200508-01

This shows how buying the market when the RSI breaks above 50 can put you on the right side of a strong trade

200508-02

In a choppy market, trend-following indicators will result in whipsaw trading

200508-03

Some of the oldest, simplest, and most successful trading systems are breakout systems

200508-04

Some of the best breakout trades come after a market that has been trending in one direction has a retracement

200508-05

Trading breakouts requires a patient and dedicated trader

200508-06

Probably the most quoted golden rule of trading that anybody who has ever traded has heard is Cut your losses and let your profits ride

200508-07

Other than not using stops, the thing traders do wrong most often is placing them in the wrong spots

200508-08

When trading, one definitely should look at the larger time frames to get a better idea of where to put proper stops

200508-09

A trading plan consists of a mixture of money management and the proven strategy behind ones trades

200508-10

Knowing how to use position size correctly is another thing that will help a trader immensely

200508-11

Making a trading plan can be time-consuming and difficult

200508-12

Some traders get into trouble because they make trades without any type of system or plan

200508-13

Another buffer in a breakout system may be to buy when the market closes above a 35-period moving average for 2 days in a row

200508-14

The problem with this is that on short-term systems there will be many times when you are trading against the major trend of the market

200508-15

By backtesting you should get an idea of whether the trading system can work in the future

200508-16

The best traders make money only 50 percent of the time

200508-17

I often compare good traders with professional gamblers

200508-18

Everyone knows that trading should be done with money one can afford to lose, but try not to think of it that way

200508-19

In trading multiple positions its important to pick stocks or commodities that have little correlation and dont move together

200508-20

A trader who is always in the market and/or always has too many positions on is not very disciplined

200508-21

A trader also should have the discipline to stick with winning trades

200508-22

The best overall argument against overtrading is that it helps a trader become a losing trader more quickly

200508-23

Some traders feel the need to be in the market at every possible moment

200508-24

Nobody wants to take a loss on a trade or for the day, but some people take losses as a blow to the ego

200508-25

It's important to achieve your peak performance when trading

200508-26

Greed comes into play when a trader has a nice profit in a trade and just wont take it

200508-27

Traders can know exactly what they are doing, but if they are trading the wrong market for their personality, they will lose money

200508-28

Individual traders live in a state of constant flux, stuck between two worlds that combine both the best and the worst that trading has to offer

200508-29

For stocks making new highs, look for a bearish divergence using a seven period RSI (relative strength index)

200508-30

In working with other traders, I see impulse trading as one of the most common reasons for people getting their heads handed to them

200508-31

When traders decide they don't want to lose any more money, they unwittingly turn themselves into the late entry champions of the trading world

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Previous Issues

200507

Each trader has to pick the time horizon that best fits his style of trading

200506

Have you attempted to trade different markets (stocks, futures, commodities) on an ongoing basis?

200505

Both casinos and FX brokers have an ace up their sleeve which ensures that the odds are always shifted aggressively against a player

200504

Trading can bring you independence. Trading currency has brought that to me, and I hope that it can do the same for you