There are hundreds of trading styles out there. There are dozens of markets to trade. There are multiple time-frames to trade on. But there are only 2 kinds of traders that are making any money. And the only question you need to be asking yourself is: am I one of them? If you are one … Read More …

A question we get asked frequently is whether we wait for “confirmation” before entering a trade, or if we just enter right at our Support or Resistance Zone without waiting for any confirmation. The short answer is: We do not wait for confirmation. Watch the video to learn why it’s a bad idea to wait … Read More …

You’ve surely heard that to succeed in trading you have to be mentally flexible and be able to quickly change your views when the market changes. i.e. You have to have dynamic trading.  But how do you do that exactly?  It’s one thing to tell you to be flexible and dynamic, but it’s quite another … Read More …

Another year has begun, and with it the promise of better trading and better results. But instead of just hoping about these things, I’d like to give you a trading insight that will guide you towards them.  One of my biggest trading influences, Dr. Brett Steenbarger, once had this to say: The good trader limits … Read More …

This educational video goes over a couple of short setups in the E-mini S&P 500 Futures from Friday, December 21. The video shows the importance of having a Trade Plan, Key Support/Resistance Areas and an understanding of the Market Context. Good trade location is, in itself, an edge. Tweet

No subject is more misunderstood than that of trading risk. I see so many varying opinions, and a lot of traders have major misconceptions about it. This is partially brought about by financial industry professionals and academia. I won’t get started on the value (or lack thereof) of most formal education, but I will say … Read More …

The market context was discussed in our December 17 Weekly Outlook video. In this video, we explain a Long setup in the E-mini S&P 500 futures from Tuesday, December 18, based directly on the ideas discussed in our Outlook video. Tweet

It’s a common problem. You stick to your stops with discipline, you practice correct position sizing, and yet you find yourself still losing. While you managed to avoid any large disastrous losses through good risk management, you fell into another trap: death by a thousand cuts. For me personally, this was always my Achilles heel. I respected … Read More …

There’s one thing that, if you can’t do, will virtually guarantee failure for you as a trader. It’s counter-intuitive because it actually seems like you shouldn’t do it. But who said good trading was intuitive? Not being able to do this one thing will be responsible for more missed opportunities than anything else I can … Read More …

This is a strange one. And it goes against conventional wisdom. But whoever said conventional wisdom was actually wise? Your trading career, like mine, may end up coming down to going against the crowd and doing the ‘unconventional thing’. So what is the unconventional thing that strangely helped my trading career the most? It’s… quitting. … Read More …