Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
For this week’s options Trade Of the Week we will take a look at Twitter (Symbol: TWTR). Over the past 3 months, we have seen some big moves back and forth on many of the tech names. TWTR first saw a big move higher to start the year from $22… Read more
Daytrading with Spotlight Power Trader to make consistent profits is a pretty straight forward endeavor. The key word in that phrase is ‘consistent.’ We trade the same way, with the same charts, following the same rules, with the same dynamic profit goals, each and every session. I was going to… Read more
Today is Wednesday March 21 which means we have our usual Crude Oil Inventory Report trades we like to do but today we had a pending FOMC statement that can turn the market into chop and churn until release. A proper trading plan accounts for any news release and other economic… Read more
November 1, 2018 is the 10 year anniversary of a revolution that has rocked the way many conduct business. This is the date when Satoshi Nakamoto posted his research paper to a small group of cryptography enthusiasts on an obscure website. Nakamoto’s paper described a form of digital money that… Read more
This week’s (March 17, 2018) Spotlight Trade of the Week will be a Forex trade. In the Spotlight Power Trader’s private member site, we have several trade plans for the daily chart of the currency pair of EURAUD. This version has excellent performance report numbers: 5.88 profit factor (18.69 pf… Read more
QQQ is the Nasdaq ETF that we trade on a regular basis inside our Options Fast Track program (send me an email to learn more – mike@netpicks dot com). Using our custom indicators as part of our trading approach, we focus on reversals in trends from the oversold or overbought… Read more
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
Day trading indicators are often touted as the holy grail of trading but that is simply not true. They are a useful trading tool that should be used in conjunction with a well rounded trading plan but are not and should not be the plan itself. In this trading article, I want… Read more
Here’s the update to our USO Call Option Position. There is a possible Stop and Reverse which you can see on the right edge of the below chart. (Bookmark and check back to this post for subsequent updates for this trade. I will be dating and posting the updates below.)… Read more
This weeks (March 9) Spotlight Trade of the Week is another Options trading opportunity and features a long play in AT&T. It’s actually a brand new trade plan for the Spotlight Power Trader that was just published to the Owner’s Club private website where members get full access to the details (contact… Read more
I want to show you another episode of our weekly crude oil futures inventory report trade that we do in our live trading room. (You can have a free 2 week trial by clicking here). This is not to brag or show you how great our trading system is. There… Read more
In this week’s NetPicks Options Trade of the Week we will go back to Netflix (Symbol: NFLX). NFLX has been on an impressive run to the upside so far this year. Even with the overall market selling off back in February, NFLX has stayed strong up near it’s all time… Read more
Sticking to a trading plan can be tough during normal market conditions but when volatility hits the markets, it can be harder. It is easy to get sucked into taking a trade outside of your trading plan when the market makes large and quick moves in price – especially when… Read more
As investors and speculators, we’re all searching for the next “big thing” or the next “grand slam winner.” Unfortunately, these opportunities rarely occur. Even when they do occur, it’s very difficult to capture the profits. For example, let’s take a quick look at Amazon. Any investor over the age of… Read more
Crude Oil has long been one of our favorite markets to trade. For day trading, we prefer Crude Oil Futures – CL. On most weeks, we post excerpts from our live trade room showcasing our weekly crude oil inventory report trading. It tends to win most of the time. Crude… Read more
With this weeks NetPicks Options Trade Of the Week we will take a look at the energy sector. Energy has been one area of the market that has been very active for months now. We have seen really decent movement in both directions and as a result, there are many… Read more
We held a Live Options Demo on Friday 3/2 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
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
Day trading Forex is still a viable way to approach currency trading especially when using our Spotlight Power Trader. More importantly, utilizing a trading plan on every trade you place is crucial if you expect any type of long term trading success. For our basic Forex day trade plans, the times… Read more
Trading Options can give the retail trader some great opportunities to trade the high priced tech names for a fraction of the cost. Stocks like AAPL, FB, TSLA, AMZN, GOOGL, NFLX can be traded for under a few hundred dollars which is makes trading Options for those with smaller trading… 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
Is Your Trading Really Just A Hobby?
There are quite a number of trading “cons” floating around the internet and people are rightly concerned about getting sucked into one of them. The Forex market seems to have a high number of “can’t miss” trading systems and the most aggressive marketing While these trading “cons” are so good… Read more
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
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
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