Every successful trader must have a written “Trading Business Plan” in order to stay disciplined and focused. Developing a thorough “Trading Business Plan” will help guide your trading. This outline is for those of you who are trading or investing for yourself. Those of you who are trading other people’s money (maybe a hedge fund, etc.)....

On today’s video I recorded a LIVE trade right before the E-Mini S&P 500 (ESU16) futures opened for their New York session – be sure to watch the video for all the details i hope the video....

Every serious trader should not only understand each of these trading principles/ statements, but should also abide by them as if their lives depended on it! That is, if they truly want to be successful traders! Always listen to what the market is telling you. Do NOT try to outguess the market, rather let....

On today’s video I outline a short trade in the 30 Year Treasury Bond (USU16) futures contract that resulted in a $312 profit in a pretty short period of time. Hope the video helps and have a great rest of your....

What’s on the Menu for This Week Talk about someone sucking all the air out of the room! That’s what Federal Reserve chairman Janet Yellen is doing, keeping us on the edge of our seats until 2:00 PM Wednesday, when the Open Market Committee’s decision on interest rates is announced. Will she, or won’t....

We have had choppy action in the major indices this past week, In such an environment, the market often zigs when we expect it to zag. This unpredictable behavior naturally puts us on high alert because both Danger and Opportunity seem to arise quite suddenly. We are either waiting to pounce or waiting for....

Many talk about the psychology of trading and how important it is to develop a mindset that is conducive to being consistently successful at this endeavor. However, there seems to very little written about how to actually live through the daily riggers of trading. How to live through the daily, weekly or monthly drawdowns....

Believe it or not, we get calls all the time asking this one simple question, so we thought we would answer it quickly for you right now in this short article. There is one day once a quarter where the market (stock index futures contracts that is) does not seem to move very much.....

Option pricing is based on a variety of factors. There are seven main components that affect the premium of an option. These are: The current price of the underlying financial instrument. The strike price of the option in comparison to the current market price (intrinsic value). The type of option (put or call). The....

On today’s video I recorded a long trade right out of the gate in the E-Mini S&P 500 (ESU16) futures market that ended up being a winning trades. I also recapped a trade I put on yesterday which I closed out before going long the market this morning. That trade resulted in a $2,000....