A candlestick is a type of chart used in trading as a visual representation of past and current price action in specified timeframes. A candlestick consists of the body with an upper or lower wick or shadow when price trades outside the open and closing prices. Most candlestick charts are colored showing a higher close […]
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The bullish wedge pattern shows price action falling in a downswing but breaks its descending upper resistance trend line to reverse higher into an uptrend. The falling wedge pattern can fit in the continuation or reversal category. When it is a continuation pattern it will trend down, however the slope in the wedge will be
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What are quants in trading? Quant derives from quantitative, which is about quantifying through math using numbers. A quantitative analyst is a trader who uses math for their trading decisions like signals for entries and exits along with position sizing. Quant traders analyze large amounts of historical market data with complex models using math and
A list of the current most shorted stocks right now can be a great place to look for potential deep dip value buys. The stocks with the highest short interest on major U.S. stock exchanges is also a good list to watch and stay updated for potential short squeeze opportunities. The below company stocks have the highest
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A common misunderstanding among new option traders is that 80% to 90% of all option contracts expire worthless, so a seller of option premium will have a higher win rate than a trader that buys options. This belief misinterprets a statistic published by the Chicago Board Options Exchange (CBOE) that only 10% of option contracts
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A bear trap happens as too many people sell short into a falling downtrend on a chart to new lower prices too late in the move. Bear traps typically occur when sentiment becomes extremely bearish and fear is near a peak. When a bear trap is set on a chart it will usually also be
Professionals don’t count their money while they are working they focus on execution. A surgeon doesn’t look at the clock for how much money they have made, they focus on the surgery, patient, and process. Professional athletes keep their eye on the ball and not the scoreboard when they are on the field of play.
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A W pattern is a double bottom chart pattern that has tall sides with a strong trend before and after the W on the chart. The W chart pattern is a reversal pattern that is bullish as a downtrend holds support after the second test and rallies back higher. This pattern is created when a
Price action patterns are the visual moves that happen on the chart from the interaction between buyers and sellers at different price levels. At the candle level, a trader can see the micro price action and when the trader zooms out on the chart to a higher time frame they can see the full context
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Chart patterns provide context for applying key levels to trade off of on a chart. One group of similar chart patterns uses the XABCD harmonic chart pattern. The XABCD is a 4-legged group of reversal patterns. The XABCD pattern was first observed and noted by Harold McKinley Gartley. These types of patterns is a road
Here are ten of the best trading books that tell the ups and downs of the trading journeys of successful traders. Unlike other trading books that discuss technical patterns, systems, and psychology, these books tell how a trader experienced the markets in real time. They can be very educational to hear how they navigated different
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The current Mark Cuban net worth in 2022 is $4.5 billion.[1] Mark Cuban is listed as the #247th richest person in the United States on the Forbes 400 list. He is also ranked at #655 for the richest person in the world on the Forbes billionaire list. While a college student in the 1980’s at
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Here are my top picks for the best books on risk management for traders. These books cover the importance of position sizing, stop losses, trailing stops, total risk exposure, leverage, risk of ruin, and surviving losing streaks. Risk management is a crucial aspect to profitable trading along with a trading system with an edge and
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Here are some great trading statistics researched by Rolf of Tradeciety and Austin Silver. Here are 40 statistics and data on traders that you may have never heard about.[1] 80% of all day traders quit within the first two years. Among all day traders, nearly 40% day trade for only one month. Within three years,
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Here are the current richest people in the world in 2022. Looking at this list it is clear that founding and building a business while keeping a large amount of equity ownership in the company is the path to world class wealth. Nothing creates net worth on a larger scale than the leverage of building
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The current Jordan Belfort net worth in 2022 is approximately negative -$100 million because he owes to victims of his old firm. Jordan Belfort is best known for his best selling 2007 Wolf of Wall Street memoir book that was later turned into a blockbuster movie with the same name that starred Leo DiCaprio. He was
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There are currently approximately 149 cryptocurrencies available to trade through the Coinbase broker service or through their Coinbase wallet. This is a good fundamental bullish indicator for a cryptocurrency as being listed on Coinbase introduces it to a new audience of traders and investors and helps create more liquidity. Being listed through Coinbase’s brokerage service
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Here are the best trading books to read after you have mastered the basics of trading and understand the importance of creating a strategy with an edge, use proper risk management, and manage your mind and emotions. These ten trading books dive into more details for trading price action, managing different levels of risk, and
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I have read more than 1,200 nonfiction books over the past 30 years over many topics like trading, investing, nutrition, success, psychology, business, and human performance. I have been asked for my top picks for suggested reading of the ones I have found to be the best. Here are my top 20 picks for the
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A list of the current most shorted stocks right now can be a great place to look for potential deep dip value buys. The stocks with the highest short interest on major U.S. stock exchanges is also a good list to watch and stay updated for potential short squeeze opportunities. The below company stocks have the highest
Current Most Shorted Stocks 2022: January Read More »