Archive for August, 2011
Don’t Discount Daily Charts When Day Trading
Day traders often forget the value that the daily chart can bring. The conclusion is that it’s only suitable for swing trading or position trading, but the truth is that the daily chart can offer some good signals for entry and exit as levels are cleared or reached.
Weighing Risk & Reward on Day Trades
A trader on the email list received a recent video I sent out on stops, and came back with these questions:
Intelligence is Only Part of Trading Success
Intelligence is only a small part of trading. Trading is a numbers game, and it’s one that requires you to deal with emotions rather than allow them to flare.
What if it Gets Worse?
Commit to greatness, as only then can you come up with an adjustable game plan going forward. You’ll need it – especially if it gets worse.
One For the Bloggers
As a reader, keep this in mind: a good blogger is putting out a flow of ideas for your benefit.
A Good Market
Every trader is different from the next in our timeframe or directional bias or risk tolerance. We’re also each unique individuals, so it’s no surprise we might each have differing definitions of our favorite market conditions.
