Learning Overbought and Oversold signals for day trading and swing trading with oscillator indicators is a common teaching in technical analysis. They can work with the stock market, Forex, futures, e-minis, or most anything where you can plot price action on a chart. There are actually 3 types of overbought/oversold signals, but only one of … Continue reading The Only Type of Overbought & Oversold Trading that Works
Category Archives: Day Trading
Can day trading be profitable? Can it even make you rich, or will it make you broke? The same could be asked for swing trading in any market, whether it’s Forex, the stock market, E-minis or futures. Today I answer a question from a frustrated trader who has been trying (unsuccessfully) to be profitable for … Continue reading Can Day Trading be Profitable? Here’s the Solution If You’re Frustrated
3 places your orders can reside: Your computer Your broker’s server At the exchange Some advantages/disadvantages of each: Your computer: Good: protect you from trading blind if your computer or internet service goes down for day traders. Bad: slower fill Your broker’s server: Good: Faster than on your computer. You’ll get you filled even if … Continue reading Why the Pros Get Their Trades Filled Before You!
Can market makers see where you place your orders so they can “run your stops?” The specifics will vary depending on whether you’re trading stocks, futures, Spot Forex or Options. Not only human market makers, but also, and perhaps more importantly, market making algorithms that are programmed to run stops. It’s not most accurate to … Continue reading Can the Market Makers See Your Stops?
This is the part 2 of a long discussion I had with David about his new journey into day trading the stock market. It became a very organic and spontaneous discussion with many unexpected turns including: How techniques for attracting women apply to trading. How an individual’s unique personal history influences their trading success or … Continue reading David Wygant Interview: The Trading Psychology Challenges of a New Stock Trader, Part 2
Rande Howell Interview: Mastering Trading Psychology This interview with Rande Howell from “My Trader’s State of Mind” is one of the most insightful and interesting I’ve ever heard about trading psychology. Rande Howell, Trader Psychologist, has more than 15 years of practice as a licensed therapist and performance psychology coach. His work centers on how … Continue reading Rande Howell Interview: Mastering Trading Psychology
WHAT’S THE BEST TIME INTERVAL FOR DAY TRADING? THE 5 RULES: The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade. This is from entry to protective stop. If holding overnight, then is risk of your hedge. Keep going smaller in time interval, and find … Continue reading What’s the Best Time Interval for Day Trading?
The Market Took All My Money! Successful Trading is in Your Control – Learn How Now. “Extreme Ownership” is the opposite of entitlement. Take control. Being in control requires responsibility, so many of us prefer to say that things are outside of our control. Examples of: Scam alert websites. Ripoff report websites. No, your’e not … Continue reading The Market Took All My Money!
Trading is a business of probability. Every trader will take losses, so we need to use protective stops. Many traders take profits quickly but hold on to losing trades – it’s human nature. We take profits because it feels good, and we try to hide from the pain of losses. 3 BAD TYPES OF PROTECTIVE … Continue reading The Best Place to Put Your Protective Stops
Many say there’s no such thing as a leading indicator. They even take pride is saying they only use pure price action and volume. I’m not sure why they think that’s so impressive: They say that all indicators are lagging and that they only plot what’s already been done in the market … and that’s … Continue reading The Best Leading Indicator