Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
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
The Spotlight Power Trade was just launched for the first time yesterday to the general public and in fact, the launch is still in full swing. If you’ve been following this blog and Youtube channel for any length of time, you have seen how powerful Spotlight Power Trader is and… Read more
In this week’s Options Trade Of The Week we are going to take a different approach from what we have done the last few months. We are going to take a close look at the XLE Iron Condor that we sold a few weeks ago in a previous trade of… Read more
Learning to trade is a lot more than finding a trading system and start following the buy and sell signals. I’m sure that many of us started with the belief that it would be that simple but were quickly brought back to reality. A trading system is a lot more… Read more
Our Inner Circle of traders at Netpicks are important to us. After many requests, we set our programmer onto the task of taking one of our most successful trading systems in our history, Spotlight Power Trader, and making it Think or Swim platform compatible. We want our strategy to work… Read more
We continue to see a very volatile market right now with many big moves back and forth and as a result, the prices of the options are more expensive. To take advantage of the expensive options, we will look to sell a call spread on IWM which is the Russell 200… Read more
The success rate in terms of successful traders, by all accounts, is pretty poor. This has the potential to rip the confidence of anybody thinking of making trading an income producing activity. Trading is a performance sport and just like any performance endeavor, without confidence with what you are doing, you… Read more
A rise in gas prices affects virtually everything we do in our daily lives. From commuting to public transit all the way to the food we eat, rising gas prices can cause an increase in other prices. One way we like to offset the rise in gas price is through… Read more
Markets have gone through some tough times the last several month which can have traders of all levels questioning their trading motivation and results. It’s never a bad thing to take a personal inventory of your trading, your trading mindset, your results, and set goals that keep you on the… Read more
Our new Spotlight Trade of the Week (TOTW) is a short on the USDCAD. It’s the same trading plan that just stopped out for a +208 pip gain. This weeks trading setup for a short trade. Forex is going through some market conditions that we are fortunate to stay out… Read more
You may be wondering why I continue to post these consistently profitable Crude Oil Inventory Report trades with Counter Punch Trader virtually every week. It’s not to brag – most successful traders are modest when talking about their trading results. I show these trades to you so you are able to… Read more
In this week’s NetPicks Options Trade Of The Week, we will take a look at an Iron Condor on XLE which is the energy ETF that we trade. Looking at the chart below, we can see that XLE has been stuck in a sideways range for the last number of… Read more
We held a Live Options Demo on Friday 3/30 to show how we approach the markets at NetPicks. In the video below you will find a walk through of our options trades from last week. We also take a look at some new trades setting up for next week. These… Read more
One of the golden rules in trading is to protect your trading capital. Without capital, you don’t have a business and while stores may get a line of credit, traders are not high on the loan officers list. Using a stop loss in trading is a smart move to protect you when… Read more
While many markets are going through turmoil in an uncertain climate, our weekly Crude Oil inventory trades continue to be an amazing income producer for those in our Inner Circle group of traders. The trading system of choice for the Crude Oil inventory report trade is Counter Punch Trader which… Read more
If you trade Forex, you don’t need anybody to tell you that many of the popular currency pairs are in conditions at this time that can be tough to trade. Yes, you can emotionally trade and maybe get a winner, but for the past several weeks, finding great reasons to… Read more
Spotlight Power Trader is our newest, most effective trading strategy that can be used in virtually every market. You read earlier in this trading post about how traders are able to lock down consistent profits day trading Forex with the Spotlight Power Trader. A video was also included that walked through… Read more
This is the week ending March 23 2018 and our custom made trading system, Spotlight Power Trader, has highlighted a trade in the iBoxx High Yield Bond Fund ETF, symbol HYG. The trade setup is a short and instead of selling the actual shares, we are going to use the… Read more
For this week’s options Trade Of the Week we will take a look at Twitter (Symbol: TWTR). Over the past 3 months, we have seen some big moves back and forth on many of the tech names. TWTR first saw a big move higher to start the year from $22… Read more
Daytrading with Spotlight Power Trader to make consistent profits is a pretty straight forward endeavor. The key word in that phrase is ‘consistent.’ We trade the same way, with the same charts, following the same rules, with the same dynamic profit goals, each and every session. I was going to… Read more
Lack Of Confidence Will Kill Your Trading Dreams
The success rate in terms of successful traders, by all accounts, is pretty poor. This has the potential to rip the confidence of anybody thinking of making trading an income producing activity. Trading is a performance sport and just like any performance endeavor, without confidence with what you are doing, you… Read more
90 Second Crude Oil Trade Win
Another Crude Oil Inventory Report trade and our trading system, Counter Punch Trader, banked us (and our trading room members) a first trade winner with overall exposure time in the market of less than two minutes. This is what successfully trading for living is about – repeating the same actions over and over again… Read more
Crude Oil Inventory Report Trade Recap
This crude oil trading session for Feb 28 2018 had some excellent learning points in it and it would have been easy to get tripped up if you were approaching your trading without a concrete approach to the markets. All of our Inner Circle members and those who attend our live trading… Read more
3 Principles Of Mindfulness Trading
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 more
Take A Break From Your Trading Screen
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 more
Is Your Trading Really Just 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 more
Use A Trading Indicator With Price Action
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 more
Your Fake Motivation Will Hold You Back
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 more
Trades of Opportunity | Spotlight Power Trader
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 more
2 Minute Crude Oil Trade – Power Of Rules
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 more
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