Trading Best Practice Trading presents many challenges. One of the greatest challenges is accepting and operating in trading’s environment of risk and uncertainty. When we do this, we are engaging in a trading best practice. Daily Life In everyday life, many things appear routine and commonplace. Our days go by generally consistent and orderly. If something unexpected … [Read more...]
Traders Have Two Minds & One Hinders Good Trading: A Trading Case Study with 4 Steps for Better Trading
This post discusses traders having two minds through a case study of a trade I made a while ago. It highlights how easily the mind can override sound decision-making. Traders Have Two Minds It is helpful to think of having two minds. One mind is our intuitive mind. It is our default decision-making mind. Our intuitive mind relies on the obvious, ignores probabilities, and … [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...]
A Look at Today’s Trading in the S&P E-mini Futures
Another all-time intraday high (2073.00) was made in trading the S&P e-mini futures today. Below, we look at trading the S&P e-mini futures today with two trades that occured in what was otherwise a pretty range-bound trading day. Special Note We have put all our video tutorials on sale at a discount of 30%. This is the deepest discount we have ever offered. Use the … [Read more...]
Stock Market Analysis & Free Webinar!
Stock Market Analysis: Friday's Trading Action In last week's stock market analysis, we expected to end on a positive note and we did. The week closed on a new high. Prior to Friday's trading, we indicated that support would likely come in around the 1220 level, and we saw the market make its low of the day at 1220.50. This low set up a solid Wyckoff Spring trade (lower … [Read more...]
