Trading Tips & Tutorials For Online Traders

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

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