The ability to detect a trading signal above the noisy day-to-day gyrations of the market is crucial for anyone who seeks to become a trader. Buy and hold investors only make money when the market goes up, but when you have a long timeframe, the averages work in your favor. But traders have to […]
High probability trading strategies are a good starting point but you must also consider some other important metrics to help maximize your profitability. “My best trader makes money only 63% of the time. Most traders make money only in the 50% to 55% range. That means you’re going to be wrong a lot. If […]
Most people associate “insider trading” with secret tips and federal agents busting into a dirty hedge fund like Showtime’s Billions. That’s insider trading based on material non-public information (MNPI). We will cover the illegal side briefly, but today’s article is mainly about the legal open market activities of company insiders. When an “insider” of […]
Failing to prepare is preparing to fail . . . Building a watchlist of tickers that you’re interested in trading for the day is an essential part of a profitable trading process. A watchlist is simply a short-list of stocks that meet or might meet your criteria for a profitable trading setup. While your […]
Different order types are among the most boring stock market subjects, mostly the focus of a small sect of high-frequency trading enthusiasts and opponents. But the discussion of stock market orders shouldn’t be about the orders themselves, but framed in a discussion about trade planning. Planning your trades has a significant material effect on […]
What is Support and Resistance? Support and resistance is a stock market concept which gained steam in the 1800s and early 1900s. The idea is that certain price levels have significant imbalance of supply and demand, and serve as market turning points. In plain English, a support level is a price level where buyers […]
One of the things why day trading for a living has a strong appeal for many people is the fact that you can do it anytime and anywhere, without a manager or boss breathing down your neck. You can trade from home or even while traveling, thanks to advances in technology. And, in addition to […]
The bump and run reversal pattern is an advanced chart pattern that helps traders spot the end of a trend and the start of a new one. Below we will go over what the pattern looks like and tips on how you can trade it. What is the bump and run reversal pattern? The […]
The Post-COVID rally has been tremendous after bottoming out in March 2020. However, is it here to stay or is this just a setup for another sell off? Post-COVID Rally On the first of the year, if I told you how the first six months of 2020 were to unfold, I think you’d be […]
The Morning Star might have unpleasant Biblical connotations, but it’s an important bullish pattern for day traders to look for. The Morning Star is a signal that a downtrend could be nearing its end and a reversal to the upside could be on the horizon. On the other hand, the Evening Star is the Anti-bull, […]
