A Winning Mental Approach to the Markets Looking for a winning mental approach to the markets? Recently, I was interviewed by Etienne Crete, founder of Desire to Trade. Etienne asked some really insightful questions (he is a young, successful FX trader) that took the interview into interesting areas, especially for newer traders. But, seasoned traders will gain, … [Read more...]
Holiday Trading – Is It Changing?
Holiday trading is usually a poor time to trade. Activity is typically very low, especially during the last few holiday trading days leading up to New Years. Were you trading over the holiday, or did you think that there wouldn’t be much holiday trading activity, so it wasn’t worth the effort? Holiday Trading: A Changing Holiday Week? Typically, the holiday trading week … [Read more...]
ES – The One Thing Traders Must Know
ES - The One Thing Traders Must Know ES - The one thing traders must know. In a word, it's structure. The S&P e-Mini (ES) is one of my preferred trading markets. Because it is so actively traded, this market typically has excellent structure. What is structure, you might ask? It’s the areas of support and resistance that the market creates and reveals by its own … [Read more...]
Top Ten Trading Psychology Myths
Top Ten Trading Psychology Myths Here are the top ten trading psychology myths: 1. People are born traders. Although certain personal characteristics can make it easier to trade, no one was ever born a trader. A main theme of Jack Schwager’s Market Wizards books is that virtually none of the market wizards was successful from the outset. They all worked hard at … [Read more...]
Wyckoff Spring Trade Setup
Wyckoff Spring Trade Setup Wyckoff Spring trade setup. Sorry to post this so late. I meant to post yesterday but got caught up in other work. Did you catch the perfect Wyckoff Spring trade setup in yesterday morning's S&P eminis? It was picture perfect. The Spring had everything doing for it. We saw a down move end. Prior to the Spring setting up, we see good … [Read more...]
