When it comes to managing risk in trading, the debate over hard stops versus manual stops is a common topic of discussion among traders. At Live Traders, we firmly advocate for the use of hard stops within the trading system. We’ve seen too many traders fall victim to the pitfalls of using soft or flexible…
Live Traders Trained Traders understand that successful trading requires a systematic, disciplined approach—one that integrates a comprehensive understanding of market dynamics. At the core of Professional Trading Strategies (PTS) lies the Top-Down approach, which empowers traders to navigate the markets with precision and confidence. A key component of this approach is the analysis of sectors,…
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There are two types of people:• On time people• Late people “On time” people will always find a way to be on time unless an entire sequence of awful events takes place because there’s something inside of us (yes, I’m one of them) that makes it so, so unacceptable to not keep the time agreement….
In the dynamic realm of swing trading, where precision and strategic decision-making reign supreme, Live Traders Techniques offer invaluable insights, particularly honed through the Professional Trading Strategies (PTS) course. As traders embark on the journey of capitalizing on price patterns for both income and wealth-building, the focus sharpens on crafting meticulous entry strategies that align…
Every trader knows the obvious risk of holding onto losing positions: you can lose more money. But beneath the surface, there are deeper, more insidious dangers that can cripple your trading career—sometimes permanently. Yes, there are legitimate reasons to hold a losing position, such as tax considerations or restrictions related to company stock. But this…
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You’ve heard the analogy before: A leopard can run up to 60 miles per hour, but it doesn’t sprint aimlessly across the savanna. It hides, it waits, and it targets the weakest prey—the one with the highest odds of success. This isn’t about speed. It’s about odds. Whether it’s a leopard stalking a gazelle or…
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Embarking on a career in trading is akin to navigating uncharted waters — challenging yet incredibly rewarding. This accountability reminder serves as a compass, guiding you through the tumultuous but fulfilling journey of trading. Recognize that while trading presents immense freedom and flexibility, it demands an equally great sense of discipline and responsibility. I. The…
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Professional trading at Live Traders revolves around identifying quality price patterns with favorable odds and establishing a strategic plan to execute trades. Central to this approach is the concept of stop loss levels, essential for safeguarding capital and ensuring longevity in the market. However, the debate between employing “tight” or “wide” stops often leaves traders…
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In the dynamic world of trading, versatility is a key attribute for success. Live Traders Trained Traders understand the importance of diversifying their trading styles and timeframes to capitalize on various market opportunities. By incorporating a blend of Wealth Building Styles, such as Core and Swing trading, with Income Producing Styles like Day, Scalping, and…
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In the realm of technical trading, precision is paramount. From pinpoint entries to meticulous stop placement, every decision plays a critical role in achieving trading success. However, one aspect that often induces stress and uncertainty among traders is the correct placement of stop losses. Despite numerous myths and misconceptions surrounding stop loss orders, it’s essential…
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