Let's face it, trading losses can be tough. No one likes losing money. But as every trader soon learns, trading losses are a routine part of the game. Nevertheless, many traders find it difficult to accept thoses inescapable trading losses. Learning to tolerate and deal with trading loss may be just as important as making good trades, perhaps even more important. Here are … [Read more...]
Wykoff Webinar Tonight
Just a reminder that we will be doing Part 2 of Wyckoff in the Modern Markets tonight at 7:30 PM eastern time (New York time). More than anything else I have ever studied, Wyckoff's case study is remarkable in revealing how to read the market by its own action. We will review how his priciples apply in modern markets. I will show you how I use it and detail a trade setup as … [Read more...]
Is Trading Stress Getting You Down?
Trading can be a very stressful job, and stress can affect our health in many negative ways. For a few tips on stress reduction, check out my interview on MoneyShow.com. Click on the image and it will take you directly to the video: … [Read more...]
Wyckoff in Modern Markets – Part II
Title: Wyckoff in Modern Markets - Part II Location: Webinar (will be recorded and available to registrants) Link out: Click here Description: Richard Wyckoff wrote a case study of the 1930-31 market that was exceptional in conveying to students how to read the market by its own action, bar-by-bar. Studying and assimilating the concepts and market principles described in this … [Read more...]
A Wyckoff Trading Follow-up to Today’s Market Action
Last night in my video blog I laid out my framework for this morning's trading. I said that a morning rally into the 1285 area would likely bring out sellers and be a good location to look for a short. Well, the market rallied a little higher, but the anticipated sell-off brought the market back down 8+ points. You can see by the 3000 Tick Chart, we had nice Wyckoff/VSA … [Read more...]
