Learn to read the Commitment of Traders (COT) report, as it shows you where the big money is flowing. It can tip you off to major turning points (extremes) and can also tell you when a trend is sound. It can also reveal in what assets the next major trends could be developing.
By George Papazov
Many traders assume the stock market to be this single entity which is logical, rational and knows where it…
The price hits your stop loss resulting in a losing trade…but then you see the price immediately start moving in your direction again. Do you take another trade? How we act in this situation is a significant determinant of our overall success. In this article, I’ll discuss when you should jump right back in, and when you shouldn’t. Including, whether you should jump back in after a winning trade.
Re-Entering a Trade Depends on Trend…
The head and shoulders is a common technical analysis reversal pattern, showing that the price trajectory of an asset may be changing. Learn the pros and cons of the pattern, how it can be used for analysis and some different ways to trade it. Also, learn about the not-often-discussed head and shoulders continuation pattern.
Price is the ultimate indicator. It always shows when a reversal is under way. A reversal is a transition from an…
Legendary trader Richard Dennis turned ordinary men and women into top-class traders by teaching them everything he knew about trend-trading. Learn the rules of his system below. Also find out whether this strategy is still relevant today.
What if someone plucked you off the street and made you a millionaire?
That’s what Richard Dennis did for a few lucky men and women, by teaching them to trade the markets.
There’s are many ways to trade…
Floored: Into the Pit, is a great documentary about the Chicago trading pits. It was released in 2009 and discusses the wild ups and downs of the traders who made their living on the Chicago trading floor.
If you have never had the chance to watch this full-length documentary, watch it below! It’s brutal, honest and the language is colorful. It is worth watching a first, second or third time.
And while the pits have…
Most new traders starting out have similar trading questions. While strategies and trading psychology are tackled at a later stage, new traders typically want to know:
Can successful short-term trading actually be done?
Can it provide a living/income?
How long does it take to become profitable?
How does one get started?
I recently received these question in the form of an email from a new trader. I liked his versions of the questions because they…
Risk management and/or stop loss orders aren’t always effective, which could mean bigger losses than expected. See why and how you may be risking more than you think. See real-world examples where short-term traders got annihilated. Then, see how to reduce the chances of it happening to you.
This article is not intended to scare people away from trading. I trade and love it. Rather the article is intended to point out potential vulnerabilities in…
Discover the simply 4-step process for trading FOMC announcements. See the setup, entry method, risk management procedure and how to exit.
By George Papazov
There is a lot of unease and anxiety around FOMC (Federal Open Market Committee) Statement days. What will the Fed say? How will the market react? Those are good questions. BUT, those are questions I never ask myself when day trading through an FOMC Statement and press conference.
There is a…