Trading Playbook A professional athlete would never go into competition without a well-developed list of plays that have been studied and practiced. Traders can leverage the athlete’s attitude by thinking about their trades as making up a Playbook. Instead of plays composing the athlete’s playbook, a trader will have a playbook of trades. In this brief video blog, we … [Read more...]
Common Trading Mistakes
Common trading mistakes befall all traders. Newer traders make these mistakes more frequently, but all traders are vulnerable. Common Trading Mistakes This video highlights five very common trading mistakes newer traders make. Even if you are a seasoned trader, see if you don't see yourself making at least one of these costly common trading mistakes. We outline five common … [Read more...]
Trading Psychology: Cutting Winning Trades Short
The trading psychology of cutting winning trades short is addressed in this short video blog. Do you know it has mostly to do with your thinking? It's not that your thinking is flawed. The flaw is we believe wholeheartedly what the mind tells us. But it's not true. The video blog demonstrates that traders who believe what their mind tells them are at a … [Read more...]
Wyckoff Trading Method Follow-Up
Here’s a follow-up to my earlier post on trading the Wyckoff Trading Method off the 4-hour chart. Although the Wyckoff Trading Method does not integrate the various time frames in its analysis (it uses the P & F Chart for the higher time period), the weekly, monthly and other higher time periods can shed a lot of light on the anticipated next move of the market. It was … [Read more...]
Frustrated Traders About to be Rewarded
The market has frustrated traders lately. The S&Ps have been stuck in a 12-point trading range over the last three days. While this can present frustrating trading, the good news is that it will end shortly. When it does, we should see the market move smartly. Both the daily and the weekly charts indicate weakness has entered the market. By these charts, we may see a … [Read more...]
