Overtrading has become the number one demon for many traders. The reason is not hard to understand. A trader is overwhelmed by the ability to buy and sell large shares of stocks in just a fraction of a second. They have without doubt done some trades where they made large sums of money, perhaps a…
Do You Have the Discipline to Trade for a Living? That’s the question for the ages isn’t it! To succeed in this business, you are going to have toget an education. You are going to have to develop a trading plan that includes strategies andmanagement techniques that you will have learned during your education. You…
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At Live Traders we don’t base our decision-making process on news, upgrades/downgrades or fundamental information. We use charts, period. I trust you all agree on that, or you probably wouldn’t be reading this blog post. But the sole fact that someone can read a chart doesn’t make him/her a trader. Only charts display the constant…
Prices evolve in multiple timeframes. That is a fact of the market. Institutions and traders also view and analyze securities in diverse timeframes, and this creates the cycles of greed and fear that we’ve come to know as “The Markets Basic Atom”. Today’s advanced charting and trading platforms allow the trader to view and analyze…
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Trading is a wonderful business. As each year passes more and more people are discovering this amazing industry. The freedom, flexibility and potential income can all be fantastic, IF you’re able to last! Success will not come overnight; it’s the steady, consistent trader that will succeed. There is no easier way to achieve this than…
Short-term trading and long-term investing are two popular strategies used by investors to make money in the stock market. While both have their own advantages and disadvantages, many traders believe that short-term trading is better than long-term investing. One of the main reasons why short-term trading is considered to be better than long-term investing is…
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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…
