Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
“Make sure you put in the screen time”. That is something you hear often when reading information about becoming a successful trader. It is hard to argue with it taking time to become effective at most things and trading is no different. What is more important than simply screen time,… Read more
Winning trading plans are the secret to successful trading and our trading of the Crude Oil Inventory Report Live Session proves that to be true. Again, our day trading plan and strategy posted another efficient winner. What was interesting about this session was how lucky we were that our full… Read more
The desire to reach a level where you’re making money on a consistent basis in trading can be a frustrating and often disheartening business. There’s a certain stage in a trader’s career where they know quite a bit about the markets, how markets move, and can see the intent in… Read more
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
We’ve seen many traders come and go through the two plus decades that Netpicks has been in the business of helping traders succeed. Whether they were great traders from the start or could not grasp this business, throughout that mix we’ve seen many who have experienced some degree of trading… Read more
Achieving success at anything in life is about planning. But it’s about more than just writing down a list of things you’ll do and never get to actually doing them. It’s about envisioning success and the behaviors which are likely to lead long term objectives being met. Most things in… Read more
Markets have continued their impressive move higher so far this summer. During that move higher, the Nasdaq has been the leader with names like AAPL, FB, AMZN, and GOOGL leading the charge. As we head into the end of summer, we are expecting the market to slow down and potentially… Read more
Our best day trading blueprint for success has to be our Crude Oil Inventory Report trade that we do each Wednesday. Whether you use Counter Punch Trader as is the case with this video, or Spotlight Power Trader which works equally as well, the point is that this approach can… Read more
One of the most challenging times of year to trade is in the summer when markets slow down. With vacation season in full swing we often times see low volume market movement during July and August. While this can be a frustrating time of year for active traders, using options… Read more
We wrapped up another profitable week with our Options Express trades last week. It wasn’t the most active week that we have ever had but we were able to close out of winners on SPY and COST. We also opened new trades on AAPL, CAT, GS, and VXX. Next… Read more
At Netpicks, every trading strategy we develop and the training that goes with it ensures that three important variables for trading success are covered. Psychology Trading method Risk management You need all three in line to reach any long term trading success and without one, your dreams will fall apart… Read more
We are all going to lose at trading at some point and instead of complaining and shutting the computer down, how about sticking to your trading plan and bagging a big winner? That is exactly how those in our Inner Circle approach the market depending on the trading plan and… Read more
When day traders hear the closing bell, it may be tempting to shut things down and then move on with the rest of your day. But is this really the best thing to do or is there something you can do to improve your trading like logging in your trading journal?… Read more
Trading the trend is a trading approach where you find the main trend in a market, take a position, and ride the trend to its conclusion. The important part of trend trading is that there must be a trend that is either just starting or has strength behind it. Getting on… Read more
The Crude Oil Inventory Report is one of the most exciting events of the week for us day traders especially with the Counter Punch Trader. After today I was ready to pop the champagne which seemed appropriate the way to price blew to its targets. The champagne bottle trade is… Read more
I just finished a walk through video of this past week’s crude oil trades and I wanted to do another one with two very popular markets. The YM (Dow E-Mini) is a great instrument for traders of every level of trading experience and we hit new equity highs with our trading… Read more
A futures market that gets a lot of attention from traders in our Inner Circle, is crude oil. Crude oil futures is a very liquid market and when combined with our trading plans, can be a very consistent income generating market. You are not limited to only trading the regular… Read more
Trailing your stop loss in the market in the hopes of making big profits isn’t always going to be the best thing to do in every situation. Markets which aren’t trending (and most of the time, most are not) will come back on you and take you out for a… Read more
Trading is a game of probabilities and any successful trader knows that at any time, the next trade can be a winner or it can be a loser. Trading with an edge, you want to allow the probabilities to play out and that can only happen over a large basket… Read more
Kagi charts were developed in the 1870’s in Japan, and many of us in the US first learned about them from Steve Nison in his book Beyond Candlesticks. When we started using Range and Renko Charts with our systems here at NetPicks a while back, we got a lot of… Read more
Are You Ready For When Your Trading Strategy Begins To Fail?
Markets and the traders that trade in each market, are constantly in a state of change. No two trades are ever exactly the same and that’s even if we’re looking at the same instrument on the same day in the same market phase. But markets evolve over time as they … 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
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