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Trading Educators Blog

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Jun
13

Distraction

Distraction
Distraction is not something you can afford. If you cannot be fully focused on the price action and on following your trading plan, you are going to frequently find yourself in the situation you describe. The best rule a trader can follow is to focus on the action, not the outcome. Yes, I know that you, like many others are attracted to trading for the rewarding profits that can be made. You feel ...
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786 Hits
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Jun
13

You Need Control

You Need Control
The need for control is the biggest psychological impediment to profitable trading. Traders strive to control the markets, but in the end, they find that they must accept their fate and settle for controlling their emotions. When your money is on the line, it's difficult to remain calm, rational, and in complete control. You want to win, and there is a strong need to want the market action to fall...
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906 Hits
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Jun
06

Persistence is Needed in Trading

Persistence is Needed in Trading
​Trading is a profession where dare not give up in the face of adversity. You must go into the trading day expecting to have losses. It's not the most optimistic outlook, right? Trading in today's markets isn't like trading in the steadily upward trending markets in the days before the advent of a PC that could let you see charts. In the days when markets trended as opposed to swinging, just about...
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  783 Hits
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783 Hits
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Jun
06

Trouble Winning

Trouble Winning
There has been great interest in the markets lately, so there's no reason that you shouldn't take home huge profits, right? Although many traders profit, there are some who still can't seem to make a profit, even during relatively good times like these. Let's consider some of the psychological impediments that may limit success. The most obvious reason for an inability to win is a lack of experien...
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801 Hits
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May
30

Pivot Points

Pivot Points
​I have never been a pivot point trader per se. Pivot Points are those price levels that are most likely to act as levels of so-called support and resistance on any given trading day. As we already know, anything that most people use is liable to work. This is the only reason that theories like Fibonacci trading or Elliott waves appear to be more than just theory. For the same reason, the most inf...
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969 Hits
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May
30

Worry-Free and Profitable

Worry-Free and Profitable
Even though there is great interest in the markets these days, and more opportunities than usual, it's vital to approach trading with the proper mindset. You can't try to do too much, too fast. Successful traders approach trading with a carefree, focused attitude and putting added stress on yourself interferes with attaining this peak performance mental edge. When you are in the proper mindset, yo...
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882 Hits
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May
22

Believe in Trading

Believe in Trading
​Is there anything we can believe when it comes to trading? Is it all lies and fakery? Trading is a challenge. Tens of thousands are drawn to trading, but few last more than a few months. Trading is presented in such a way that it appears to be easy, so it's difficult to face the truth that trading is difficult—at least until you can get the hang of it. Many beginning traders need to win. They are...
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  779 Hits
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779 Hits
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May
22

Where the Public Go Next?

Where the Public Go Next?
​Even during a strong bull market, you have to do your homework. Many stocks will go up while the public is interested in trading the markets, but not all stocks are equal. Some will go up dramatically while others will barely move. If you want to trade like a master trader, you must closely study the markets to find stocks that are likely to go up. Despite the necessity of studying the fundamenta...
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817 Hits
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May
17

The next big thing in equities trading is here!

The next big thing in equities trading is here!
This is what the CME says about their new product the Micro E-mini futures for the 4 major US indexes. The S&P 500, the Dow, the Nasdaq and the Russell 2000. https://www.cmegroup.com/cme-group-futures-exchange/micro-futures.html From what I can tell, this new products are really great especially with all the high volatility we see right now in the US indexes. While it was easy to trade in the ...
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528 Hits
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May
16

Is it Really All About Image?

Is it Really All About Image?
Preconceived images have a powerful influence on our decisions. If we believe that a company has a hot new product, we can't help but think its stock price is bound to go up. Trading the markets can be 99% psychology at times. The image of a company can often mean more to us than actual earnings reports, but the masses can be fickle and it is vital to consider as many factors as possible while out...
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776 Hits
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May
10

Technical or Fundamental Analysis?

Technical or Fundamental Analysis?
​There are a number of reasons that many traders favor technical analysis over fundamental. For starters, fundamental traders tend to be commercial firms; that is, they are involved in the actual production or consumption of a commodity. The commercial firms have the information that most of us cannot afford to acquire. For example, are you able to go out and check global soil conditions in an agr...
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  525 Hits
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525 Hits
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May
10

Impulsive Trading

Impulsive Trading
​Why do so many traders abandon their trading plan? Is it their personality, an inherent pitfall of the trading profession, or temporary insanity? A host of factors may contribute to a lack of discipline. Depending on your personality, background, training, and experience with the markets, you may have trouble reigning in your tendency to act on impulse. For some people, impulsivity is in their na...
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2 Comments
Recent Comments
Guest — Pio Petrilli
Ciao joe, sono talmente affezionato a questa email, che non potrei stare senza.
Saturday, 11 May 2019 09:36
Guest — Joe Ross
Pio, Grazie per aver dedicato del tempo per dirmelo. Ti auguro il meglio della vita e con il tuo trading. Joe... Read More
Saturday, 11 May 2019 17:54
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  2 Comments
May
10

Is Trading all Lies and Fakery?

Is Trading all Lies and Fakery?
​Trading is a challenge. Tens of thousands are drawn to trading, but few last more than a few months. Trading is presented in such a way that it appears to be easy, so it's difficult to face the truth that trading is difficult—at least until you can get the hang of it. Many beginning traders need to win. They are hoping that the huge profits they make trading will solve many problems in their live...
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673 Hits
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May
03

Big or Small?

Big or Small?
Careful risk management is a key component you being able to trade at your best. Comfort level is really important when it comes to risk. You need to be comfortable in three areas: Emotional, Mental, and Financial. We could even add Physical to that list without having to make too great a stretch. If there is a real danger that you will lose large amounts of capital, or money that you just can't a...
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759 Hits
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May
03

Hoping to Break Even

Hoping to Break Even
​Jim has been holding a position for six months. A media analyst predicted the stock would hit $100 by the end of the year. He bought it at $75. It went down to $50, and it's on the way back up. During the recent interest in the markets, Jim is hoping that it will hit $75 so he can sell it and break even. The break-even point is critical. When you are on the losing side of a trade, all you can do ...
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1017 Hits
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Apr
19

Rest Periods

Rest Periods
During ongoing activities, such as day trading, you have to learn how to pace yourself. This means alternating between times of intense activity with times of greatly decreased activity, times that require very little of your attention. These "rest periods" should take place when you do not have to quickly react to sudden market moves. This is hard advice to follow for some traders. They just won'...
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879 Hits
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Apr
19

Disciplined Trading

Disciplined Trading
​Disciplined trading is critical for lasting success. Profitable trading requires a combination of skill and probabilities. The winning trader implements proven trading strategies over and over, so that across a series of trades, the law of averages works in his or her favor. Unless you make trades, you have no chance of winning. The more times you try, the more likely you will succeed. An importa...
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854 Hits
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Apr
11

Strategic Trading

Strategic Trading
​Successful trading is part reliable method and part mental edge. Without a sound set of methods and financial resources, it is impossible to trade profitably. Your method should also have a good track record, and it is essential to have enough capital to allow your method to work in terms of realistic position sizes and the number of losing trades you can afford to take before you hit upon a winn...
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640 Hits
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Apr
11

Trading In One Market Than In Many

Trading In One Market Than In Many
​Develop a relationship with that market, as though it was one of your best friends. Know the market's personality and feel its spirit to become one with it. Watch it carefully in various time frames. Watch it every day. One of the best experiences for a beginning trader, who may want to become a professional trader, is to sit in front of a monitor for a month and observe the market. Make price ch...
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770 Hits
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Apr
04

It All Comes Together

It All Comes Together
It is critical to develop a well thought out and organized trading plan. It is then important to have the discipline needed to follow it. Diversify your trading into several unrelated markets, or focus on one market and time frame where you have seen you can make money. Trading, by its nature is not investing. Trading requires consistent monitoring on at least a daily basis because of the large im...
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758 Hits
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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.