Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
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 and the crude oil inventory release, a wonderful opportunity for traders to make additional income or a stand alone income producing market…. Read more
Expecting 100% of your trades to go as planned sets you up for disappointment. Many Options traders know that so one question that I get asked a lot is, “what do you do when a trade goes bad?” Asking that question shows that these traders have their expectations in check… Read more
A trader decided to enter a position in a manner that was not consistent with his trading plan. What he said was that he entered a trade based on the fact that as the market was already close to the stop the system had already calculated, it was worth the… Read more
The Average True Range indicator measures the volatility of a market and that information can help us do several things. We can decide: If a market is volatile enough to trade when compared to its recent past What price to enter on a breakout Where our stop loss should rest… Read more
Spotlight Power Trader is one of our flagship trading strategies that has seen tremendous results over the years. When used as intended, it delivers consistent, ongoing trading profits and can help a trader achieve his or her financial goals. The purpose of the Spotlight Power Trader is to be able… Read more
With the laundry list of variables that people say are needed to succeed in trading, is being consistent often overrated? From having sound money management that respects the expectancy of your trading system to having a trading plan, there are many things to consider. Getting consistent trading results in a… Read more
One thing Spotlight Power Trader has taught us is the ‘power’ of the well tested trade plan. Trade plans help us mitigate the random distribution of wins and losses by giving us a road map to follow where we always know the odds are on our side to quit trading… Read more
For this week’s Options Trade Of The Week we will look to sell an Iron Condor on Target (Symbol: TGT). Target released their quarterly earnings this past week which can often times lead to a period of consolidation – sideways market. One way to make money from a choppy stretch… Read more
If trading is exciting, you are doing it wrong and I will say that our trading plan for the crude oil inventory report is not exciting, but it is reliable. How do we do it? Simple. We follow the rules of the trading plan for the inventory report with our… Read more
When a trader misses a trading opportunity, they run the risk of skewing the expectancy of the trading strategy and can turn a true winning system into a losing one. As you may know, the traders at Netpicks take trading logs seriously – to the point that we actually give… Read more
Our Options Trade of the Week usually has one focus but given the big moves in both gold and oil, this week we are going to take advantage of the moves they have made. Here is how it breaks down: GLD (Gold) A large move to the downside makes us consider… Read more
When I mention the words “simple trading”, I am not talking about randomly putting on a trade and hoping for the best. You need a trading (hopefully simple) strategy that has an edge and along with risk management under control, you let the edge play out over time. But simple… Read more
Not every trading session goes like we plan and it’s up to every trader to not get frustrated by failed expectations. Being frustrated can take us down a rabbit hole where all types of issues can crop up: Revenge trading Trading too big of size Grasping at profits What is… Read more
I’m very excited about the new Spotlight SubZero approach. Proven and tested trading plans with measurable results that are shown to put the odds in a trader’s favor are the keys to on going trading success. What most people fail to realize is that there is a random distribution of… Read more
Apple has moved higher 9 days in a row over the last 2 weeks and as a result, we are extremely overbought in the near term. While this doesn’t mean the stock has to move lower immediately, there is a good chance we see a period of consolidation over the… Read more
Trading the YM – Dow E-Mini – live with the Spotlight Power Trader is one of the most straight forward, easy to follow, and effective trading strategies I know of. You can trade it directly from the chart with the entire trade completely planned from start to finish. Having a… Read more
The demand we’ve had for Spotlight Power Trader during the launch absolutely swamped me so I apologize for not posting last week’s crude oil inventory report trade. Those of you who follow all my crude oil inventory release trades know I attempt to post them every week shortly after the session. … Read more
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
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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