Trading breakouts in stocks and other markets can be one of the most profitable setups one can utilize in their trading arsenal. The fact is that markets, and stocks specifically, spend most of their time trading in a range. Because they have this tendency for sideways price action, when markets do happen to expand their price action the magnitude of movement can be extremely … [Read more...]
So You Want to Live the Life of a Daytrader?
Day traders are a relatively new breed of investors. The popularity of daytrading has skyrocketed in recent years with the advent of internet brokerages, providing traders with easy access to the markets. Unlike traditional buy and hold investors who realize potential gains through riding a stock for days, months, and sometimes years, day traders make their profits by scalping … [Read more...]
Read This if you Want to be Successful at Day Trading
Any experienced day trader will champion proper mindset as one of the most important factors to having success in the markets. To put it simply, day trading is not for the faint of heart. This style of trading moves very quickly as opposed to many others and having the nerves of steel and inner calmness cannot be stressed enough. However, this mindset is comprised of multiple … [Read more...]
3 Essential Money Management Tips to Improve Your Trading Profits
There are many things that define a successful trader, but perhaps none more important than having good money management. In fact, without it trading becomes more like gambling and the house usually wins. For those that do use proper money management, the sky really is the limit as the markets will look more favorably upon them. However, most don't know where to start and it's … [Read more...]
Timing The Trade – Market Perfection
Is ‘timing the trade‘ an important concept? Personally, I think it is. But then again I disagree with dollar cost averaging and stopless trading. But forgetting my own opinion on that, exactly when does one strike? When does one pull the trigger? When do you move without hesitation into a position? What does that moment feel like? How does one know the feeling? Excellent … [Read more...]
How The Correct Risk Reward Ratio Can Boost Your Profits
Ever wonder why a 1:3 Risk:Reward ratio is so prevalent as a rule of thumb? Ever since I’ve been reading about day trading, I’ve heard people say they ideally look for at least a 1:3 ratio, even they’ll settle for 1:2. In this article I’ll talk about how you can derive this value from the expectancy equation. Further, I’ll show how you can predict what kind of Risk:Reward ratio … [Read more...]