Is Counter Trend Trading the road to ruin? One of the reasons many new traders lose money day trading is because they cannot break the desire to counter trend trade, or to try and pick tops and bottoms. Unless prices are in what I would describe as a “trading range” type day, it is very
Trading breakouts from congestion or trading ranges is one of the trickiest parts of trading, particularly when it comes to trading the futures indexes. One reason this area of trading is so difficult is because human nature tells us that we should be getting short when prices are trading downward, and that we should be
When it comes to available markets for day trading, there are many options to choose from. I’m often asked which markets are best for day traders, and the answer to that question is a difficult one, because many different markets offer many different opportunities for a day trader. Today’s biggest markets are probably stocks, futures
If you are not already familiar with day trading second entries, you are missing out on some of the best entry opportunities available in trading. Second entries are an important part of price action trading, and they work in any market and on all time frames. I prefer trading tick or volume charts, and these
We like this article for one reason mainly, and it’s because of Debbie’s advice to get up and walk away when the market is going against you. Days like that can wipe out even the best trading account, so don’t let it happen to you! If you are having a bad day, take Debbie’s advice
If you are not familiar with trading traps in the ES – The perfect Price Action Scalp Entry, then you are missing out on one of the best scalping entries available. Continue reading about trading traps in the ES – the perfect scalp entry! Traps occur often and the name is a very good descriptor
Trading Traps in the ES – The Perfect Price Action Scalp Entry Read More »
While we believe that trading computers are important tools for day traders, we don’t think you need multiple screens and a lot of fancy indicators. These are actually tools for ruin in our opinion, and we suggest that traders stick to a single chart in which you can read the price action quickly enough to
Day Trading Courses and Trading Computers – Important Tools For the Active Trader Read More »
If you are a student of the markets, or if you have traded to any large degree, then you are probably very familiar with the term “Trading Psychology.” The question I hear most often is one that asks how important is day trading psychology when it comes to making it as a professional trader. As
As a price action trader who believes that trading with price action is the holy grail of trading, I am often asked to explain what price action trading actually entails. While there really is no true definition of price action trading as far as I am aware, I have come up with a nifty way
Follow The Footprints – Trading With Price Action Read More »
This post is going to try and bring you up to speed on the importance of chart study to day traders. If you are a day trader, one of the most important things you can do at the end of each day is to go back and review your chart and your trades. If you