Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
Fortunes can be made and lost on any given day and in any given time frame. No market is immune to rapid movements in price and that includes Bitcoin and cryptocurrency trading. Unexpected news, surprising comments from key people or way out of line economic data can all catch the markets off… Read more
Day trading can be a stressful way to make money, keep any profit you make and traders should have a “trading preparation” checklist as they come into their trading day. Like so many other things in life, the level of attention paid to trading preparation is frequently not what it… Read more
Bitcoin mania is alive and well to the point that “How to buy bitcoin” was one of Google’s most popular searches in 2017. One of the driving forces behind bitcoin’s popularity is the fact that it is a global phenomenon. It is not confined to a few countries but instead,… Read more
With all of the excitement on Bitcoin these days it’s important as traders to look into how we can profit from the movement. We have not seen something this volatile and potentially lucrative in the long and short term as we have with cryptocurrencies. Is Bitcoin going to $1,000,000? Is… Read more
Simple works in trading and by that I mean pullbacks and breakouts from consolidations because that is how the market operates. Markets move from a trending environment to a consolidated environment repeatedly which makes taking advantage of simple price patterns a smart play. In an earlier post about pattern failures,… Read more
The public awareness of Bitcoin and alt currencies is increasing which is the first stage of public acceptance. A simplified version of how growth occurs: Small % of the mainstream has awareness of X and growth is slow As news continues to cover X, more of the mainstream becomes aware and growth matures Once… Read more
During the past few months, there has been an endless stream of articles, reports, dissertations and blog posts discussing the many benefits of bitcoin and the cryptocurrency market in general. The majority of these articles focused on bitcoin’s future role in: payment processing banking smart contracts distributed storage and other… Read more
There are a handful of trading patterns that have a statistical edge in the market. One of the most popular among traders is the simple bull or bear flag otherwise known as a pullback. The pullback pattern actually capitalizes on the basic principle of how a market trends: strength with impulse moves in… Read more
Since its inception in 2009, Bitcoin has overcome many obstacles and challenges. Without question, the digital currency is in much better shape regarding social acceptance versus eight years ago. It appears bitcoin is on its way to becoming used as a medium of exchange on a global basis. However, there… Read more
In a 2 part series about an objective way to draw trend lines, there was something important that is a must for any trader. While trend lines can give you a great view of the current market structure, some people may be thinking they are also an entry into a… Read more
We want to make money in trading. Sounds like an obvious statement and it is but having that as your first goal is not something you want to do. Trading goals are vital just as setting goals in anything can help you attain them with a proper plan but you… Read more
During the past several weeks, it’s been almost impossible to avoid hearing or reading a story about bitcoin, particularly within the financial community. It seems that “bitcoin mania” is sweeping the globe. Given the fact that bitcoin is still in its infancy stage, there remains a number of unanswered questions… Read more
In a world where the information available to us is growing at an exponential rate, we must be mindful of the fact that we have a limited capacity to receive, process and incorporate ideas into our own lives and into our trading session. What you pay attention to can also… Read more
With the massive run in Bitcoin, Netpicks has had some inquiries about cryptocurrency trading and if it is something that we will take a look at for our Inner Circle members. Nobody can deny the popularity of cryptocurrencies especially after seeing Bitcoin run upwards for $3000 this week topping the… Read more
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
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
Regardless of how many posts you read in our trading tips section, the overriding theme is consistency. Consistency with method Consistency with trade plans Consistency with risk and money management It’s the consistency when trading an actual edge in the market that will lead to success over time. It won’t… Read more
The inside bar (candlestick) chart pattern shows us consolidation in price which can make it a great trading tool if you trade the inside bar setups correctly. What happens though is that many traders don’t understand what this chart pattern represents and they end up trading it incorrectly. In doing… Read more
Netpicks may be a leader in trading system development but we also pride ourselves with the level of trading education we provide. One look through our trading tips blog and it’s obvious that you and your success is a priority for us. That’s why our trading room is so popular. … Read more
A breakout is a common price pattern and they are a frequent occurrence in any market. There occur at enough frequency that there are breakout traders who only look for that type of price action. Think about it: Where does a trend start? On the breakout of consolidation so knowing… 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
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
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
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