For every move, there is a countermove. Always. No matter how big the bar is, the next bar can eliminate it. No matter how perfect the pattern looks, one move can destroy it. No matter how sure you are about the direction of the market, you can be totally wrong (on any timeframe). This is …
This problem comes up a lot with day traders: The standard advice out there tends to be some version of this: “Just stop breaking the rule.” “Just be disciplined, dummy.” There is a degree of truth in those responses, but they’re far from complete and ultimately not very helpful. Breaking certain rules – especially around …
A few years ago, I put together a book called Trading SOS. Here it is, as a blog post: Alright, let’s get this out of the way: —> You’re here because things aren’t going well. That’s OK. Take this as a chance to step back, take an honest look at what’s going on, and then …
Today’s session was a clinic on why the NQ is so tough to trade compared to other markets. A few points came up that I think are worth noting. Here’s a quick summary: Really should have included a shot of the daily session. Basically, by putting together such a strong session overnight, the NQ flipped …
Note: Futures.io has changed to NexusFi since this article was written. Want great trading training? Big Mike over at Futures.io has organized a growing library of excellent webinars hosted by experts on niche topics. The videos tend to be about an hour long and feature everyone from strong traders from the community to outside specialists. …
From the old blog… Today’s a good chance to look at my favorite series of events on the NQ. I’m oversimplifying a little, but this type of action is pretty common, especially with the NQ. Here’s an example: Monday morning, price pushed up, failed, and then collapsed down in a big way. Most trading resources …
I thought I’d kick things off by sharing a list of the best traders I’ve learned from over the last ~20 years. #1: Lance Beggs At the time of writing, YTC is in its last days. A few months ago, Lance announced he was shutting down YourTradingCoach.com. It’s a huge loss for the trading community …