Dear Traders, Happy Valentine’s Day! In the chatroom, I made only one trade this morning and it was amazing. I have posted my recap on my AMD trade here. It was a very nice ABCD Pattern that later turned into an excellent 9/20 TradeBook strategy play. In world news, Russia did not attack Ukraine over […]
Dear Traders, Today, Thor and I have posted what in my opinion is one of the most important recaps thus far in 2022. Please watch it here. Many new traders will wonder if a Stock in Play should be long or short at the Open. The answer to that question lies in your trade management. […]
Dear Traders, Happy inflation report day! At 8:30am ET, the CPI numbers came out and they were 9.2% more than anticipated, like 0.2%. Reaction was quick in the premarket, with a sharp drop of over 2%, but as I write these words, the recovery seems to be equally quick at the Open, with all the […]
Dear Traders, I hope you are having a better day than I am. I got really chopped up at the Open and had to unfortunately take some heavy losses. You can watch the recap that Brian and I posted here. Tomorrow is when the CPI figures for January will be released, and they will tell […]
In the second workshop of this two-part series, CrĂ©de will talk to our volunteer traders to assess the impact that the mental edge strategy has had on their trading performance. We will discuss traders’ experiences with implementing the technique and forensically evaluate what aspects of their trading have improved and what still needs some work. […]
One of the most common strategies that tempts traders is Breakouts. However, trading Breakouts is not as easy as it might sound. For example, one cannot take a 1-minute ORBU (Opening Range Breakout Up) only because a candle is making a new 1-minute high. The same is true for other time frames. In this webinar, […]
Journaling your trades is a critical component to your long-term trading success. Every serious trader who wants to survive and thrive in this business should be journaling. In this webinar, Ed will take you through his best practices of journaling and show you how to streamline the process, so you can become a more consistent […]
Dear Traders, I hope everyone had a good weekend. We have recorded another episode of AfterHours with Traders. At your convenience, please take the time to view it and in particular let me know what you think about Brian’s colored socks! Today, we executed some excellent trades on BABA, AMD, and PTON. You can watch […]
Dear Traders, The chaos around tech earnings surprised everyone. Brian was in the office yesterday and he said that in the last 30 years he has been trading, he has not seen such earnings volatility. This morning, SNAP and F were very nice to Brian and I, and we made some great trades on them. […]
Dear Traders, Today, Brian and I executed two amazing trades on Facebook, both short and long, and booked superb profits! You can watch our recap here. Unlike Brian and I, Zuck is having a bad day. Yesterday, Meta (previously known as Facebook) reported their earnings, and for the time ever, their number of active users […]
When driving, you never switch lanes without checking your mirrors first. When trading, you should never take a trade without checking the Tape. In this webinar, Thor will discuss how to utilize the Level 2 ladder structure in order to help you identify directional bias as well as to assist you in your overall trade […]
Dear Traders, This morning, my trading took a hit with some overtrading on $AMD. I traded outside of my TradeBook and did not stop when I should have. There is a lesson to be learned in that. Brian also unfortunately did not have a stellar day. You can watch our recap here. The most noticeable […]
Dear Traders, What a January! I never thought I would miss 2021, but I certainly did – until last week that is. Friday, before the Close, we experienced a big rally with all indexes closing green for the week (except for the growth sector represented by IWM). Today, the market tested the low of the […]
Dear Traders, The market certainly sold off at the Open today but it has reversed significantly by the time I am writing this newsletter at 11am ET. Market volatility has been so high lately that it is challenging to write some commentary with any sort of confidence during market hours! Brian and I each had […]
Dear Traders, We had some amazing trades today in the chatroom including a short on TSLA and a reversal on AMD. Please watch the recap that Brian and I posted here. TSLA has reported some very interesting earnings, and although they had record profits, the overall fear of supply chain issues has taken them down […]
Dear Traders, Today, the market gapped down again and traded lower. Yesterday, it went down as low as 5% for QQQ, while reversing and closing almost green for all indexes. What a volatile time we are trading in! Brian and I traded a nice reversal around 10:15am ET on QQQ and IWM. You can watch […]
In part 2 of this multi-part webinar, Kyle will be reviewing additional advanced Hotkeys (for DAS) which have been proven to be very beneficial in assisting a trader with their risk management. But there’s more to this webinar than just that. In all honesty, the advanced Hotkeys being discussed this evening can only really be […]
When you enter a position, it is influenced by a number of random variables, all of which will have an effect on the outcome of your trade. Unlike the majority of professions, trading does not allow you to control or even influence the outcome of a trade. In this webinar, Mike will introduce the concept […]
Without risk management, you are susceptible not only to losses in the markets but also to inconsistent returns over time. If you understand the core principles of risk, as well as how to manage a trade once the risk is defined, you will be able to make consistent money in the markets, no matter the […]
Markets change character over time, but people do not. And we are certainly creatures of habit. The S&P and QQQ have more than doubled from the March 2020 bottom and for only one month have closed below the previous month’s low. Naturally, we all get accustomed to trading long. As of mid-January, SPY is down […]