Candlestick charts are the most visual types of charts as they show the open, close, and intra-candle price action visually and with the full candle sentiment. All of the elements of the candlesticks have a technical meaning. The color of a candlestick reflects the sentiment on the chart for the candle period. Different Types of […]
Trading Lesson: Candlestick Formations Read More »
I talk a lot about trading psychology on this blog and in my books because, after three decades in the markets, I know it’s the difference between success and failure. The world’s best athletes are all in peak physical condition; what separates world champions from everyone else is their mental toughness, self-control, and discipline. This
5 Reasons Your Trading Account is Underwater Read More »
The truth about day trading An active intraday trading strategy is called day trading and involves opening and closing positions throughout the same day. This means that any transactions made are not kept for an extended period beyond the closing bell for the stock market or for longer than one day for other markets. The
The Ultimate Day Trading Strategies Guide for Beginners Read More »
Trading can be a complex and challenging endeavor. It requires a combination of technical knowledge, emotional control, and patience. For those new to trading, knowing where to start and what to focus on can be difficult. In this blog post, I will share five golden tips I wish I knew before trading. These tips will
5 Golden Tips I Wish I Knew Before I Started Trading Read More »
Trading psychology refers to traders’ emotions, mindset, and behavior and how they impact decision-making and performance in the financial markets. Mastering trading psychology is essential for any trader, as it can significantly impact their trading success. Trading psychology also indirectly impacts performance by affecting a trader’s overall mindset and attitude toward the markets. A trader
How I Mastered My Trading Psychology Read More »
Trading can be a very expensive educational process for professionals from other fields that feel like they are smart enough to beat the markets with no experience. In trading, we are competing against professionals and people that do it for a living have an edge. The only way to make money is to have an
How To Win The Game Of Trading: 6 Lessons Learned After 30 Years Of Trial And Error Read More »
A trading edge is what makes you a profitable trader in the markets. If you don’t know what a trading edge is then you don’t have one. If you don’t have an edge you shouldn’t be trading. Let me explain what a trading edge is and give you some examples. What does “having an edge”
How to Identify a Trading Edge Read More »
I got very lucky when I started out trading in the early 1990s as tech stocks stayed in uptrends and continually made new highs in price after each dip. Buying the dip and holding worked repeatedly much like it did in last few years in both stocks and crypto. However, after the dotcom bust of
I Became a Profitable Trader After Doing These 5 Things Read More »
Day trading is a serious endeavor that shouldn’t be taken lightly. As a day trader you are competing against professionals, algorithms, and large trading firms for profits in the markets. If you hope to make money you will need to operate like a business and not like a gambler. Success in day trading will require
Top 5 Day Trading Beginner Mistakes to Avoid Read More »
One day trading rule that many new traders don’t understand is the “pattern day trader” rule or PDT. The Pattern Day Trade (PDT) rule is enforced by the U.S. stock market regulatory body (FINRA). This is a rule for limiting the amount of active day trades a small account trader can make in their stock
How Much Money Do You Need To Day Trade? (Day Trading Rule) Read More »
