facebook  youtube  blogger

Blog 

Checklist, Trading Plan, Track Record

Checklist, Trading Plan, Track Record
“ I review my checklist. It’s a handwritten sheet laminated in plastic and taped to the right-hand corner of my desk where I can’t overlook it. If you have a game plan prepared ahead of time, it can help you find courage in the heat of the battle.” - Marty Schwartz Yes, I also have a checklist and I look at it every day. On my checklist you can find reminders like “trade only clear signals, no gue...
Continue reading
1659 Hits
0 Comments

New YouTube Series: Marco's Trading Q&A

New YouTube Series: Marco's Trading Q&A
Hi Trader, now this has been a quite volatile week so far in many markets and I hope you've also been able to capture some nice profits out of these wild moves! Thanks to my trading being almost completely systematic right now I still had a few minutes to record a new video for YouTube and actually start of a new Series. In the first one I explain what a BID/ASK spread is for those of you who're c...
Continue reading
1324 Hits
0 Comments

Sometimes others get to play and you don’t. Today, Friday 04/01 was such a day!

Sometimes others get to play and you don’t. Today, Friday 04/01 was such a day!
I wrote an article with the headline "Sometimes others get to play and you don't" some time ago and today (Friday 04/01) was such a day. And I tell you, it is difficult to watch markets are going my way knowing I could have made my shares for April but I missed the trade. Well, I haven't missed the trade actually because it wasn't my train. Here comes what happened. At 7:30 AM CT this morning we h...
Continue reading
1311 Hits
0 Comments

Trading Enhancements – Meditation

Trading Enhancements – Meditation
As a professional trader, I try to enhance my trading on a daily basis. Learning how to trade is an ongoing process - a process that never stops. Those who know me or who have traded with me know that I am always looking for a simple and straightforward approach to trading. Yes, of course I am testing indicators, new chart patterns, new charting techniques, and anything else that is showing up on ...
Continue reading
1282 Hits
0 Comments

The more I know, the less I know, and the more I become confused.

The more I know, the less I know, and the more I become confused.
People have the tendency to believe that the accuracy of forecasting the markets increases with more information. This is the illusion of knowledge – that more information increases your knowledge about something and improves your decisions. However, this is not always the case – increased levels of information do not necessarily lead to greater knowledge. There are three reasons for this. First, ...
Continue reading
1336 Hits
0 Comments

Next in the EUR/USD and new video on why you should ignore my calls

Next in the EUR/USD and new video on why you should ignore my calls
After my last two spot-on calls on the EUR/USD, here's the next one, plus a video on why you shouldn't pay any attention to it: My feeling is that since everyone expects the EUR/USD to correct right now, it won't but will instead move up for another day or two. Again I won't trade on this, actually I'll probably be short again tomorrow... And here's the video why you shouldn't care about any marke...
Continue reading
1038 Hits
0 Comments

How do I become flexible in trading?

How do I become flexible in trading?
One mark of a flexible trader is he/she has a carefree attitude when it comes to executing a trade. They don’t allow themselves to get bent out of shape over a trade. They don't sit and think over and over about their strategy. They have done their homework. They’ve developed a sensible trading plan, and when the opportunities present themselves, they pull the trigger on the trade. They don't ques...
Continue reading
1545 Hits
0 Comments

Draghi Day - EUR/USD To trade or not to trade?

Draghi Day - EUR/USD To trade or not to trade?
Today we had the long awaited ECB press conference and Draghi did his thing by surprising traders with their decisions. This is what happened so far (13:00 NY Time) and as you can see the volatility hasn't been that high for weeks with EUR/USD moving 400 pips intraday.  So what to do on such a day where you can expect higher volatility than usual? Take trades or not? For me it's a no-brainer....
Continue reading
1029 Hits
0 Comments

Don't Give Up

Don't Give Up
I received the following email: Hey Joe! I’m ready to give up. When I found out that statistically most traders are losers, I wonder what chance I have of ever making it. You have every chance of making it. You are not everyone else, you are you. Statistics and those who use them may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibility fo...
Continue reading
1481 Hits
0 Comments

Sometimes others get to play and you don’t.

Sometimes others get to play and you don’t.
Sometimes in softball games, as a kid, they handed out the bats and balls and gloves, and there weren’t enough to go around – so you had to sit it out. You had to sit on the bench and watch. The same thing happens in trading. Sometimes you don’t get to participate. You must get used to the idea that sometimes you will sit in front of your charts for days or weeks, and nothing at all will happen. O...
Continue reading
1181 Hits
0 Comments

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.