There is a subtle distinction between successful and unsuccessful traders. Successful traders don’t operate out of a fear of losing, while amateurs do. Do you want to lose? Likely not, but this is the wrong mind frame for trading in the first place. Trading not to lose means you haven’t fully accepted the risk of […]
As primarily a trend trader, my goal is to trade in the direction of the trend, by entering on pullbacks and then taking my profit on the next trending wave. The basic envelope strategy discussed extensively in my day trade articles attempts to capture such moves. The problem is that unless you are very good […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. I am a college student and started trading seriously back in 2010, so what I would like to do is put […]
Only one trade fulfilled my trade requirements during the late London and early US session, yet the trade is worth discussing since it encompasses many of the concepts I have discussed in other articles. For about an hour before the US session began the EUR/USD was moving predominantly sideways. Not price action I am interested […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. So while all the strategy posts, and articles on money management, trading psychology, brokers, trading software options, indicators, and so forth […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. I wasn’t able to trade the final two days of last week (which probably wasn’t a bad thing because the market […]
One of the greatest problems most traders face can be summarized as “Not following their trading plan or strategy.” As humans beings we have several tendencies which cause this. One of the main culprits is that once we have a plan that works (or at least was shown to work in the past), we try […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. When I first began trading, I had a really lousy trading strategy that I picked up from somewhere on the Internet. […]
Reminiscences of a Stock Operator, one of the most popular trading books of all time, is based on the life of Jesse Livermore who was born in 1877. He made $100 million in the great crash of 1929, which depending on the gauge you use, is about $1.5 to $2.3 billion in today’s dollars. Jesse […]
The opening range breakout has long been a daily event many stock traders monitor. It is a way to let volatility subside a bit by waiting on the sidelines when the market opens (or trading another strategy), and then taking advantage of the trend that follows. The Right Stocks Before getting into what the opening […]