Pete is kicking himself right now. He just made an unexpected losing trade and he feels especially down. He expected to make a killing, and he was...
There are times when our judgment is cloudy. Perhaps we want so much to win that we optimistically see trading opportunities that aren't there. At...
What are the latest headlines? Do they impact the markets? Well, it depends. On Monday, October 17, 2005, there were some headlines that may have...
Why do so many traders abandon their trading plan? Is it their personality, an inherent pitfall of the trading profession, or temporary insanity?...
When your money is on the line, it's difficult to remain calm, rational, and in complete control. What happens if you lose? How will you recover?...
Traders have a tendency to forget the obvious. We often think that life is more complex than the issues right in front of us, and that obvious...
Sometimes a market just seems to become untradable. You start having more losing trades than you would like to have. You find that what you have...
Do you suffer a lot when you trade? Are you under constant stress from trading? What are your thoughts about stress, and is it a major factor in...
Do you think trading is an addiction? Can a person actually become addicted to trading? Wow! That seems like a loaded question. My answer is...
Is there any time when there is a valid use for oscillators and/or divergence? Yes, there is a time when such things may prove to be of value....
After a breakout, look for a return (retracement). Successful returns can beget generous returns. When a market does finally overcome...
Try to develop an inter-market view of how commodity markets correlate with one another. Cows eat grain, so when grain prices rise, expect higher...
Discipline in executing each and every trade according to your trading methodology is the secret to your success. If you want to improve your...
If there is one factor that drives the inflation-deflation cycle, it is the effect and trend of interest rates. The bond/note market is the...
Stock book values, Price-Earnings Ratios, and stock dividends are not the fundamentals that determine a stock's price trend. Strong increased...
I believe trading is far more an art than a science. For one thing, if trading were a science, then we should all be able to enter the same trade...
I was watching the movie "Coach Carter," starring Samuel L. Jackson. I couldn't help thinking about the many similarities between what a coach...
I get some unusual questions from time to time, and this is one of them. Certainly, the TICK can be used with Stochastics, as I explain below....
Absolutely YES! It has already happened in my own lifetime as a trader. The markets today are no longer as they were when I began trading. They...
Do you have a problem with not taking money out of the market when it is there for the taking? Do you seem to think that somehow it is not yours...
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