Trading Articles
Does Price Follow EMA’s?
No. Exponential Moving Averages (EMA’s) follow price. In fact, all indicators show history. In all the years I’ve been trading, I have never found any indicator that is predictive in nature*. All indicators show some form of where price was, not where it is going. So, to suggest that the price ‘must’ go in a […]
Never Any Losers, Hugh?
Not true! If anyone ever tells you they never lose, they are lying to you. I had a losing trade this morning, as a matter of fact. What I don’t want is losing days. So, here’s how it works. I map out my trading career, in particular, how much I expect to make every day. […]
How to Beat Inflation
Answer: Make more money. Sounds easy but it’s not. No, it is not easy but it can be done. But first, you need some seed capital. This is the money you will grow. You will also need some funds for training. Don’t skimp on either; both are important. If you secure a cash account from […]
Tips in a Volatile Market
Rather than fear a volatile market, I like to embrace it, dance with it and profit. Always buy time. it reduces stress when you know you can let market forces vacillate the stock and the price will likely naturally come to you. Plus, you have time to repair, if need be. Keep your reserve well […]
Lessons Learned
You are never too old to learn new lessons in this business. And, as you become more experienced, the tests continue to be thrown at you. Repeatedly, until you master them. Lately, one client was enjoying his plan of targeting $200 a day profit. After a while, he upped his target to $300 as his […]
Manipulated Markets
Yes they are, get over it! One lady recently in our Trading Room expressed deep concern that “Markets are manipulated!”, as if someone from the Securities and Exchange Commission was suddenly going to appear, straighten out the pricing and imprison the manipulators. “The SEC showing up? Never gonna happen.”, I told her. Yes, markets are […]
No Two Traders Are Alike
It is for this reason we offer personal training. We all have different experiences, exposures to markets and aspirations. Understanding of markets, strategies and budgets are all unique. Why would you learn to trade a scalp strategy if you don’t see your account balance over $25k anytime soon? Even our understanding of strategies would be […]
Control Your FOMO
Fear of Missing Out (FOMO) is a modern lexicon coined as the social anxiety from the feeling that others are making more money, having more fun or living better lives. In addition to fear, greed and ego, FOMO is the latest gremlin to dance on a trader’s head, ready to slip profits into losses. It’s […]
Tips to Selecting a Mentor
Options trading is risky business. Just like athletes and celebrities invoke the services of mentors, so should traders. You have an obligation to do your due diligence in selecting your trading mentor. Just as you would scrutinize the services of an accountant to defend you against the IRS or ensure a lawyer is in your […]
Money to Brains Ratio
Just like everything, I find that we are given challenges to our ability to handle them. As our trading experience – and trading accounts – grow, we are given a different set of tests. Harder tests. Something I teach in my course, not found anywhere else, but vitally important as you grow your account… it’s […]
