This is a guest post by Cory Mitchell, CMT of tradethatswing.com. Day traders may trade on one timeframe or use multiple time frames. Which to use? Chart time frame examples: 1, 5, 15, 30, 60-minute. Also tick charts (a set # of transactions). Smaller time frames (1 minute) give more detail. Longer time frames (15min), less […]
Best Day Trading Time Frame? Read More »
Here are five of the most important lessons I learned early on in trading that could help others just getting started or traders that are frustrated not being able to achieve profitability. 1. Trade small when you are starting out. When you are starting out as a new trader: “Trade small because that’s when you are
5 Things I Wish I Had Known When I Started Trading Read More »
The wrong trading psychology is one of the biggest things that cause people to fail in trading the financial markets. No trading system will work, no matter how good, if a trader can’t follow it with discipline and focus over a long period of time. It is emotions and ego that usually cause a trader
Top 3 Trading Psychology Lessons I Leaned In 30 Years (Emotions = Mistakes) Read More »
This is a guest post by Cory Mitchell, CMT of tradethatswing.com. Most traders DO lose money. Social media makes it look easier than it is because so many people are posting their winning trades. Availability bias is believing information you see most. Seeing it most doesn’t make it true. Losers just tend to be less public
Why Most Traders Lose Money Read More »
This is a guest post by David Roads, Technical Analyst & Author The pin bar is a candlestick bar which is a very powerful formation if you use it correctly. You can catch significant market moves as this bar signals to take the trade from the beginning of the trend. We find these ideal pin
How to Trade Using Pin Bar Like a Pro Read More »
This is a guest post by Cory Mitchell, CMT of tradethatswing.com. Position Sizing isn’t random. It’s calculated based on ACCOUNT RISK (AR) and TRADE RISK (TR). A formula controls risk so we know exactly how many stocks, futures contracts, or forex lots to buy on a given trade. There are many ways to calculate position
Position Sizing Cheat Sheet Read More »
This is a guest post by Saloni Bogati of quantinsti.com. Latest technological phenomena like ML and AI transform businesses, industries, and their scope of growth. The finance industry is notorious for using the latest technologies and solutions to achieve objectives. Trading has also seen its fair share of advancements in recent years and has yielded
This is a guest post by Leo Smigel the Founder of AnalyzingAlpha.com. If you’re like most traders, you’re always on the lookout for new trading patterns to add to your arsenal. After all, the more trading patterns you know about, the more opportunities you have to make money in the markets. In this blog post,
The 5 Best Trading Patterns You’ve Never Heard Of Read More »
Most studies show that 90% of traders and investors don’t make money over the long-term. The majority of traders, even if they get lucky and profitable early just give back those gains over time. Even buy and hold investors can become shaken out of their long-term plans to not sell when a vicious bear market
How To Win The Game Of Trading: 6 Lessons Learned During 30 Years Of Trial And Error Read More »
All traders have both wins and losses regardless of their strategy and system. Much like in sports traders don’t succeed on every trade just like baseball players don’t hit every pitch and basketball players don’t sink every basket. Trading is a game of win rate and positive expectancy through bigger wins than losses on average.
Warren Buffett is a voracious reader, he said that he had read every book in the Omaha public library by the age of 11. He is huge believer in continued reading and learning all your life and to never stop growing your knowledge base. This is one edge he has as an investor, chairman, and
Warren Buffett: 11 Books That Made Him BILLIONS (Must READS) Read More »
Candlesticks are a type of chart setting available on trading platforms that creates a visually representation of price action on a time period. A candlestick shows a contrast between the opening and closing prices along with any range outside the open or close. They are colored to show bullish or bearish action. The three primary
Candlestick Charts: The ULTIMATE beginners guide to reading a candlestick chart Read More »
Trading psychology is the emotional and ego elements that enter into buy and sale decisions during the decision making processes of buying and selling along with how big of a position to take. Humans are emotional beings and don’t always act rationally. Crowd behavior is what causes the huge asset bubbles that become far removed
Trading Psychology: Why Normal Doesn’t Make Money Read More »
A list of the current highest short interest stocks can be a great place to look for potential deep dip value buys. The most shorted stocks on major U.S. stock exchanges is also a good list to watch and stay updated on for potential short squeeze opportunities. The higher the short interest percentage rises in ranking
Highest Short Interest Stocks 2022: August Update Read More »
A plan quantifies intentions or decisions about what you are going to do ahead of time. It is a map or decision tree that acts as a guide as things play out. A strategy is the science and art of employing plans or stratagems toward a goal. A strategy is an integrative set of choices
A Plan Is Not a Strategy Read More »
Moving averages are technical trading tools that can help identify trends on different time frames. They can replace opinions and predictions for making trading decisions by being used as signals. Moving averages can identify trends and swings in price action in real time also signal range bound markets when they go flat with no directional
BEST Moving Averages for Crossover Trading Strategies Read More »
At the time Michael Burry first warned about inflation it was still under the Federal Reserve’s target rate of 2%. When Burry turned bearish in early 2021 he was in the minority, as most people in the financial world were bullish and central banks and politicians believed inflation was transitory. Since then, inflation has now
Michael Burry’s Latest Warning For The 2022 Recession Read More »
By Scott Redler What is your goal as a trader? To make $1,000 a month? $1 million a year? No matter how big your goals are, you have to start by not losing. You have to start by avoiding common mistakes that can take away your money, your confidence, and your pride. So let’s go
13 Reasons Why Traders Fail Read More »
Jesse Livermore is one of the most fascinating trading legends in history. His rise from humble beginnings to the peak of trading success and his multiple bankruptcies and final ending has fascinated people from his own time until today. In his teachings we can learn what to do in the markets to make a fortune
Legends of Trading: The Story of Jesse Livermore Read More »
An algorithm is a process or set of rules to be followed in calculations or problem-solving, especially by a computer. What if there was a system that people used knowingly or not, to become wealthy? Is there a mental process that people can use to program their selves to be successful and rich as a
The Billionaire Algorithm (It can change your future) Read More »