A trading plan is a document we create for ourselves that outlines exactly how we will trade and operate in relation to our trading activities. Having a trading plan, and following it, builds consistency and allows for improvement over time....
To get into the zone for day trading, I recommend having at least a 5-minute pre-trade routine that you do before you start looking at charts or placing orders. The routine gets you into the proper mind frame: focused, detached...
Averaging down is adding to a position as the trade loses money. The logic is that buying at lower prices reduces the cost of the position. This increases the gain if the price goes back up, or gets the trader...
Van Tharp focuses on trading psychology and has been doing it since the 80s. He attempts to get traders to realize their full potential by removing blocks and mental obstacles that are affecting/hurting their trading. The Peak Performance 101 workshop...
There is a wide range of trading systems and traders, ranging from fully-automated and 100% rule-based, to some rules with discretion, to basically no rules and total discretion. One style of trading will certainly fit us better than other styles,...
Here is the real answer on the odds of becoming a successful day trader. This data is based on the success rate I witnessed while day trading for a propriety trading firm for 6 years, and also from conversations with...
These day trading practices have the potential to dramatically improve results. Day trading is a mentally engaging process, and these practices are designed to keep us alert and focused, yet relaxed and confident. All key ingredients for trading well and...
Knowing how a long trade may last has multiple benefits. Before taking a trade, write down or be aware of how long similar trades have typically taken before reaching a profitable exit, such as a profit target or trailing stop loss. Do...
Trading Courses
My Favorite Charting Platform
Top Trending Stocks (INO)
AM/PM Market Commentary (INO)
