trading videos

13 Forex Trading Tips Every New and Experienced Trader Must Know

Last updated on November 7th, 2019 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... Read moreread 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 moreread more

Scale And Trail Your Trading Profits?

Last updated on November 7th, 2019 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... Read moreread more

Here Is How to Stop over Trading and Become a Winner

more trading profits

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 moreread 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 moreread more

90 Second Crude Oil Trade Win

Last updated on November 4th, 2019 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... Read moreread 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 moreread more

Take A Break From Your Trading Screen

take a break

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 moreread more

Is Your Trading Really Just A Hobby?

trading as 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 moreread more

Use A Trading Indicator With Price Action

Last updated on November 4th, 2019 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... Read moreread more

Your Fake Motivation Will Hold You Back

Last updated on September 22nd, 2017 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... Read moreread more

Trades of Opportunity | Spotlight Power Trader

trades of opportunity

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 moreread more

Worst Time To Day Trade Most Markets

WORST TIME TO DAY TRADE

Last updated on November 9th, 2019 One of the worst times to day trade is during the time when many traders take lunch and this is a good time for you to stand aside.  To go on further and elaborate a little on why I say this and to make... Read moreread more

You Are Wasting Time Asking These Types Of Trading Questions

Last updated on September 9th, 2016 Ever hear that if you want a meaningful answer, you need to ask the right question? Asking questions in a general way will give you an answer that is not actionable. That is what you are looking for though. You want an answer that... Read moreread more

Being Average Is Easy

average trading goals

Last updated on July 8th, 2016 The hard truth is that people are prone to mediocrity. They talk a good game but in the end, they fail to move forward with any plan on attaining what they dream of the most. Even worse, they tend to criticize those that have... Read moreread more

How To Trade Multiple Time Frames

multipe time frames for bigger picture

Last updated on November 4th, 2019 We live in a time where many on any given city street will have their heads buried in their smartphone. Totally oblivious to the world around them, some of these people have walked directly in front of oncoming traffic. Whether driving, walking or riding... Read moreread more

Using an Excel Trade Log

Last updated on November 9th, 2019 I was doing some work on a Trend Jumper trade plan for the British Pound Futures (6B/BP) and decided that it’d be a nice idea to share some of the work I’ve been doing in an Excel Trade Log at the same time. Netpicks already... Read moreread more

Mastering Technical Systems and Trading Psychology

The Trading Book

Last updated on November 7th, 2019 “..her reputation for good ideas is second to none. She offers complete and detailed ideas around her strategy and then follows up with commentary on how trades performed.” – Howard Lindzon – Stock Twits founder When Netpicks heard these comments from Lindzon, we had... Read moreread more

Profit From Trapped Traders

Last updated on November 7th, 2019 The concept of profiting from traders who are trapped in a losing position is simple. These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits. Wyckoff is actually the person who... Read moreread more