No matter what type of trader you are, whether its day trading or swing trading or even buy and hold investing, it really pays to pay attention to different timeframes before you decide to enter at trade. Usually you want to pay attention to higher timeframes rather than lower. For example, if you are looking [...]
Anyone looking to trade basically has 3 choices : Stocks (common or options), Futures, or Currencies. Sure there are bonds and a few other more exotic things, but for most people those are not an option. The most well understood is stocks, and least is probably currency pairs. Most people have heard [...]
Everyone wants a shortcut to learn day trading or any other kind of short term trading – someone to teach them the “secret sauce” that will take 10-20 years of experience and allow them to come up to speed in a few months. If you needed brain surgery, would you want the guy who [...]
Trade pig is a term I use to describe someone who repeatedly goes for the kill (huge gain) rather than accept reasonable, smaller sized gains with an occasional big one. This type of trader knows the “big one” is just around the corner, and it has not happened so many times, that they are [...]
Expecting a miracle?? Well it won’t happen. This article is written to deal with trying to trade out of a losing position, NOT to ignore stop losses. Ignoring stops is the surest way in the world to take all the money in your account and just flush it down the toilet. [...]
