Last updated on February 26th, 2020
Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
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 more
Last updated on June 25th, 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 more
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 more
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 more
Last updated on June 18th, 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 more
Last updated on September 7th, 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 more
Last updated on July 3rd, 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 more
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 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
Last updated on April 20th, 2020 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… Read more
Last updated on July 4th, 2020 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… Read more
Last updated on May 14th, 2020 ‘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… Read more
Last updated on April 14th, 2020 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… Read more
Last updated on July 2nd, 2020 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… Read more
Last updated on June 3rd, 2020 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… 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
Last updated on August 4th, 2020 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… Read more
Last updated on April 4th, 2020 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… Read more
Last updated on April 18th, 2020 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… Read more
Last updated on May 12th, 2020 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… Read more
