Bottoming and topping tails are my favorite pattern enhancers. They can even be used as patterns on their own as discussed in the article. However, that should only be done with experience. In the article I talk about bottoming tails, but everything discussed can be applied for topping tails, in reverse as well. As you…
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A question that frequently arises in our seminars is one that revolves around the success rate of various trading patterns. To this, we often pose a counter-question: What type of market are we discussing? Is it an upward-trending market, a downward-trending one, or perhaps a sideways meander? The questioner, often met with a quizzical expression,…
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Are you constantly trying to improve your trading or at anything really? If you are, are you having success? If not, you might be going about it all wrong. I’ve watched many break-even traders for a long time and what I notice is that they are good at a few things. Unfortunately, those few things…
Whether you’re a novice trader taking your first steps into the world of financial markets or an experienced hand honing your craft, the allure of trading can be irresistible. The thrill of executing a trade, the pulse-quickening excitement as the market moves, and the tantalizing possibility of profit – it’s a rush akin to stepping…
In the exhilarating realm of trading, one mantra stands out above the rest: “The trend is your friend.” It’s a timeless adage that, unfortunately, many traders overlook or underestimate. Yet, the importance of understanding and harnessing the power of trends cannot be overstated. The market, after all, is a mosaic of individual biases and actions….
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Introduction: Day trading, often misunderstood and plagued by misconceptions, is a serious business that holds immense potential for financial growth. As a seasoned trader with over 18 years of experience, I’m here to debunk common myths, shed light on the true essence of day trading, and offer guidance on how to embark on this journey…
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Being present in the moment is crucial for success in any endeavor, and trading is no exception. In the fast-paced and unpredictable world of financial markets, maintaining a state of presence can make all the difference between profitable decisions and costly mistakes. Presence in trading refers to the ability to fully engage with the present…
Trading, often glamorized for its potential profits, is equally known for its challenging nature, particularly when it comes to dealing with losses and losing streaks. The emotional roller coaster that follows a significant loss can be overwhelming and can lead traders down a path of impulsive decisions. However, recognizing that losses are a natural part…
Trading is often portrayed as an avenue to financial freedom and success, but it’s important to recognize that it’s not a path without obstacles. Engaging in trading, whether it’s stocks, forex, or cryptocurrencies, presents a myriad of challenges that can make it an incredibly demanding and complex endeavor. Here’s a closer look at some of…
Introduction In the dynamic world of financial markets, trading is an art that demands continuous learning and adaptation. While there are numerous resources available – from books to online forums – nothing compares to the immersive and transformative experience offered by the Live Traders Trading Mentorship. This annual event brings together aspiring and seasoned traders…
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