Archive for February, 2009

There are many great trading products out there, and I have a few that I have enjoyed listed in the Reading Material section of the site. While it is important to develop our trading skills, it is also very important to work on ourselves.  By bettering ourselves, creating more discipline or learning new skills we will likely increase our trading success. ... »

A proposed House of Representatives bill-HR 1068 would tax each buy and sell order by up to 25 basis points of the transaction value.  While it is hard to say at this point whether the bill will be passed I encourage active traders and investors in US markets to do what they can to oppose this bill.  Here are some... »

These are the 8 Rules of "Carney" from the book "Ugly Americans" by Ben Mezrich (published by Harper Perennial). They are pretty good so I thought I would reproduce them here. Check out the book, it isn't too bad. Not as much trading material as I was hoping for but still an entertaining read. 1. Never get into something you can't... »

Not all brokers are created equal and I have been through my fair share of them in my trading career. When choosing a broker here a few things you will want to consider: -Is the Price Listed Always Tradable? Since most retail forex brokers today offer fixed spreads, this means no matter what market conditions are occurring they are obliged to... »

I have talked about the Dow Jones Index going to 6000 for quite some time.  From the first time we tried to break down to this level we saw a rally, but that rally was stifled on multiple attempts to break above 9000 with any conviction.  The market again broke lower and has now failed on two small rallies to... »

5 Day Trading Tips for Success By Mike Reed 1. How to Treat Gap Openings A gap up or gap down open is an emotional move, and it often will reverse course and turn in to "trap open". Gaps that are less than 4 points on the SP Future tend to get filled in the same day, especially Tuesday through Thursday. Turns... »

How to Learn Day Trading - Some Quick TipHow to Learn Day Trading - Some Quick Tips! By Sheryl Polomka Day Trading can be a fantastic way to earn money but it is not as easy as some people make it out to be. Don't let that turn you off though, if you want to learn day trading then by all means... »

Day Trading Shares - Is it a Waste of TimeDay Trading Shares - Is it a Waste of Time? By James Woolley Day trading is a term that can mean different things to different people, but in relation to shares it is basically where traders try and make small profits from share movements within a single trading day. So at the end... »

How to Become a Day Trader - 7 Useful Day Trading TiHow to Become a Day Trader - 7 Useful Day Trading Tips By Alex Frost There are many of us who would like to know exactly how to gain financial freedom through day trading. This is becoming an increasingly popular way to supplement your regular income, because you can work whenever... »

The Top 10 Day Trading Goals For 200The Top 10 Day Trading Goals For 2009 By William Potter There is no better feeling than setting some aggressive day trading goals and meeting and or surpassing them during the year. The great thing about ending one year and starting a new year is the ability to start with a clean slate and establish... »