Here is a quick overview for an understanding a standard deviation chart data set. You can see how the examples of the data will fall within one standard deviation of the mean for approximately 68% of the data set, staying within two standard de... Read more
A simple moving average is a technical indicator that you can use to quantify price trends and trading signals. Moving averages can be used for the following: Entry signal Exit signal Trailing stop Stop loss Profit target To scale into a positio... Read more
How do you identify supply and demand zones on a chart? Areas of supply for a market is at overhead price levels is what creates resistance. An area of supply is a price zone where many traders and investors are holding a stock and willing to se... Read more
Bruce Kovner was one of the biggest traders in the world in the interbank currency and futures markets during his career according to author Jack Schwager. He is the founder and chairman of Caxton Associates, a global macro hedge fund. Kovner re... Read more
Trend Following by Michael Covel is the bible for traders interested in learning how trend trading works as a method. This book explains the principles and concepts that you will need to understand for how the best trend following traders made t... Read more
An online options profit calculator can help with the math of understanding the dynamics of an option play from opening it until it is closed and whether it is profitable. An option play can be long or short with one leg (position), it can be a... Read more
Market Wizard Richard Dennis was a legendary commodities trader nicknamed the “Prince of the Pit.” Early in his trading career in the 1970s, he was loaned $1,600 and is said to have grown it into $200 million in approximately a decad... Read more
How much would you think a penny doubled everyday for 30 days would end up being just guessing? $10 dollars or $100 dollars maybe? How about over $5 million dollars? How is this possible? Through the power of compounding. “Compound interest is... Read more
A trading journal is a trading book you write about your own journey, system, risk management and lessons learned. It helps you clearly see your past mistakes so you don’t repeat them in the future. Your edge as a trader is the advantage y... Read more
Here is a link to a great stocks and options tracking spreadsheet template on Google documents that can be used for tracking your trades. This spreadsheet allows you to keep track of each of your trades and manage them in one place. Click here t... Read more
