Every morning we prepare for each market day in an objective and methodical way, coming armed and eager with a winnowed list of the “best” long and short trade ideas. They might be aggressive continuation plays; professional gaps; failed patterns; morning day trade longs into the reversal periods, or just other “watch” items that have…
For many, the process of learning to become a consistently profitable trader can be both long and demanding. I know that for myself, every facet of my emotions were tested and I really saw what “I was made of”. Of all the things I’ve accomplished, the process in working to become a consistently profitable trader…
Creating a sound trading plan is essential for any trader who wants to be successful. Establishing and adhering to such a plan will pay long-term dividends, as it will help traders define their goals, minimize risk, and manage their emotions while trading. A successful trading plan should be highly detailed and should include risk management…
If you are having difficulty in this market, it’s VERY IMPORTANT to not only follow your plan, but also to “Return to Basics”, which is a subject I want to cover today. After a frustrating string of losses, many developing traders begin to search for the Holy Grail or magical solution that will turn around…
Fear is a powerful emotion that can not only be detrimental to traders but can have a large and lasting impact on their profits. Day traders essentially make decisions about buying and selling stocks on a daily basis if markets are open. To successfully make these decisions, traders must be brave, attentive, and unshaken throughout…
Have you ever felt the inability to pull the trigger to get into a trade at the right moment? Then chased the stock only to your detriment? Have you ever taken profits way before your target because the stock merely “jiggled,” only to sit on the sidelines, watching your stock run to its original target?…
Despite sharing core technological foundations, blockchain protocols differ widely in their technical implementations and feature sets. Certain specifications, such as the protocols determining how transactions on the blockchain are verified, can be optimized and customized to fit specific needs. Since Ethereum’s launch in 2015, it has been a central fixture of the blockchain ecosystem, but…
Last year was one of the worst years in the past 30 years. However, did you know that the average bull market lasts over 3 ½ years, and the most recent bull lasted over 10 years! We will soon find a reliable bottom to trade from and you need to be prepared to take advantage…
These Commandments of Trading Discipline are time tested bits of wisdom that will help lead any trader that implements them to trading mastery! 1) Trade free from fundamental prejudices. Hold no judgment on a stock. Don’t try to rationalize a losing position or fall in love with a winning one. A stock may have its…
The key to success in trading and investing is to be ready to change your bias as the market shows you the way. I learned a long time ago that I could not MAKE the market do what I wanted. Rather I had to learn to read the market charts properly and adjust accordingly. Knowing how…
