades. The only way to avoid a losing trade is to not trade. Since you intend to make trading a career, not trading is not an option and a question that’s come up in our trade room has been “How many losses would... Read moreread more

Options Trading FAQ’s

Last updated on May 14th, 2020 We held our live 2 day Options Trading For Income Crash Course this past week where we walked through how we use our entire options toolbox on a weekly basis. If you missed that training (free) I have included links below to the material... Read moreread more

Kagi Charts – How to Trade these Squiggly Lines

Last updated on May 14th, 2020 Kagi charts were developed in the 1870’s in Japan, and many of us in the US first learned about them from Steve Nison in his book Beyond Candlesticks. When we started using Range and Renko Charts with our systems here at NetPicks a while... Read moreread more

What Are You Using For Profit Taking Targets?

Last updated on May 12th, 2020 Traders are looking for trade entries but finding a profit target and a break-even point or just to slightly limit risk, seems to be forgotten, but are needed for any trading strategy. Let me say that there is never a “best” place for trade... Read moreread more

Are You Afraid Of A Stop Loss In Trading?

Last updated on May 12th, 2020 One of the golden rules in trading is to protect your trading capital. Using a stop loss in trading is a smart move to protect you when the random distribution of wins and losses play out with you on the losing end. You can... Read moreread more

3 Ideas To Help Improve Your Trading

Last updated on May 14th, 2020 Have you been consistent with risk, position sizing, and keeping your focus on the trading method you have tested and shown to have a positive expectation? There is a very good chance that you have not been consistent and when faced with losing trades,... Read moreread more

3 Tips to Improve Trading Performance Now

Last updated on May 12th, 2020 What you pay attention to can have an effect on your trading performance as you process this information.  Day trading, a tough go at the best of times, can be made more difficult depending on where you put your focus during the trading session.... Read moreread more

Trading The Butterfly Pattern

The Butterfly pattern, discovered by Bryce Gilmore,  is a reversal chart pattern that consists of four distinct swings in the market. The rules to identify the Butterfly trading pattern are strict and requires the use of certain Fibonacci ratios that were made public by Scott Carney. If you use ratios... Read moreread more

Is the market bottom in place?

Last updated on May 12th, 2020 After a big wave lower in stocks due to the initial reaction to the coronavirus spreading, markets have recovered off the lows in a big way. We saw stocks rally 25% over the last 2 weeks on hopes that the worst of the virus... Read moreread more

Best Moving Averages For Options Traders

Last updated on May 14th, 2020 My preferred style of trading is swing trading using various options strategies. I consider a swing trade holding a position for a period of 2 days on out to 4 weeks. That is the sweet spot that I have identified when using many types... Read moreread more

Why We Don’t Like To Use Stop Orders When Trading Options

Last updated on April 17th, 2020 I have heard all of these statements repeated during my nearly 20 years of trading options and markets in general: “Let your winners run, cut your losses quickly.” “Keep your losses small” “You have to use stop orders” Traders get so concerned with getting... Read moreread more

Placing Option Orders In Volatile Markets

Last updated on April 4th, 2020 Options traders love volatile markets. I would much rather trade in active market conditions with big moves back and forth rather than a slow market like we saw for most of 2019 and early 2020. However, with volatility returning the last month, it does... Read moreread more