Successful traders rely on reading price movement itself in order to find and manage trades.
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Stop Losses
A lot of traders wrestle with the question of what types of protective stops to place and how to place them. There are many different styles of stops that you can place. I think they are all beneficial.
Too Little Too Late
In the courses I teach on trading, my students are often amazed at how little I rely on technical indicators as I trade. They usually come to the class with the preconceived notion that trading must be difficult since so few people actually succeed at it.
Gauging the Reversal
I was teaching a Professional Trader course in our Philadelphia office a couple of weeks ago and was discussing the market action on the stock Ebay.
Buy the Breakout? I Don?t Think So!
Recently, the news has been covering the fact that the Dow Jones Industrial Average and many individual stocks have been making all-time highs. If you have ever read a book on trading or technical analysis, you will know that the breakout trade is extremely popular.
Driving and Trading
I often hear my students comparing trading to driving. Having driven a car in at least 10 different countries, I have realized that there is truly a parallel between trading and driving.
The Mental Game
When people ask me what training has helped me become successful as a trader, they are usually surprised to hear that it is my background in psychology.
What To Trade?
Deciding what to trade can be just as important as how to trade it.
Confused
As I was looking through Facebook the other day, I noticed a student that had posted a comment about their takeaway from a trading expo they attended.
I Can Be Wrong, But I Can?t Afford to Be Stubborn
No one is perfect. One of the problems with newer traders is that they think they must be right on every trade or else they will not succeed in trading.
Where is Supply for an All-Time High?
As prices in the equity markets reach and surpass the previous highs set in 2010, there are a lot of stocks that are making 52-week or even all-time highs.
Cool as ISEE Redux
Traders are facing increased volatility in the markets these days. Wouldn?t it be nice to have an extra odds enhancer that could help you identify when there is a higher probability of a rally day or a pending sell-off?