Cory Mitchell - BinaryOptions.net - Page 5

How Trading Should be Run Like a Business

May. 27, 2014

Whether you’ve heard it before or not, trading should be treated like a business. After all, you are starting out with some capital and devising a plan to make money off that money, hopefully enough that you can live off. Trading isn’t easy, but neither is running a business, which is why most business and […]

Trading False Breakout in Weak Trends

May. 25, 2014

Many traders try to trade breakouts, but many of those breakouts fail resulting in a losing trade. A failed breakout is when the price moves beyond a former high or former low, making it appear like the price is going to continue to run in that direction. Instead, the price quickly reverses, trapping a bunch […]

Diversification for Day Traders?

May. 23, 2014

It may seem a little strange but there are three types of diversification I commonly use when I day trade or swing trade. This is not a complex process, by diversification I am  simply taking about having multiple trades on at the same time, and for different reasons. I will use the forex market for these examples, […]

Seven Guidelines to Help Develop a Trading System

Follow these seven guidelines and you are more likely to design a profitable trading system, and not fall prey to ridiculous marketing campaigns that promise you riches overnight. These principles can be applied to any research project, and are adapted from Perry Kaufman’s work in the book New Trading Systems and Methods. Find Your Premise […]

When NOT to Trade

May. 22, 2014

How near term seasonality affects when to trade There are many reasons for when not to trade. Today I want to focus on seasonality in the markets. Many traders forget to think about when they are trading and this is often why their trades will fail. What would constitute a strong signal in a market […]

Trading in the Zone, and Staying There

May. 20, 2014

Ever partaken in an activity where you were so immersed that you weren’t even really aware you were doing it? You simply did what needed to be done. There was not question or doubt, you simply executed, and you executed well! As a golfer I dream about rounds when I am “in the zone.” Everything […]

The Three Biggest Trader Mistakes

May. 19, 2014

While there are many mistakes that can hurt a trader, these are three big ones. Get a handle on these and many other aspects of your trading will fall into place. Risking Too Much on Each Trade I address risking too much a lot in my articles because it is so important. I recommend not […]

Forex Trade Set-Ups Being Watched for Week of May 19

May. 16, 2014

Friday May 16 has been a pretty quiet day (so far), but that may set up some good trades next week.  Here are some trades I have on, as well as a few set-ups I am waiting for. These are swing trades in the forex market, so I am using stops and targets. Trades are […]

Trading and Analysis are Different, Don’t Confuse the Two

Many traders think that if they can predict where the market is going next they will be a profitable trader. This is a fallacy. Trading and analysis are different. I should know, I am a Chartered Market Technician–a supposed analyst, and I do some analyst work–but when I trade I shut that aspect of myself […]

Getting Through the Initial Ups and Downs of Trading

May. 15, 2014

I was going through a forum the other day and reading the questions from new traders. One topic which came up fairly regularly was how the new traders had lost one, or a few, small deposits.  Traders had typically deposited between $100 and $1000, and through trading it was now gone. This type of start […]