New traders make the mistake of being biased to current market conditions and do not consider that it is only a phase, bull markets, bear markets, and range bound markets are a cycle that plays out over and over. From trending and non-trending to […]
Five Key Belief Errors New Traders Make Read More »
The 50 day sma bounce that most traders expected did happen Wednesday and it was fast and furious moving from the near term support back to resistance in a manner of hours. There really was no choice but to go long with that massive reversal candlestick, the bulls won. We now have two days
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The Top Ten Skills of Profitable Traders They Develop robust systems using principles and patterns that work and are based on historical back testing. They Write a trading plan that fits their personality and results in profitability. They have the discipline and self control to
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@The_Real_Fly Your opinion about the poll has been noted for future reference. — Steve Burns (@SJosephBurns) December 20, 2013 @SJosephBurns And your belligerence has been noted for future battles — The_Real_Fly (@The_Real_Fly) December 20, 2013 Ouch!! pic.twitter.com/vN4MOREtsU — DK1 (@canuck2usa) December 18, 2013 Markets have potential for a very powerful psychological/sentiment
My Favorite Trading Tweets of the Week Read More »
After almost 2,000 votes being cast in my poll: “Who has been the most helpful trader on twitter for you in 2013?” here are the final results listed below in order of votes received. These are based on actual votes received, they are not my picks or opinions. Some of these are great professionals that
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Binary Options: The Basics There are several financial markets available to investors, including the stock markets, FX markets and commodities markets. The binary options market is a newcomer to the financial scene but many investors are jumping on the bandwagon. In fact, binary options trading has become the vehicle of choice for investors looking
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A Dozen Dumb Things That New Traders Do Being a stubborn bear in a bull market. Being a stubborn bull in a bear market. Risk your entire trading account on one trade. Trade an account that is so small
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Here are ten good trades a trader can make with their psychology, risk management, and methodology. We have to trade bad behaviors to good behaviors before we attempt to trade any markets for a profit. Trade big losses for small losses through the right positions sizing and stop losses. Trade small wins for big wins through trailing
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Studying trading and actively participating in the markets has profoundly impacted my life, teaching me lessons that extend far beyond financial gains. The core principles of successful trading—risk management, psychological discipline, and systematic methods—have not only enhanced my performance in the markets but also significantly improved my career, business endeavors, health, relationships, and personal life.
Things Trading Taught Me To Do In My Everyday Life Read More »
For most traders volatility is harder to trade profitably than trends and chart patterns, this is a time most traders should be in cash and waiting for a set up or trend to develop. The daily gyrations if watched all day can really mess new traders up. The plunge below the 21 day ema
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