The Wyckoff Spring is difficult to trade when the market is falling like it did today," wrote one trader in an email after the close. He asked, “How do you do it?” The Wyckoff Spring is one of my “bread & butter” trades. I look for them all the time. In the few markets I trade, I know there will be at least 2-3 Wyckoff Springs setting up each week in each market. It’s a … [Read more...]
Archives for 2014
A Wyckoff Spring?
"Is this a Wyckoff Spring?" a trader asked about today's trading in an email. The market fell sharply lower, then quickly rallied to close near its highs. As it did so, it created a Wyckoff Spring. The Wyckoff Spring is a setup that occurs when a market dips underneath its last swing low, turns around, and then rallies to close back above the swing low. (You can find more … [Read more...]
When You Fail to Follow Your Trading Process
Fail To Follow Your Trading Process and Degrade Your Trading Edge Here’s what can happen when you don’t follow your trading process. As all traders should understand, trading is largely a game of probabilities. To be successful in any game of probabilities (think, casinos), you have to follow a process. It is by following your trading process, for example, that you take the … [Read more...]
Cyber Monday 30% Off
Our 30% off sale extends through Cyber Monday. All of our video tutorials for chart reading and trading psychology are at a 30% discount. This is the largest saving we offer all year. If you have been thinking about one or more of our highly-rated tutorials, now would be a good time to secure them as you will not see this discount again for at least another year. You do need … [Read more...]
TheStreet.com Recommends Trade Mindfully
TheStreet.com recommends my new book, Trade Mindfully In an article titled, "7 Must-Read Business-Related Books Coming Out This Week," TheStreet.com said now that the holiday is over, it's time to return to trading: ... there's no better way than to bone up on trading psychology with the upcoming title Wiley's Trade Mindfully: Achieve Your Optimum Trading Performance with … [Read more...]