Last updated on February 26th, 2020
Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
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 bring some challenges when placing trades…. Read more
Range bars are bars that are plotted on a chart that have the same price increment, the same height, and each bar closes either at the high or the low, regardless of the opening price. There is no time component as you would see with candlestick charts or bar charts…. Read more
As traders, many of us spend a lot of time looking for that winning strategy that will catapult us into the small group of successful traders. Each of us want to win and we will spend hundreds of hours testing trading systems but always on the lookout for that one… Read more
Traders will obsess over their trade entry but won’t give a second thought to where they will place their stop loss whether they buy or sell or instrument. One huge issue is that many traders will place their stop in a location where the trade is still valid because it… Read more
‘How big of an account size is necessary to trade options?’ Over the past 20 years I have had the privilege of working with thousands of traders looking to trade in the options markets. This is one of the top questions I get. The beauty of trading options is they… Read more
So you’ve been trading for a while now, had some success and it seems like forever ago that you cracked open your first chart. You’ve learned about the markets; what works and what doesn’t and can carry on an intelligent conversation on most trading matters. You talk a pretty good… Read more
The main work space that I look at throughout the day to get a feel for market strength or weakness is what I call my Market Internals work space. In this article, I am going to discuss that market internals I use on a daily basis and how they influence… 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
Markets continued their historic run of extreme volatility this past week due to the spread of the coronavirus. We are in the midst of a global economic slowdown that looks to be in place for the next few months at a minimum. While talk of a recession is no fun to go through,… Read more
It’s easy to turn on financial media these and get scared away from the markets due this high volatility that have been seeing the last 3 weeks. As options traders, we have the opportunity to use the volatility to our advantage as it can provide an opportunity to use higher… Read more
I want to continue on with my look back on some of the pearls of wisdom from Richard Donchian. There are so many things that were valid decades ago that are still applicable to the trading of today. My first look can be found at: http://www.netpicks.com/trading-wisdom-from-yesteryear/ These two Donchian wisdom’s… Read more
A trading setup that forms as part of your trading strategy is in need of a trade trigger to get you active in the position. Having a way to trigger into a trade can stop you from letting your emotions dictate your positions. In this article, we will discuss what… Read more
The last few weeks as the coronavirus crisis has evolved, have produced some of the most volatile markets we have ever seen. 5% moves in the S&P 500 used to take days and are now taking a matter of a few hours. As a result of these quick big moves… Read more
We were doing some work on a trade plan for the British Pound Futures (6B/BP) and decided that it’d be a nice idea to share some of the work I’ve been doing in an Excel Trade Log at the same time. I prefer using excel for two main reasons: it allows… Read more
Do most traders fail? The statistics say that 90% of traders fail but let’s take a look at who we are talking about? How do you define “trader”? Would you consider someone who funds a small trading account with $200 and uses an untested trading strategy a “trader”? I don’t… Read more
Last updated on March 17th, 2020 Impulse trading, rejecting legitimate setups, exiting profitable trades too early. These are some of the most common trading errors people make. When we look back on certain trades it seems so clear why we should have followed our trading plan and not done this… Read more
Over the last 2 weeks we have seen global markets get crushed due to coronavirus. We are in the midst of a historic move lower in equities and move higher in the volatility products. Markets are pricing in extreme fear due to the spread of the coronavirus. To take advantage… Read more
We just completed one of the most volatile weeks of trading that markets have ever seen due to he fear of the unknown due to the spread of the coronavirus (COVID-19 ). Panic has completely gripped the financial markets. VIX & Market Volatility The VIX, which is used by… Read more
Heikin Ashi charts may not be as popular as bar charts and traditional candlesticks but for traders who use them, they don’t care how popular they are. Charts generally calculate the high, low, open, and close which makes the main difference between (HA) Heikin Ashi and other charting types, being the… Read more
It’s almost inevitable. You get a rise in market volatility and you see folks get hurt. Markets move faster, further and change direction quicker than people have become used to. For traders who aren’t prepared, this can spell disaster. Not only do they face a run of poor of results,… Read more
