Determining The Difference Between A “Just OK” Setup and a “High Edge” SetupThis video discusses two specific trade examples and compares why one trade was “ok” and why the other was “high-edge”.After all, that’s our job as traders: We want a REPEATABLE methodology of making sense of the market. The examples in the video show:TRADE 1: […]
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Do You Make This Mistake On Slow Trading Days?Today is a very slow trading day (at least in the ES and at least as of the time I’m writing this). But, I thought it would be a good time to write about a mistake we see over and over again.In fact, I would say this […]
Continue...Can A Losing Trade Help You Find Your Next Winning Trade? (crude oil example)In this video I look at an interesting scenario that occurred in crude oil today. What happens when what “should” happen doesn’t happen? And, what do you do about it?Click below to view the video…
Continue...Two Ways To Identify A Trend Day & Two Ways To EnterToday was a strong trend day down in the S&P (it was down about 1.5%). That’s great and all…and it’s easy to see in hindsight of course. But, how can you identify that it’s happening in real-time so you can take advantage? That’s what […]
Continue...Do You Have A “Pre-Shot Routine” For Your Trading?A couple things happened today that made me think about the concept of a “pre-shot routine” in trading.First, I received a question about the post I sent out yesterday about resilience being one of the most important traits a trader can possess.The writer of the question basically […]
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Is this the most important trait you need as a trader?I just wanted to write a quick post today…nothing about strategy or tactics or chart examples.I was thinking about all of the character traits you need to be a successful trader. There are certainly a lot, and this business has a way of testing all […]
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Today has been a very quiet trading day, so I thought I’d make a quick video about dealing with quiet markets.1) How do you identify a quiet market?2) Should you even bother trading?3) If so, what should your strategy be?In this video I do a “play by play” of these types of decisions.You can click […]
Continue...In this video I discuss a concept called “2 out of 3” trading. It’s a concept where you analyze pieces of market-based evidence and the more of them that are in alignment, the better.Basically, if you have 3 out of 3 evidence points in line, it’s a great situation. If you have 2 out of […]
Continue...Two Logic-Based Strategies For Entering Trending Markets In this video I describe two strategies for getting on-board a trend day like we saw today in the S&P.1) The runaway gap trade2) The rejection / failure tradeMore than that, however, the key is understanding the LOGIC behind the setups that you take. And…it’s about understanding WHEN a […]
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Most traders love breakout trades.BUT, they’re a double-edged sword.When they work, they’re the best trade to be aboard.However, they don’t work all that often and it can be frustrating to get in, only to see the market turn back against you right away.So, is it possible to determine higher-probability breakouts from lower-probability breakouts?We were discussing […]
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