10 Metrics that Lead to Trading Profitability

10 Metrics to Profitability

  Just like in the movie "Money Ball" where they quantified what was the most important factor that lead to wins in baseball games, I have also tried to help new traders cut through all the noise, and focus on what really matters. The quantification and capture of trends for profits in the time frame you are trading, is the most important aspect of what we do. Here are … [Read more...]

10 Pathways to Trading Success

Pathway to Success

  There are many paths to trading profitability, but all the paths have similar steps. Here are some important steps you must follow on your path to profitability. The amount of success you have in trading is primarily based on the amount of homework you do. You must develop a winning trading system that is based on previous price history, trend capturing in your … [Read more...]

Tradeshark Software Review: Jack Schwagers Technical Trading Tools

Jack Schwager has personally interviewed the greatest traders of our time. He has published several timeless classics, among them my favorite trading book of all time "Market Wizards". I was thrilled when I heard that Mr. Schwager had developed his own technical indicators, and they were available through TradeShark.com. TradeShark was¬†generous enough to set me up on their … [Read more...]

30 Reasons Most Traders Don’t Make Money

The common held belief in the trading world is that 90% of traders are not profitable long term. This was based off some old studies of brokerage accounts. I read the original source article long ago in a trading book that referenced it. Other more recent studies seem to have found that the failure rate could be as high as 95%. What causes the majority of profits to go to such … [Read more...]

Two Different Types of Entry Signals

Here are two types of buy signals that traders can use. Swing traders have difficulty understanding how momentum traders like assets at higher prices and momentum traders don't want to buy something that is not moving straight in one direction. I hope this sheds some light on two different kinds of traders. Momentum Signals: This is buying into price strength. You buy … [Read more...]