Cory Mitchell

How Often Should I Trade?

Jul. 15, 2014

If you’re a day trader (or swing trader or even investor) you’ve probably asked yourself, or someone else, a similar question– “How often should I trade?” Trading too much can erase your edge in the market place, and highlight other problems such as lack of discipline or poorly defined trading strategies. Trading too little means […]

Best and Worst Ways to Learn to Trade

Jul. 11, 2014

Best and Worst Ways to Learn to Trade New traders take all sorts of different approaches to learn to trade. Here’s a look at some of the common methods, with thoughts on each to help you make the most of them. Trading Books: I personally love trading books (see 4 Great Trading Books You Should […]

The Minimum Amount of Capital to Day Trade?

It’s a very common question; let’s break it down so you can see exactly how much you will need to start day trading binary options to forex. It’s recommended that until you have the minimum balance required, don’t start trading. If you don’t have enough capital to start with, it will force you to take […]

Do You Use a Trading Log? Here’s Why You Should

Jul. 09, 2014

A trading log is where you keep a record of your trades. As a day trader logging every trade during the day is almost impossible…at least for me, because I am fairly active in multiple markets. Yet it is still important to keep a record of trades…and not just the trade record your broker should […]

4 Things You Should Know About Every Single Trade

Jul. 08, 2014

Knowing these four things about every trade you take will not only help you avoid making foolish mistakes, but can also help you read the market better. These concepts are derived (but added to) from The Complete Turtle Trader, a book that is entertaining, has some great lessons, and is worth the read. 1. What […]

Weird Psychological Quirks That May Be Affecting Your Trading

Jul. 04, 2014

Usually we convince ourselves we are acting logically, and making the best choices. This convincing actually allows us to function in the world, because if we fully realized what we are doing at all times we’d drive ourselves nuts and probably get very little done. A little bit of self deception, it would seem, is […]

Trading 2 Binary Options to Reduce Risk and Increase Profits

Jul. 03, 2014

It is a called a straddle or hedged trade, and involves taking two binary option positions in the same asset.  It has the potential to reduce risk, and double your gain. Here’s how to do it.  Assume call and put options that have an 80% payout. Step 1.  Initial Trade Like any binary options trade, […]

Watching Your Trade Doesn’t Affect It…Or Does It?

Jun. 30, 2014

You have a plan – you are going to enter a trade at a specific price. But as you watch the price approach your entry level you suddenly decide that maybe another price is better. Even though your analysis told you that was the right price to enter, now that the price is at that […]

4 Great Trading Books You Should Read

There are a lot of great books out there, but there are always a few that stand out. While I haven’t read every book out there–and I am sure there are some great ones other than these–here are four of my favorites. 1. Reminiscences of a Stock Operator by Edwin Lefevre I have written about in […]

Forex Swing Trades on the Radar–June 26

Jun. 26, 2014

Forex Swing Trades on the Radar–June 26 While a number of pairs such as the USD/JPY, EUR/USD and USD/CHF remain stagnant as they await their next trending move, a number of pairs have strong trends going on. NZD/USD The NZDUSD is one pair on the watch list. Since the start of June is has been […]