The best stock trading tips are not actually stock recommendations that may pay you once, but pieces of stock trading wisdom that will pay you over and over again by making you a better stock trader. In this ultimate stock trading tips article we share the trading...
Introduction to Improving Your Stock Trading SystemsSystematic traders have a huge advantage over discretionary traders because the system defines exactly what actions we should take in the markets at all times. We know this because our rules are fully defined and...
Gone are the days when stock trading was reserved for those in the finance industry. Now, more people are recognizing that stock trading is an excellent way to eventually find financial security and stability in the future. Indeed, The Balance notes that investing in...
Quitting your full-time job to trade for a living is a fantastic goal to strive for but there's a couple of things you need to have in place before you should consider chasing after the dream to trade for a living. It's not just about having the system and the...
I routinely use ALL of these types of orders in stock market trading systems. Each has different advantages and disadvantages and the best stock order types for you will depend on a variety of factors such as: The liquidity of the stock you are trading How urgently...
What to do when your trading system hits your maximum historical drawdown? One of my students recently asked me "What happens/what do you do, when you hit your max draw-down? Do you stop trading and take a break? Keep going?" There is a common piece of conventional...
We're trading for one specific purpose, mostly to make money. But the flip side of that, if we get it wrong is that we lose money. And when we're placing a trade, the fear comes up in three places. The first time that fear comes up is when you're about to hit the buy...
The first thing is being consistently profitable, and the second thing is having the discipline to stick to your system. I want to be clear that trading is not like a day job, compared to going to work, getting paid, there is very little consistency in your returns...
A big part of this rests in your trading psychology and confidence in your trading system, but there's another part that all of us as traders have slightly different psychology. I'm a fairly patient person, I don't want to make lots of decisions every single day and I...
When you design your system, you have to know what your exact entry rules are. We often focus on the indicators, but we miss the execution. I don't look intraday, I only look at daily charts. When I'm trading end of day systems, I download my data, I run my scans, I...