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 long a 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 […]
Mistakes cost a lot, and most traders have no idea the actual dollar value of those mistakes. You could be adding hundreds or thousands of dollars to your income each month; re-claiming money that was yours, but was lost to correctable mistakes. […]
For each strategy you trade, have a pre-trade checklist. Before placing your orders, go over the checklist to make sure that the trade meets your strategy guidelines. It is a quick spot-check to make sure you’re allocating your money to a […]
We’ve all had those moments in trading where we know we shouldn’t do something, but we do it anyway. Or we should do something, but we freeze instead. A split second later we’re wondering what happened. It’s like we were […]
These are the TradeThatSwing trading videos that got the most views in 2022. They cover various trading topics including trading tools, strategies, scanning methods, position sizing, and more. Check them out to learn something new! Or rewatch for a refresher […]
We all know that as traders we need self-discipline and control. We need to follow our trading plan, and not be taking a bunch of random trades. While we know that, often we can’t do it. So how do we […]