Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
Trading with emotions can be devastating and if you don’t get your emotions under control, it can take a lot of time to recover from the consequences. When the decisions about the market are made from a place of emotion as opposed to strict adherence to a proven trading strategy… Read more
Think Or Swim is a popular charting platform for many traders around the world and in our Inner Circle group of traders. After months of development, we are finally able to offer our top trading system, Spotlight Power Trader, in a format that can be used with TOS. Thinking there… Read more
JP Morgan (Symbol: JPM) is our newest Options Trade Of The Week here at Netpicks. The S&P 500 has tested the 200 period moving average many times and every time that it has, price has rallied back to the upside not too long after. Price has moved back to the 200… Read more
We held a Live Options Demo on Friday 4/27/18 to show how we approach the Options market at NetPicks. In the video below you will find a walk through of our options trades from last week and we also take a look at some new trades setting up for next… Read more
Letting your winning trades run and cut your trading losses is a trading rule that we’ve all heard. The idea is to let the trades that are in profit continue to run in order to make as much as the market is willing to give. With cutting your losses, you… Read more
In this week’s Options Trade Of The Week we are going to take a look at Chipotle (Symbol: CMG). CMG released earnings here this week and the stock was up 25% intra-day. This was an $84 move higher which is a huge one day move. Knowing that this type of… 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
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
3 Things That Losing Day Trades Can Tell You – Are You Paying Attention?
You are going to lose in trading but the trouble is, many traders make the mistake of attempting to avoid losing trades at all cost. Negative trade outcomes are a big part the trading business and for day traders, the fear of loss can paralyze them but they must accept… Read more
Here Is How to Stop over Trading and Become a Winner
Day trading has the potential to keep you glued to the screen the entire day as you punch in and out of trades. It can actually be addicting as you watch the increase in your trading account – perhaps not so addicting when the losses come. But even with the… Read more
Should You Scale And Trail Your Trading Profits?
Trade setups and entries are one of the most searched for topics when it comes to trading. What gets missed is the exit strategy you will use to exit your trade for profit or at your stop loss. I have a question for you: “How many times have you been in… Read more
Complete MACD Indicator Settings and Trading Strategy Guide
One of the first indicators I ever experimented with was one developed by Gerald Appel in the late 1970s called the MACD indicator, otherwise defined as the moving average convergence divergence indicator. The MACD histogram was added in 1986. Right from the start I used it as a technical analysis tool,… Read more
13 Forex Trading Tips Every New and Experienced Trader Must Know
Some of the best Forex trading tips that can lead to trading success are usually the simple ones. Given that Forex market is popular for both experienced and beginning traders, you know there are quite a few tips available for all traders With low initial deposits depending on your account… 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
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