Trading Tips & Tutorials For Online Traders

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

no luck
Aug22 Share

It Doesn’t Stop At Trade Entries

Many traders are looking for the perfect trading setup thinking the setup and trade entry is the key to success.  To all those people who believe that is the missing variable and once found their path to riches will be shown:  Trade entries are just one element to a successful… Read more

Aug17 Share

Consider These 5 Things When Changing Markets

If you have been in the business of trading markets, you’ve no doubt not only jumped trading systems and strategies, but also markets. Netpicks offers trading strategies that makes approaching different markets quite easy.  In the right hands, it allows traders to find markets they are comfortable with, in the… Read more

Aug13 Share

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

Aug05 Share

Here Is How We Trade Options – 5 Ways To Profit

You may not want to trade Options for a living but having options trading as part of your overall trading portfolio is a strong way to diversify your trading business. Our approach to trading options will be a little different than what most traders are used to seeing and we credit… Read more

Aug03 Share

6 Uses Of Relative Strength Index (RSI)

One of the most popular technical indicators has to be the relative strength index (RSI). I didn’t just make that up as I read a survey done with users of the Bloomberg Professional Terminal and the RSI was the top ranked trading indicator used on that platform. You could toss a… Read more

price action
Jul30 Share

5 Reasons Why Price Action Won’t Save You

Price action.  I’ll admit that if a trader is having trading issues, I will usually ask them about their experience with trading price action and if they are applying that skill to their trading strategy. The problem is, we have to remember that understanding price action trading will not fix… Read more

Determined businessman concentrating hard on difficult computer task working late in office looking worried.?
Jul26 Share

Never Ignore These 10 Variables For Trading Focus

Have you ever had trading sessions where when the ink is dry, you know you could have done better?  Maybe you missed a perfect trade setup, stepped outside your trading plan, or simply had a moment of fogginess where you drew a blank while starting at the charts. You are… Read more

bigstock--143393708 (1)
Jul20 Share

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

scale out trading profits
Jul17 Share

Every Trading System Needs A Trade Plan

You just picked up the latest and greatest trading strategy and have started to trade it. You have already shot yourself in the foot for any long term success.  You may as well write a check to your favorite charity for the balance of your trading account. Bold statement? Absolutely,… Read more

Jul15 Share

How Would You Like To Trade Like This?

There was such a great response to my 2 Minute Crude Oil Trade post and the trading video I did for it that I wanted to highlight a few more trades. I know you probably see some of these types of trades on trading blogs but here is the difference:… Read more

trades of opportunity
Jul12 Share

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

learn naked chart reading
Jul11 Share

Naked Trading And How You Can You Do It

Naked trading is simply trading virtually “indicator-less”  so you can see in real time what is going on with current price without it hiding behind a mess of indicators. It is better known as price action trading where you may trade candlestick chart patterns or even singular patterns such as… Read more

trading crude oil futures
Jul08 Share

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

Jul07 Share

Russell E-Mini Says So Long Ice Exchange

Today in our trade room, we bid farewell to the ICE Exchange for the Russell E-Mini (TF) and are hoping it’s new home at the CME goes well. You know what is going well right now?   Our trades with Spotlight Power Trader You know that day trading has a… Read more

Jul05 Share

This Indicator Can Easily Change Your Trading

The number of trading indicators available to any trader that they can slap onto their price charts is vast. Whether we are talking about trend indicators such as moving averages or overbought/oversold trading indicators like Stochastic Oscillator, trading indicators help us in making sense of the markets we trade. || “There… Read more

Jun30 Share

3 Simple Rules For Trading Crude Oil Inventories

Crude Oil Futures is not only an active market to trade but is also one of the most popular instruments available to day traders.  That makes trading Crude Oil a wonderful opportunity for traders to make additional income or a stand alone income producing market. That graphic is a recent… Read more

Jun29 Share

Trading Crude Oil Futures — The One Minute Trade

Trading Crude Oil Futures can can be a challenge for sure but this is one tradeplan I will never miss, so long as I have my computer and an internet connection.  There are many wrong ways to trade crude oil futures but one of the right ways, one of the… Read more

Jun28 Share

2 Steps To Increase Your Option Trading Profits

It is vital when trading any instrument that you maximize the profit potential when you take your trade. You can increase your profits when trading Options if you consider the 2 simple steps I am going to outline below. I want to ask you a question first: “Have you ever been… Read more

Jun26 Share

Winning Trade Setups — the 50 ema Roll Trade

Winning trade setups, those with a high percentage win rate, are worth waiting for.  You can learn to specialize and just focus on these types of setups and make a very nice living (my opinion, there is alwasy risk in trading).  Nothing is ever perfect in trading but the odds are… Read more

Jun24 Share

How To Locate Day Trading Profit Targets

The issue that many traders have is getting out of the trade especially the day trading profit targets you are going to use. If you swing trade, you will only make the decision to exit your trade every few days or so.  As a day trader, you will be making… Read more