I am writing today for a couple of reasons. One, I wanted to wish everyone a happy new year as we wrap up the final days of 2018. It has been a good trading year, particularly since the Fall and into the Christmas holidays. Secondly I wanted to update everyone on a health issue I
Notice to all PAT$ members. Recently we have had some issues with trouble makers on the PAT$ YouTube channel and I addressed that and banned at least one person from the channel. Immediately upon doing so, the hacking attempts to our website have almost doubled their normal rates. It is amazing how
I recorded this trade on Friday, but did not get a chance to upload it until today. A lot of you ask to see these, but honestly, it really makes trading more difficult to try and record while also trying to concentrate on your job of making money. I will continue to do some of
Many of the questions I get on a regular basis revolve around our day trading tools. Most of these questions are based around my computer, my computer screen, my trading platform and my data provider. While I don’t believe that you need a really expensive computer or a bank of computer screens to be a
This video is going to go over a few tips on drawing trend lines. There has been a lot of talk about trend lines being subjective lately, so this video is in response to that. Trend lines are not subjective and the ability to find and draw them is a skill that must be learned
I saw the following motivational post today and it struck a real nerve with me, so I thought I would share it with the rest of you. How would you describe your interest in day trading? Do you simply have a passing interest, or are you totally committed 100%? When I say totally committed, I mean
If you have been around trading very long, I am certain that you have heard the statistics regarding the failure rate of new traders. Â Most figures say that about 90% of all traders fail and give up within the first 12 months, but I think the number is probably higher than that in the end.
Today we will talk about trading psychology, and why day trading is mostly mental.  If you break trading down to the very basics, much of it is very similar to life in general.  It is a catch 22 really, as your trading plan and your mind are normally working against one another.  Once you finally make
This morning I recorded a live failed second entry short, long trade. I get a lot of questions about these trades and people can not seem to wrap their minds around how to enter them, or how to know if they are going to fail, etc. You actually do not know if they are going…...
I just wanted to wish everyone a happy new year and the best of success in 2015. As you will always here me say, day trading is a very small club when it comes to success, but not for the reasons that most people think. Most think it can not be done and that only a