A traders emotions, ego, and thinking can become very distorted when real money is at risk in the markets. Hormones like serotonin, dopamine, and adrenaline can cause impulses and emotions to drown out thinking and decision making skills. Emotional intelligence is one of the most important skills a trader can possess, this is the ability […]
The Psychology of Trader Misjudgement Read More »
The 200 day moving average is one of the most popular price levels used in technical analysis. It is used in classic charting to define uptrends and down trends in markets. Here are twelve ways that the 200 day moving average can be used in technical trading: A close below the 200 day can signal
200 Day Moving Average Backtest On 5 Popular Stocks Read More »
Day trading is a high speed endeavor where a trader enters and exits trades on the same day before the market closes. Day traders try to capture fast moves on intraday charts usually with larger size than swing traders or trend traders. They like it that they carry no overnight risk and look for fresh
Best Day Trading Books Read More »
The Steve Burns Ribbon technical indicator is a new tool for the technical analysis of stock trends by combining key moving averages. The MA Ribbon by Steve Burns is currently available on the TrendSpider.com charting platform and can be searched in indicators and loaded onto charts. The moving averages in the Steve Burns Ribbon can
New Technical Indicator: Steve Burns Moving Averages Ribbon Read More »
Backtesting shows a trader how their signals for entries and exits would have performed in the past. While a backtest of past data doesn’t guarantee that a signal will work in the future it can quickly show you what didn’t work. What a backtest is really showing a trader is that an entry and exit
Trading Books with Backtesting Results Read More »
Panic and stress love company. Staying calm when other traders and investors are emotional gives you an edge trading. When they’re making mistakes you are making good trading decisions. When they are panicking into a chart rising fast you are locking in profits, when they are getting stopped out lower you are getting in at
Why Staying Calm Gives You An Edge Trading Read More »
The Butterfly Pattern uses the identification of quantified structures on a chart that has specific and sequential Fibonacci ratio alignments that show harmonic patterns. These patterns calculate and measure the Fibonacci aspects of the price action structures to signal reversal points with good odds of success. Traders using harmonic patterns as a trading method believe that
Bearish Butterfly Pattern Explained Read More »
An algorithm is the steps in a process or a quantified set of rules that is followed for calculating a solution to a problem, an algo is usually programed by using a computer. Algorithmic trading is a defined method commonly using automated pre-programmed trading instructions for entries and exits filtering through the variables of time
Best Algorithmic Trading Books Read More »
The following is a guest post. Why Is It Necessary To Discipline Your Daily Trade Routine? Image Credits Becoming a professional forex trader takes years of commitment and hard work. Your life pretty much mandates that you set some parameters and checks in your daily life that cohesively facilitates your actions and responsibilities. One of them
Why Is It Necessary To Discipline Your Daily Trade Routine? Read More »
There is a common saying on Wall Street “Let winners run and cut losers short.” This quote tries to express the principle of creating big wins or small losses. Creating a high risk/reward ratio through the use of trailing stops for profitable trades and stop losses for unprofitable trades is the foundation of profitable trading.
The Art of Cutting Your Losses Read More »
