A losing trade. As a trader, just the thought probably sends shivers down your spine. Right?In fact, think about the last loss you took. Or think about the last bad day you had. How did it affect you? How did you make sense of it?From a rational, no-skin-in-the-game perspective, we all know that losses are just […]
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In this video I share a trade I made this morning. In hindsight, it looks simple. And, in hindsight, I “should” have made more than I did.However, that’s with the benefit of hindsight. I real-time, with your money on the line, it’s not always so simple.So, the questions are: – Do you have a reliable method […]
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The really brief audio clip here is taken from a Q&A session with members. It’s in response to a comment about a particular person’s progress since using this methodology. The key, however, is that we discuss the number one mistake just about every trader makes (especially newer traders) and how if you don’t “break” this […]
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If you have young children, you know you have to constantly remind them to “look both ways” before crossing a street. After all, it’s a basic habit that we all need to learn to stay safe. There is a similar phenomenon in trading if you want to stay safe. In this brief video, I look at […]
Continue...Do you enjoy the “puzzle” of the market? If so, you’ll probably enjoy this video.I discuss the “parallel” puzzles you have to solve at any moment in time to determine when a trade makes sense vs when it’s best to sit on your hands.Also, I look a specific trade setup in Crude and how things […]
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What Is Overlap? Reverse Overlap? Why Does It Matter?In this video I look at examples from Crude Oil and Gold to describe the concept of “overlap” and “reverse overlap”. These are two VERY powerful concepts if you know how to see them and identify them. One, they help you make sense of the market’s “story” […]
Continue...Three Common (and killer) Mistakes Most Day Traders Make(and how to overcome them) If you’re a day trader, you’ve almost certainly made one of these mistakes. And frankly, you’ve probably made all three.See, as traders we almost all follow the same basic “path”. The problem is, this path leads to some nearly inevitable mistakes. And […]
Continue...What Is The “Gap Trade”? Plus, How Do You Handle “Stacking” Buying Boxes? In this brief video I look at a “runaway” day in Gold. – What were the clues? – How do you determine if a gap open is likely to continue or likely to fill? – How do you identify if a trend […]
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Identifying “Asymmetrical” Trading OpportunitiesThe following video discusses one of the biggest disadvantages we have to overcome as traders.In other words, it answers the question why “it’s easier to lose than win at trading” and then what can be done about it.This is a VERY important concept. If you get this wrong, you lose, plain and […]
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