Archive for January, 2010

There are some great trader books and movies out there. Some very well known and others not so known.  The following are not instructional, but rather look into the lives of traders. For movies: Wall Street, Boiler Room (not really traders, but whatever) are obvious, but some other ones have come out as well. Rogue Trader was a good movie... »

The stock market was pushed lower Friday once again, finishing on it’s lows for the day, week and last 2 & 1/2 months.  We will look at the S&P and and what can be expected going into next week, Feb 1-5. As we entered the new year the stock market was taken higher on a whimper of an effort.  It drifted... »

Another tough day for stocks, with averages down well over 1%, and the NASDAQ falling even more.  As traders, when we look at this market we can use it as an opportunity to make money or we can become frustrated by the volatility. One of the easiest tools to use is a trendline - whether you are a long term... »

I found this great article at http://www.tradejuice.com/forex/pivot-point-trading-mm.htm and have re-posted it here since many day traders are not familiar with pivot points.  It is not necessary to use pivot points in your trading, but it does help to know what other traders are doing since pivot points are a very popular tool and can affect the market.  I like how... »

Another interesting day in the stock markets.  Strong volume on the downturns and light volume on the rises.  Despite a heroic effort by the bulls today, the market was heavily sold into the close.  In that light, here is a video along with a few words from an analyst I respect, Adam Hewison. For some time now we've been very concerned... »

Happy weekend to you all.  Hope you managed to fair well in the volatile week for the markets.  With many people once again fearing what is to come, knowledge can be your best friend.  It allows you to remain calm under pressure because you have an edge...you have educated yourself and know that your efforts will pay off. In that light,... »

Setting Stop Levels When Trading - How, Why & Where. -By Cory Mitchell, CMT Stop levels are an often overlooked aspect of trading, and yet they are one of the most important.  Many traders spend hours, days and years searching for the ideal entry criteria, when simply they could adjust how they set stops to become more successful. Too often traders place... »

Here is something all traders should have at least some skill in, and that is understanding candlesticks. Many investors attempt to incorporate candlestick charting into their trading plans, however few know why this tool has become so popular. Watch Now - http://www.ino.com/info/488/CD3784/&dp=0&l=0&campaignid=16 In this complimentary video, “Advanced Applications of Candlestick Charting,” authors, software programmers, and co-founders of the International Pacific Trading Company, Gary... »

Got news today that 2 new free videos have been uploaded on Trend TV.  Worth a watch for sure.  The markets have been very "interesting" lately, so if you can get a foot up and grab an edge there is plenty of profit opportunities out there. The videos which go uploaded for you to check out are: Advanced Trading Applications of Candlestick... »

If you’re still losing money trading Forex, there’s a very good chance it’s because you’re “guilty” of following at least one part of the Forex “Failure Formula”. Here’s a hint: I????????? Method + No ???k M????????? + F?????????? Analysis + T??? = POOR Can you guess what the components are? It’s based on years of observation & research into what separates the losing traders from... »