*****This is a guest blog submission from Jordan Caroleo – @Jordar411***** — Editor’s Note One of the best studies I use during the course of my trading is the VWAP. VWAP = Volume Weighted Average Price. What is this? Basically, the measure of average price throughout the day that is specific to volume. This is crucial for intra-day traders (and longer … Read More
The $GPRO Short and Why the Market Doesn’t Care
*****This is a guest blog submission from Jordan Caroleo – @Jordar411***** — Editor’s Note Traders, including myself, were caught in a wash of trades in this breath of volatility pushing longs and shorts alike. One thing that I’ve heard and have seen were traders anxiously waiting to get short $GPRO. I stepped back, looked at the technical side and asked those … Read More
Be Careful What You Wish For
Whenever I’m considering working with someone, I always ask a series of questions. One of the questions I ask is “Why are you trading?” I bet it wouldn’t shock you to find out the number one answer is “I want to make more money!” which is the wrong reason by the way but I accept it and continue on. My … Read More
Less is More
As I sit here looking at the 400 emails I’ve gotten this morning, I’m reminded of the massive amount of information we need to sift through on a daily basis and how all that information affects our journey as traders. I grew up with the belief that” knowing everything I could know” about a subject was a good thing. After … Read More
How Memory Affects Your Trading
The emotions we feel and the actions we take are largely dependent on how we remember things. This is because we use our memories to learn. We might think something like “I remember the last time this happened. I did that and got a favorable result, therefore I will do that again.” The challenge however, is that our memories aren’t … Read More
Training for Trading Success
Think back to the last time you experienced the opportunity to watch a world class performer, someone who really put on an amazing show. It doesn’t matter whether it was a musician, a sports athlete, an actress, a doctor or a business owner. When you see one of these performers in action, you can’t help but admire their skills. It … Read More
Harness the Power of Your Emotions
As humans we make decisions based on emotions. Of course we sometimes use logic change our decisions but our initial decision, and the one we are most likely to act upon, is always based on emotion. This is because our emotions are much more powerful and react much more quickly than our logic. Therefore, our emotions quickly send us down … Read More
The Power of Focus
Most traders have no idea of the amount of progress they can make when they focus all their resources on mastering a single style of trading. Controlled focus is like a laser bean that can cut through the biggest challenges that have been blocking the path to your success. When you focus consistently on the improvement of any one trading … Read More