Yesterday a 30 year market veteran, who has been a part of our trading community for years, stopped by to visit. He has been struggling with his trading and felt something was just missing. He wasn’t sure exactly what. His visit and our discussion about his struggles became so interesting to me. This retail, developing trader was struggling with the … Read More
Taking your trading to the next level
In a daily trader review or monthly trader review, often I find the words: “to take my trading to the next level.” Traders wish to take their trading to the next level. It’s almost like we could start a cult: Next Level Trading. The desire is there for most traders. The question is the how. Most traders focus on trading … Read More
Stay away from these stocks
Hi Michael, I love One Good Trade. A book on Trading has never been so insightful yet so simple and engaging. Even Mark Douglas and (xxxx) can borrow a leaf or two from the simple, familiar language. I love it. Currently shopping for The PlayBook. Back to trading; in ‘One Good Trade’ you advise traders to avoid stocks with high … Read More
40 trading lessons from The PlayBook
An experienced and successful trader is starting with our desk, powered by Kershner Trading Group, next month. He is one of the more diligent traders you could meet. I have compared him to Tim Tebow in One Good Trade for work ethic. He just powered through One Good Trade and The PlayBook to improve his trading game and better prepare … Read More
Man I stink!
There are four traders in our September trading class, chosen from thousands of applicants. 16 days into his trading career one our new traders wrote this review: At the start of your career you are supposed to stink. The path of many traders is: 1) lose too much 2) lose less 3) flat 4) slightly positive 5) consistently positive 6) … Read More
Trade Review: Using Volume on S&P 500 Scalp
Marc Principato, CMT explains how traders at SMB use our proprietary volume analysis tool to master scalp trades. This example shows an actual trade taken in the S&P futures, but can be applied to forex also. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
Trading: Less Fighting, More Fishing
Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … Read More
Trade Review: Mastering EURUSD with Price Action Confirmation
In this segment, Marc Principato, CMT, reviews a real EUR/USD day trade that is based on two price patterns and candlestick analysis. He uses price action as confirmation to enter the trade. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions