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.) will need something much more elaborate than...
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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 helps. (more…)...
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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 it serve as a guide on how to trade the setup. Waiting for the trigger...
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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 day. (more…)...
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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 she? The bigger question is whether stocks will peak on the news, ending a...
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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 an ambush. This is a stressful state of mind for a trader and it arises because we...
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