Join Dr. Reid for another presentation designed to help you break the fear and loss cycle. In this webinar, Dr. Reid will provide you with a method that can be trusted to instill the courage you need to take only those “A” trades, despite any...
Risk in trading is inevitable, but bad risk is avoidable. In this interactive session, we will discuss how to make good vs. bad risk decisions, as well as how you can manage your trades to balance your risk vs. reward calculations. ...
As an individual trader or investor, you cannot trade directly on a Stock Exchange. For that, you will need a “broker” or “brokerage account.” A broker is simply an intermediary that gives people access to a Stock Exchange. For day trading, you need a good direct-access...
Trade the Best, Leave the RestAs part of the algorithmic trading by computer systems, the majority of stocks will trend with the overall market unless they have a reason not to. So, if the market is moving up, the majority of stocks will be moving...
Dear Traders, Another volatile week has commenced, with the market gapping down over 1% but then rebounding in the Open session. I am in the United Kingdom, and actually staying in Windsor, near the castle grounds where Queen Elizabeth II will be laid to rest. It...
What Are Candlesticks? Candlesticks are a very common way to chart the price of stocks. They allow you to see the opening price, the highest price in a given time period, the lowest price in that time period, and the closing price value for each time...
Dear Traders,The markets were destroyed yesterday, with the technology sector QQQ down over 6%. More aggressive hikes are on the way, and central banks all around the world (with the exception of China and Japan’s) will continue to raise interest rates. Today, the market found...
Dear Traders,Happy inflation number day! Inflation did not ease as expected in August 2022, with an 8.3% rise showing that the squeeze on consumers remains persistent even when gas prices fell. The market is falling apart as I am writing this newsletter, with the tech...
Some traders focus heavily on technical indicators like the RSI (Relative Strength Index), the moving average convergence divergence (also known as the MACD), or the moving average crossover. There are hundreds, if not thousands, of sophisticated technical indicators out there. Some traders believe they have...
Dear Traders,I had a “meh” trading day with a heavy loss on AMD and a great win on TSLA. You can watch the recap that Brian and I posted here.The market rallied for the second day as investors assess whether monetary tightening (high interest rates)...
Why You Need to Manage Risk Risk management is the science, and often the art, of limiting the losses your trading account may suffer. All professional and great traders lose money. What distinguishes the successful ones from the burnouts is that they manage their risk well. There...
Dear Traders,My apologies for the long absence from trading. I was completely offline at Burning Man in Black Rock City, Nevada. This was my 3rd burning, and it was an amazing experience. The market opened choppy this morning but has stayed strong as I am writing...
What Is Day Trading? As the name suggests, day trading is based on buying and then selling stocks within a single day, and sometimes within minutes or seconds. Unlike traditional investing, which usually involves thoughtful market analysis and long-range planning, day trading focuses on the countless...
The performance problems you have in trading are not caused by anything “out there” in the markets. Depending on what emotionally-based mindset you are in at a particular moment, you will “see” your charts differently. Most step into the batter’s box already primed by fear,...
When should I enter into a trade? When should I let my winner run and when should I exit all for a small profit? Should I move my stop loss to break even? These questions - and more - are the types of questions you...
One of the first steps to trading successfully is figuring out “where” to find a trading opportunity. In this webinar, we will discuss just that. Using volume- and price-based criteria, we will focus on how exactly you can find specific stocks that would be expected...
Dear Traders,The market rallied at the Open and we took some amazing trades on TSLA and TQQQ with Brian. You can watch our recap here. It was a big move! The market is red, and only the Energy sector is strong today. Brian’s natural gas...
Dear Traders,Today was an astonishing day. NVDA’s earnings were missed by 15% and the stock gapped down 7%, but then traded higher for the day at 5%! What a crazy market. Brian and I had a great trading day. We posted our recap on NVDA...
Dear Traders,We had an amazing seminar in Southern California on Saturday, with over 60 traders from our community attending for a half day of presentations. It was a very successful event that we plan to repeat over the coming months in both Florida and the...
Dear Traders,Today was an amazing day as a day trader in the market. Despite all the indexes being negative for the day in a big way, Brian and I were able to take advantage of some very volatile moves in the market, including on tickers...
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