Trading Tips & Tutorials For Online Traders

Last updated on February 26th, 2020

Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.

Nov11 Share

Trading Daily Timeframe

Daily charts may not be the time frame for you if you are looking for fast market price action. You have to wait until the end of the trading session to make your trading decision on whether you have a setup or not.  This could be hard for Forex traders… Read more

Nov08 Share

Weekly Options Recap 11/8/20

Last updated on November 17th, 2020 Trading this past week was completely dominated by election headlines. We saw markets rally the entire week once we got some clarity on the outcome of the elections. Over the past weeks we have dealt with earnings season, stimulus rumors, election headlines, and virus… Read more

Nov05 Share

Midweek Options Update 11/5/20

Last updated on November 6th, 2020 Coming into this week, all eyes were on the outcome of the elections. No surprise that the results aren’t finalized yet but the market so far is thrilled with the likely outcome. We have been in rally mode since Friday last week with the… Read more

Nov04 Share

ATR Stop Loss Guide

Using the Average True Range indicator (ATR) is a smart way to determine where your stop loss should be placed. While there are other ways including using support resistance levels, candlestick swing highs or low, and even trend lines, ATR stops use volatility.   ATR Stop Method – Why Use… Read more

Nov03 Share

Heiken Ashi Candlesticks – Learn To Use Them

Heikin Ashi charts may not be as popular as bar charts and traditional Japanese 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… Read more

Nov01 Share

Weekly Options Recap 10/30/20

Last updated on November 2nd, 2020 Going into last week we had been talking about how the potential was there for some big moves primarily due to the headline risk. We had the election uncertainty, the increase in Covid-19 numbers, and the big earnings numbers out of the tech stocks… Read more

Oct29 Share

Midweek Options Update 10/28/20

The Covid-19 numbers have been picking up worldwide for weeks now but the markets have brushed them aside due to the hopes of more stimulus. Now here we are with the virus continuing to spread at a rapid pace and no stimulus to speak of. As a result markets are… Read more

Oct29 Share

2 Bar Reversal Pattern

Using the simple 2 bar reversal pattern as a price action trading method to spot potential reversal points, is a nice addition to any trading strategy. Many traders will confuse the 2 bar pattern with engulfing candlesticks but they aren’t considered to be vastly different.  They have the same effect… Read more

Oct27 Share

MACD Day Trading Strategy

This is a simple day trading strategy using one hour charts, the MACD and three exponential moving averages. I went into detail on this blog post about the MACD and in this strategy, it will act as an indication of trend direction/momentum direction.  Our EMAs will act as a line… Read more

Oct24 Share

How To Use the Delta Of An Option

Options are the most flexible instruments in the world. They are also the most misunderstood financial instruments. The reason so many traders get frustrated using options is the lack of understanding of what impacts the price movement of an option. The terminology can be overwhelming for many newer traders We… Read more

Oct23 Share

Weekly Options Recap 10/23/20

Last updated on October 28th, 2020 As we wrap up the week we are still waiting for an announcement on the stimulus plan in the works. Markets have been looking for more direction but instead we are left no close to a deal today than when we started the week…. Read more

Oct23 Share

Understanding Risk Management

Risk management should be a major focus of your trading strategy. The numbers do not lie; Fail to respect risk % and position sizing and you will have a short lived trading career. Even experienced and successful traders should be constantly refreshing the basics about market risk and in this… Read more

Oct21 Share

Midweek Options Update 10/21/20

Last updated on October 22nd, 2020 Another session of waiting for more stimulus news is the story of the day. We continue to see a low volume choppy environment and it will remain that way until we get an official announcement on the next stimulus plan. SPY has found support… Read more

Oct21 Share

Bullish And Bearish Divergence Trading

Trading divergence involves the use of price action and technical trading indicators to find potential turning points in the market.  From Forex trading to futures, trading divergence is a popular method of trading. Finding a divergence is not a guarantee that a shift in price is going to happen but… Read more

Oct19 Share

Weekly Options Recap 10/18/20

Last week was another week highlighted by news driven trading. We have talked about how the headline risk in this market would be extreme between now and the end of the year and that is exactly what we are seeing. Whether it be Stimulus rumors, election rumors, pandemic news, or… Read more

Oct16 Share

34 EMA Trading Strategy With Trendlines

Last updated on October 17th, 2020 Your trading strategy does not have to be complex. In fact, when you have too many moving parts in a strategy, it’s difficult to make adjustments or even just test it. If we break down what we are looking for in a strategy, it… Read more

Oct16 Share

How To Place Options Orders in the TastyWorks Platform

Last updated on October 19th, 2020 In a series of recent blog posts we talked about how we like to use credit spreads with our options trading at NetPicks. We talked about selling call credit spreads, put credit spreads, and iron condors. These trade types gives us tremendous flexibility in… Read more

Oct15 Share

How To Place Options Orders in the Thinkorswim Platform

Last updated on October 16th, 2020 In a series of recent blog posts we talked about how we like to use credit spreads with our options trading at NetPicks. We talked about selling call credit spreads, put credit spreads, and iron condors. These trade types gives us tremendous flexibility in… Read more

Oct15 Share

Could Microsoft Make New Highs?

I was scrolling through some of the stocks that I follow and Microsoft (MSFT) showed an interesting pattern. Like many stocks, there’s been a corrective phase taking place.  After putting in lows in September, MSFT has started to make a pattern of higher highs and lows. After the recent break… Read more

Oct14 Share

Midweek Options Update 10/14/20

Last updated on October 19th, 2020 With everyone focused on the elections and the next round of stimulus, the market has been in drift mode higher. With tech leading the way, we have seen another leg higher over the last few weeks. This has led to many stocks reaching overbought… Read more