Simpler Summary Unlike in the 20s or even the 80s, we don’t need to be in New York to trade anymore. Now traders are able to use their computers and trade with an online brokerage platform. The benefit, of course, is as long as you have an internet connection and a computer you can trade … Read more
Simpler Summary When we started off trading, many of us came across the phrase “take your profits and run.” If you’ve ever been burned by a trade you may be thinking this is right on point. It’s a great way to protect your capital, but sometimes you’re only grabbing a minnow profit and end up … Read more
Simpler Summary As the opening bell rings and you pull up your charts, they may appear like the garbled blueprint of the Taj Mahal. As the Site Manager to the construction of the building you would not pull out a wrench to saw through a 2 by 4, instead you would need to know what … Read more
Simpler Summary Whenever you first start trading, you may become overwhelmed with the jargon that so many traders like to use. As you sit in the trading room or listen in on a webinar, you may feel as if everyone is speaking a different language – except evenGoogle Translator can’t help. Don’t be discouraged if … Read more
Simpler Summary As the market moves out of consolidation and the overall pull back we have seen from earlier this year, there are a lot of charts setting up to make some nice moves. If the markets are able to break out of this consolidation to the upside, there will be some stocks that have … Read more
Simpler Summary When you are on a roll in trading, it is easy to feel euphoric. Sometimes it can be hard to feel as if you could ever take a loss. However, losses, are just as much apart of trading as the profits. If you ever hear a trader has never taken a loss, … Read more
Simpler Summary Patience is a virtue. It is a phrase many of us have heard throughout our lives. It was told to us as kids when we asked “how much longer?” on a road trip. The saying was repeated to us as we grew older and checked for college acceptance letters, or when we waited … Read more
Simpler Summary Earnings can always be a fun time to place some trades. The rush of a gap in a stock in your favor can make it feel like you hit the jackpot, and that is the best way to look at trades held through earnings. Earnings Trades can often be seen a lottery trades. … Read more
Simpler Summary Sometimes having a Ego can be signs of a confident and determined individual. Ego can also lead people to having much heartbreak. In trading, the Ego can be seen as a fine balancing game. It is great when a trader has the confidence to read the chart signals to set themselves up for … Read more
Simpler Summary Chop, Chop, and more Chop. This week feels like we have been sitting in a Chinese Restaurant with a Chef who only knows how to prepare Chop Suey. Volatility has dropped off this week in the market due to the uncertainty and consolidation. This is also in line with our trading ranges … Read more