Many mainstream trading books about forex trading love to talk about the importance of combining a fundamental view and a technical view of the market. That’s great if you are going to be interviewed on a popular financial media outlet. Fundamentals make you sound smart, and smart is sexy. The problem is fundamentals generally look at the market from a … Read More
How and Where to Get Bigger ($DKS)
Below is a Trade Management slide from a PlayBook trade of an SMB Trader. As I discuss in The PlayBook, our traders archive a favorite setup from the trading session for their trading PlayBook. Looking at the trader’s markup below, we should review an opportunity to get bigger in this position. Shorting below an Opening Range of a Stock In … Read More
The 800-Pound Gorilla in the Room: Exits
Managing your exits is at least as important as where you’re getting into the market, and a quirk of human nature makes this a little bit more complicated