Category Archives: Stock Trading

Reducing the Risk of Catastrophic Trading Losses (It Happens! Are You at Risk?)

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GBPUSD flash crash on October 7, 2016
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…

Quit Your Job to Day Trade? Steps and Expectations

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quit your job to day trade. What to expect.
Want to quit your job to day trade? It’s feasible, but go through these steps, and know what to expect, before you quit your day job. In 2005, fresh out of university, I saw a job posting from a day trading firm. With a fascination for the markets, I applied. Three interviews later I was given the opportunity to attend training. Most people that applied didn’t make it to training, and about 90% of those…

Learn to Swing Trade Stocks – 17 Video Course

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stock market swing trading course reversal example
Download the Stock Market Swing Trading Video Course. 17 videos that include stock market basics, as well as versatile strategies showing you how to swing trade the stock market efficiently and effectively whether prices rise or fall. Created by Cory Mitchell, CMT To read comments and testimonials, check out the Course’s permanent page. Below is the Course summary. The Stock Market Swing Trading Video Course provides everything new and experienced swing traders need to be…

Financial Legislation Can Indicate Market Turns

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regulations and the stock market
Financial legislation might mean something different than most investors believe. Significant changes in financial legislation have often been associated with major market turning points. By Elliott Wave International A stock market warning has just developed for those who are bullish. Here’s what I’m talking about (CNBC, May 22): The House voted May 22 to pass the biggest rollback of financial regulations since the global financial crisis. In a nutshell, lawmakers want to get rid of…

This Risk Management Mistake Ruins Traders – Risk Spikes

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risk management mistakes
There are a number of risk management mistakes that traders make, but a personal “risk spike” is one of the hardest to control. It can happen any time, to new or experienced traders, can undo years worth of work in an instant and strikes when the trader is most vulnerable. The term “risk spike” has nothing to do with volatility spikes or sharp movements in the markets. This risk management mistake is personal, and involves…

Which Market To Day Trade? Stocks, Forex, Or Futures?

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which market to day trade
Stocks, forex, and futures are all viable day trading markets. New traders often question which one is “best.” In this article we will look at the pros and cons of each market, to help better assess which of these day trading markets is best for you. Which is best will vary based on your interests, capital, and time availability. We will also compare the income potential of each market. Pick The Market You Are Interested…

How to Use the Fibonacci Extension Tool to Find Trading Profit Targets

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Fibonacci extension tool applied to EURUSD chart
The Fibonacci extension tool, available on most trading platforms, can help establish profit targets on trend trades or alert a trader to where potential trend reversal areas could develop. Throughout nature there is a repeating pattern, based on a series of “Fibonacci numbers” which Leonardo Pisano Bogollo introduced to the West. The number series is based on the Golden Ratio, a number found in galaxy formations, plant growth, and man-made structures. These “Fibonacci levels” are…

How Long It Takes to Become a Successful Trader – The Thorough Answer

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how long it takes to become successful at trading
When you start out day trading or swing trading, or if you want to get into it, you may wonder how long it takes to become a successful trader. Establishing realistic expectations is important. If you think you’ll get rich in a few weeks you’re setting yourself up for disappointment. Yet, it shouldn’t take years of training before you see some cash flow either. Below are various scenarios for how long it takes to become…