Friday, April 29, 2016
Learn to Day Trade with Trading Webinars and Mentors
The Most Effective Method to Learn to Day Trade Most people who want to learn to day trade start out sifting through the thousands of trading books found on the Internet. In their quest to learn to day trade, most people find how to books are one of the least effective methods for learning and succeeding at day trading the markets. The software and education combination is a bar better route to make money trading futures, forex, and stocks. Day trading mentoring in conjunction with equities, forex, and commodity trading software have proven to be the most efficient method for traders in their quest to learn to day trade. Trading seminars taught by professionals are available for the beginner or intermediate trader in either a live format or an online webinar. This type of learning process is most effective when there is interactivity between the trainer and the students. Alternatively, individualized mentoring instruction, while more expensive, can be a very effective method to
https://www.indicatorwarehouse.com/learn-day-trade/
Learn to Day Trade with Online Trading Webinars
The Most Effective Method to Learn to Day Trade Most people who want to learn to day trade start out sifting through the thousands of trading books found on the Internet. In their quest to learn to day trade, most people find how to books are one of the least effective methods for learning and succeeding at day trading the markets. The software and education combination is a bar better route to make money trading futures, forex, and stocks. Day trading mentoring in conjunction with equities, forex, and commodity trading software have proven to be the most efficient method for traders in their quest to learn to day trade. Trading seminars taught by professionals are available for the beginner or intermediate trader in either a live format or an online webinar. This type of learning process is most effective when there is interactivity between the trainer and the students. Alternatively, individualized mentoring instruction, while more expensive, can be a very effective method to
https://www.indicatorwarehouse.com/learn-day-trade/
Learn Trading through Mentoring and Online Trading Webinars
Learn Trading through Instruction and Mentoring Books on day trading are available everywhere that help individuals learn trading and how to make money through the various trading instruments. However, they are often one of the least effective ways to comprehend the process. There are better day trading tools including commodity trading software and online trading software that have been proven effective for many traders in their quest to learn trading. Trading seminars taught by professionals are also available for the beginner and intermediate trader in either a live format, or an online webinar. This type of learning process is its most effective when there is interactivity between the trainer and the student. Alternatively, individualized mentoring instruction proves to be a highly effective method for one to learn day trading that can lead to a long, successful trading career. Learn Trading One on One There are numerous individualized trading instruction & mentoring programs wh
https://www.indicatorwarehouse.com/learn-trading-through-mentoring-and-online-trading-webinars/
Wednesday, April 27, 2016
How Much Money Can You Make Day Trading?
A question I often get in my line of work is how much money can you make from day trading. The question usually sounds something like: Hi, Adam! I was wondering if you could share with me how much you are making per month (either in $$ s or %) so I can know what to expect for myself. After getting over the initial shock someone would ask something so personal, I started to try to figure out how to best answer this question. I have no problem being open and honest about anything, but I have a value system that usually prevents me from sharing every detail of my life indiscriminately. However, I realized that even if I only shared my numbers with each person asking, it would not help their trading one bit. Why? Because everyone s experience is different! Day trading is not like a regular career choice or job. There are no guarantees for success. Because I have worked with so many traders over the years, I have a big picture understanding of how much day trading money
https://www.indicatorwarehouse.com/day-trading-money/
How Much Money Can You Make Day Trading
A question I often get in my line of work is how much money can you make from day trading. The question usually sounds something like: Hi, Adam! I was wondering if you could share with me how much you are making per month (either in $$ s or %) so I can know what to expect for myself. After getting over the initial shock someone would ask something so personal, I started to try to figure out how to best answer this question. I have no problem being open and honest about anything, but I have a value system that usually prevents me from sharing every detail of my life indiscriminately. However, I realized that even if I only shared my numbers with each person asking, it would not help their trading one bit. Why? Because everyone s experience is different! Day trading is not like a regular career choice or job. There are no guarantees for success. Because I have worked with so many traders over the years, I have a big picture understanding of how much day trading money
https://www.indicatorwarehouse.com/day-trading-money/
How Much Money Can I Make Day Trading?
A question I often get in my line of work is how much money can you make from day trading. The question usually sounds something like: Hi Adam! I was wondering if you could share with me how much you are making per month (either in $$ s or %) so I can know what to expect for myself. After getting over the initial shock someone would ask something so personal, I started to try to figure out how to best answer this question. I have no problem being open and honest about anything, but I have certain sensibilities which usually prevent me from sharing every detail of my life indiscriminately. However, I realized that even if I simply shared my numbers with each person asking, it would not help their trading one bit. Why? Because everyone s experience is different! Day trading is not like a regular career choice or job. There are no guarantees for success overall and it s got such a wide range of results people find from doing it. In many professions it is easier to gaug
https://www.indicatorwarehouse.com/how-much-can-i-make-goals-and-planning-when-trading/
How to Make the Perfect Day Trading Sandwich
When people use the term day trading , they mean the act of buying and selling a stock within the same day. Day traders seek to make profits by leveraging large amounts of capital to take advantage of small price movements in highly liquid stocks or indexes. Here we look at some common day trading strategies that can be used by retail traders. Now, you’re probably saying… “What the heck does a Sandwich have to do with a profitable trading plan?” It turns out A LOT! In order to have a great sandwich, you must have two slices of quality bread, and your personal choice of ingredients, right? That said.. what critical role does bread play in the making of a solid sandwich? It holds everything together… A great Trading System is exactly the same! Here’s the point: The ingredients between the bread are important. However, choosing those ingredients is a matter of personal preference. In fact, there is nearly an infinite combination of things you can use to make a sandwich But, t
https://www.indicatorwarehouse.com/how-to-make-the-perfect-day-trading-sandwich/
How Much Can I Make Trading?
A question I often get in my line of work is how much money can you make from day trading. The question usually sounds something like: Hi Adam! I was wondering if you could share with me how much you are making per month (either in $$ s or %) so I can know what to expect for myself. After getting over the initial shock someone would ask something so personal, I started to try to figure out how to best answer this question. I have no problem being open and honest about anything, but I have certain sensibilities which usually prevent me from sharing every detail of my life indiscriminately. But I realized that even if I simply told each of these people asking the numbers, it would not help their trading one bit. Why? Because everyone s experience is different! Day trading is not like a regular career choice or job. There are no guarantees for success overall and it s got such a wide range of results people find from doing it. In many professions it is easier to gauge
https://www.indicatorwarehouse.com/how-much-can-i-make-goals-and-planning-when-trading/
Tuesday, April 26, 2016
Sunday, April 24, 2016
5 Things to Help Protect Your Trading Account
You wouldn t embark on our day trading journey if we thought you were going to lose money. I think only the most masochistic of gamblers gets into day trading specifically to blow money. Yet, after only a bit of experience, virtually any trader realizes losing money can happen even when that is the last thing on their mind. So today, I want to focus on the day trading version of a classic baseball pitching by saying don t give up the big inning. In baseball, the pitcher has a unique position in that every ball on the defensive side goes through his hands on the way to whatever the result may be. He has the game in his hands and his supporting cast of defensive players can only watch and react to what happens after the ball leaves his hands. I propose that YOU are just like the pitcher in the ballgame of day trading. In baseball, a pitcher can lose composure or get tired. Pitches that were hard to hit before now sail from the mound to the other guy holding the bat. It is
https://www.indicatorwarehouse.com/protect-trading-account/
Automated Trading Software
Man vs. Machine Recently, I was asked if we are creating Automated Trading software for the Diversified Trading System (DTS) or the Raptor Trading System (RTS). The answer is Yes. But it s still far out. Why? Because while the math of this Automated Trader is based on our Trading Systems; the program is being designed for an automated trading environment. IMHO, a common misunderstanding is that one can automate how humans trade and that humans can trade the way machines do. Each device has its strengths and weaknesses. I believe humans can be better traders than machines because they can process more nuances than a computer. Subtle is tough to code. But, humans suffer from inconsistent execution and follow through. This situation is not the case with an automated system. A computer can be depended on to take the same trade under the same conditions every single time. The challenge with Automated trading is Chop . Choppy tight range price action is tough enough on us humans.
https://www.indicatorwarehouse.com/automated-trading-software/
Knowing YOU are the pitcher in the ball game of day trading
We wouldn t embark on our day trading journey if we thought we were going to lose money. I think only the most masochistic of gamblers gets into day trading specifically to blow money. Yet, after only a bit of experience, virtually any trader realizes losing money can happen even when that is the last thing on their mind. So today, I want to focus on the day trading version of a classic baseball pitching saying (since we are about to start the MLB season!) don t give up the big inning. In baseball, the pitcher has a unique position in that every ball on the defensive side goes through his hands on the way to whatever the result may be. He has the game in his hands and his supporting cast of defensive players can only watch and react to what happens after the ball leaves his hands. I would like to make the analogy that YOU are the pitcher in the ballgame of day trading. In baseball, a pitcher can lose composure or get tired and pitches that were hard to hit before now sail
https://www.indicatorwarehouse.com/knowing-when-to-say-when-in-day-trading/
Algorithmic Trading Software
Man vs. Machine Recently, I was asked if we are creating algorithmic Trading software for DTS. The answer is Yes. But it s still far out. Why? Because while the math of this algorithmic trader is based on the Diversified Trading Systems; the program is being designed for an auto trading environment. IMHO, a common misunderstanding is that one can automate how humans trade and/or that humans can trade the way machines do. Each device has its own strengths and weaknesses. I believe humans can be better traders than machines because they are able to process more nuances than a computer. Subtle is extremely difficult to code. But, humans suffer from inconsistent execution and follow through. This is not the case with an electronic system. A computer can be depended on to take the same trade under the same conditions every single time. The challenge with algorithmic trading is Chop . Choppy tight range price action is tough enough on us humans. But, for computers, it s dead
https://www.indicatorwarehouse.com/algorithmic-trading-software/
Friday, April 22, 2016
Use the Daily Range to Set Stop Loss and Profit Targets
Anyone who spends any time in our trade room, or simply talking to me about trading knows I am a support and resistance addict. I use it daily, with every trade. My approach to trading ANYTHING relies on the information given through Support and Resistance. And, when people ask me about stops and profits targets .yup I say Put them near key support and resistance levels. But what if I had to do it differently? What if my trading REQUIRED me to choose mechanical, calculated values instead? How the heck would I do it? Could this a Support and Resistance junkie really come up with a way that made sense? I always enjoy a challenge. So, I spent some time thinking about it. If I had to choose a method for placing my stops and profit targets not based on my favorite method here is how I would: Before I get to the actual nuts and bolts , let s cover the theory first. The name of the game here is Daily Range. What is a daily range? It s the number, in ticks, that each trading
https://www.indicatorwarehouse.com/daily-range-stop-loss-profit-targets/
What George Costanza Taught Me About Stop Management
George Costanza (Jason Alexander), the lovable loser from the sitcom Seinfeld, never seemed to be able to get ahead. That is, until one particular episode where George got fed up with his circumstances and decided to do everything opposite of what he normally did. The logic was that if the things he normally did got him to where he was now (loser) then doing the exact opposite should get him to where he wanted to be (winner). The outcome was that, by the end of the show, George was the new Manager of the New York Yankees, so his plan worked splendidly. I thought this was a fascinating concept and one that might have relevance in the trading world as well. Maybe we, as traders, need to be more like George Costanza and question what we’ve assumed to be right all these years. Maybe like George, we too will have the opposite result and turn our losing trades into winners! Traders tend to treat trading axioms as Gospel. If it sounds good, we believe it. We hear things like: the trend is
https://www.indicatorwarehouse.com/stop-management/
Chuck Norris’ Day Trading Boredom Smackdown
Do you ever get bored when trading? I hear this quite a lot. In fact, it is often day trading boredom that can cause us to lose our grip on a disciplined approach. After all, there are few things more exciting and ultimately satisfying than taking a trade you should not have and then winning big. It delivers that guilty pleasure of being an outlaw, rebel, and hero all rolled into one. Good guys wear black! Unfortunately, this scenario is highly addictive, and it has cleaned out many accounts. Let s just put it this way: it is crazy! Just say no! The question is How should you deal with day trading boredom? It might drive you into rapid action scenarios like micro-scalping. Nothing wrong with that but you better know your stuff. Otherwise, it is equally as crazy as taking the trade you should not have. Common boredom killers are watching TV, a movie, or surfing the net, knitting (ya, right) all the while keeping an eye on your analysis chart. The problem is,
https://www.indicatorwarehouse.com/day-trading-boredom/
Chuck Norris Day Trading
Do you ever get bored when trading? I hear this quite a lot. In fact, it s often the boredom that can cause us to lose our grip on a disciplined approach. After all, there are few things more exciting and ultimately satisfying than taking a trade you shouldn t have and then winning big. It delivers that guilty pleasure of being an outlaw, rebel, and hero all rolled into one. Good guys wear black! Unfortunately, this scenario is highly addictive and it has cleaned out many accounts. Let s just put it this way: it s crazy! Just say no! But still, how do you deal with the boredom of day trading? It might drive you into rapid action scenarios like micro-scalping. Nothing wrong with that but you better know your stuff otherwise it s equally crazy as taking the trade you shouldn t have. Common boredom killers are watching TV, a movie, or surfing the net, knitting (ya, right) all the while keeping an eye on your analysis chart. The problem is, these solutions tak
https://www.indicatorwarehouse.com/taking-a-bad-trade-and-winning-big-chuck-norris-day-trading/
Stops and Take Profits; A Fresh Approach
Anyone who spends any time with me trading, or simply talking to me about trading knows I am a support and resistance addict. I use it daily, with every trade. My approach to trading ANYTHING relies on the information given through S/R. And; when people ask me about stops and take profits .yup .I say Put them around support and resistance. But what if I had to do it differently? What if my trading REQUIRED me to choose mechanical, calculated values instead? How the heck would I do it? Could this S/R junkie really come up with a way that made sense? I find challenges teach us more than easy street and going with what you know much of the time, and I spent some time thinking about it. OK, so if I HAD to choose a method(s) to place my stops and t/p s not based on my favorite method here s how I would: Before I get to the actual nuts and bolts of the method I would employ, let me talk about the theory behind it first. The name of the game here is Daily Range. What is d
https://www.indicatorwarehouse.com/stops-and-take-profits-a-fresh-approach/
What George Costanza Taught Me About Stop Management
George Costanza (Jason Alexander), the lovable loser from the sitcom Seinfeld, never seemed to be able to get ahead. That is, until one particular episode where George got fed up with his circumstances and decided to do everything opposite of what he normally did. The logic was that if the things he normally did got him to where he was now (loser) then doing the exact opposite should get him to where he wanted to be (winner). The outcome was that, by the end of the show, George was the new Manager of the New York Yankees, so his plan worked splendidly. I thought this was a fascinating concept and one that might have relevance in the trading world as well. Maybe we, as traders, need to be more like George Costanza and question what we’ve assumed to be right all these years. Maybe like George, we too will have the opposite result and turn our losing trades into winners! Traders tend to treat trading axioms as Gospel. If it sounds good, we believe it. We hear things like: the trend is
https://www.indicatorwarehouse.com/stop-mangement/
Thursday, April 21, 2016
Day Trade to Win – A System Hopper’s Misguided Journey
Let s take a trip down memory lane shall we? It was 1989. Michael Jordan was a rising star, on his way to becoming legendary. Spike Lee was making edgy, popular films. Being a huge basketball fan, he agreed to do an unforgettable commercial about Jordan called Remember? IT S GOTTA BE DA SHOES! This television commercial for our younger audience, as themed around Spike Lee inquiring as to how Michael Jordan was just so amazing, and his focus was around the most obvious answer .the shoes! Wait! You re telling me that you don t believe the shoes MADE Jordan a great player? Without the shoes .average, six and a half foot guy. With the shoes, though ..look out! Yes, it s a very cool advertisement, one that has stuck with me for 25 years no less. I still quote it (uhh, did a few sentences ago) and my brother and I still joke about it (my family is a solid Bulls-loving team with me as the black sheep ). But at no time would anyone be taken seriously if they believed that M
https://www.indicatorwarehouse.com/day-trade-to-win/
Wednesday, April 20, 2016
Best Practices for Risk Management Using Stop Loss Orders
Day Trading Futures: Using Stop Loss Orders Stop loss orders (also referred to as a stop-loss, or stops) is a tool that is used to exit a trade once its movement begins to lose money. Anytime the market starts to move against the trade; the system will automatically knock the trade on the market once the stop loss order price has been reached. To achieve the status of a highly successful trader when day trading futures, traders need to use a stop loss in every one of their trades without exception. Profitable traders use stop losses for both regular exits and emergency exits to prevent a crash when the market turns heavily against them. How to Place a Stop Loss Order Correctly when Day Trading Futures There are two separate correct methods for how to trail a stop loss. The first is more often than not used by discretionary traders when they place it at a price level that the trade is unexpected to reach. The price at which it is placed is often at a level that would make the trader f
https://www.indicatorwarehouse.com/stop-loss-orders/
Best Practices for Risk Management Using Stop Loss Orders
Day Trading Futures: Using Stop Loss Orders A stop loss order (also referred to as a stop loss, or stop) is a tool that is used to exit a trade once its movement begins to lose money. Anytime the market begins to move against the trade, the system will automatically knock the trade on the market once the stop loss order price has been reached. To achieve the status of highly successful trader when day trading futures, traders need to use a stop loss in every one of their trades without exception. Profitable traders use stop losses for both regular exits and emergency exits to stop a crash when the market turns heavily against them. How to Place a Stop Loss Order Correctly when Day Trading Futures There are two separate correct methods for how to trail a stop loss. The first is more often than not used by discretionary traders when they place it at a price level that the trade is unexpected to reach. The price at which it is placed is often at a level that would make the trader formula
https://www.indicatorwarehouse.com/improve-your-risk-management-by-using-stop-loss-orders/
Sunday, April 17, 2016
4 Sure Fire Ways to Overcome Trading Boredom
Music Use Music Turn on some soft background or ambient music and let it help keep you calm and focused.
https://www.indicatorwarehouse.com/discover-the-top-10-ways-to-overcome-trading-boredom/
Friday, April 15, 2016
What the Heck is Technical Analysis? A Trader’s Guide
Aaaaand they re off! ..or are they? Although the horse race begins with a loud announcement and a bell, we unfortunately do not have the same clear signals much of the time in the markets. Technical analysis is a game of incomplete information and risk. If we were able to know all the answers, there would be no money to be made as no one would ever take the bad side of an obvious trade, or it would involve illegally conning someone into giving you their money. If that doesn t make sense, just think about why we don t bet on games that have already happened, and what the persons involved would be doing if it DID happen. Trading in the real market creates a situation where the outcome is unknown, therefore allowing different viewpoints to take a chance on their information and analysis and completing the necessary condition of a buyer and a seller to make the transaction exist in the first place. The difference, in the long run, for the most part comes down to which side o
https://www.indicatorwarehouse.com/technical-analysis/
What the Heck is Technical Analysis? A Trader’s Guide
Aaaaand they re off! ..or are they? Although the horse race begins with a loud announcement and a bell, we unfortunately do not have the same clear signals much of the time in forex. It is a game of incomplete information and risk. If we were able to know all the answers, there would be no money to be made as no one would ever take the bad side of an obvious trade, or it would involve illegally conning someone into giving you their money. If that doesn t make sense, just think about why we don t bet on games that have already happened, and what the persons involved would be doing if it DID happen. Trading in the real market creates a situation where the outcome is unknown, therefore allowing different viewpoints to take a chance on their information and analysis and completing the necessary condition of a buyer and a seller to make the transaction exist in the first place. The difference, in the long run, for the most part comes down to which side of that equation has done
https://www.indicatorwarehouse.com/just-what-the-heck-is-analysis-anyway-a-traders-guide/
Wednesday, April 13, 2016
Day Trading Strategy – Minimize Sentimentality
It is well known that there is a lot of psychology involved in the life of day trader. However, sentimentality is one emotion that has no place in a day trading strategy. Throughout the course of a day trader’s week, he or she can experience all the emotions of success and loss, and the heartache of making a bad decision. One of the psychological traits that many day traders work on is controlling their propensity to perform sentimental trading. Why Do We Do Sentimental Trading? There are numerous reasons why a day trader might become highly sentimental about one of their trades. For some day traders, it is just a natural reaction in their personality because they become sentimental over a variety of things in their lives. Other traders that are not sentimental about external things at all can be extremely sentimental when it comes to their egos. They simply do not have it in them to accept a losing trade. Even if they hold tight to their money and display frugality away from t
https://www.indicatorwarehouse.com/day-trading-strategy/
Monday, April 11, 2016
Trade Multiple Contracts to get Real Profits
Get an Edge and Trade Multiple Contracts When day trading futures, traders often enter and exit multiple contracts at the same time, in the same day. This situation is not limited to futures contracts; traders can choose other instruments to day trade using more than one contract. Typically a minimum trade is estimated at one hundred shares or one future contract. While single contracts offer an advantage to small capital investors, multiple contracts are used by professional day traders to generate enough profits to operate their business efficiently. Day Trading Single Contracts Single contracts work as an effective day trading tool to purchase trades using minimal capital. This strategy minimizes risk and allows the investor the time needed to become comfortable in trading his or her contract or shares. The ease of trading with a single contract reduces complications that typically are involved in managing multiple contracts. However, with today’s more advanced day trading system
https://www.indicatorwarehouse.com/trade-multiple-contracts/
Sunday, April 10, 2016
Trade Multiple Contracts to get real Profits
Day Trading Systems: Get A Profit Edge Using Multiple Contracts When day trading futures, traders often enter and exit multiple contracts at the same time, in the same day. This is not limited to futures contracts, traders can choose other instruments to day trade using multiple contracts. Typically a minimum trade is estimated at one hundred shares, or one futures contract. While single contracts offer an advantage to small capital investors, multiple contracts are used by professional day traders to generate enough profits to operate their business effectively. Day Trading Single Contracts Single contracts work as an effective day trading tool to purchase trades using minimal capital. This strategy minimizes risk and allows the investor the time needed to become comfortable in trading his or her contract or shares. The ease of trading with a single contract minimizes complications that typically are involved in managing multiple contracts. However, with today’s more advanced day t
https://www.indicatorwarehouse.com/using-day-trading-systems-that-trade-multiple-contracts/
7 Things Star Wars Taught Me About Day Trading
Earlier this week, I was geeking out with a friend and discussing what movie had the biggest impact on us as children. For me it was easy… “Star Wars,” of course. There is no doubt that the special-effects, light sabers and good versus evil storyline was engaging. But it was only later in life that I realized the relatively minor piece of the storyline had a lasting impact on me. I m talking about The Force. Evidently, I’m not the only one. In 2001, “Jedi” became the fourth most popular religion in the United Kingdom. I saw the original Star Wars when I was 10 years old and it changed my life. We all have faith in something; usually a mixture of some personal beliefs with modern science. It was only later when I became a religious studies major in college that I realized that the force referred to a common theme found in all world religions… The oneness or force that connects all things in life. That idea shows up as a universal concept ranging from Christianit
https://www.indicatorwarehouse.com/7-things-star-wars-taught-me-about-day-trading/
Friday, April 8, 2016
Improve Your Day Trading Results by Overcoming Stubbornness
Pig-Headedness has No Place in Day Trading When it comes to improving you day trading results, learning to recognize and overcome your stubbornness can make you a better trader. The single biggest part of ever becoming successful at day trading is developing the right personality traits. Although we are all human and are often influenced by our particular characteristics and developed emotions, professional day traders have learned to use specific tools to overcome reactionary emotions that serve as counterproductive trappings in your trading schemes. Without a doubt, stubbornness is a personality trait that can quickly drain the funds from even the most successful day trader. The Stubbornness Correlation to Day Trading Results Stubbornness can be an ugly emotion. Displaying this trait often creates a scenario that produces negative consequences. To be successful, day trading requires decisive action based on specific scenarios that often need to be performed without hesitation. Creat
https://www.indicatorwarehouse.com/improve-day-trading-results/
Increase Day Trading Profits by Overcoming Your Stubbornness
Being Pig Headed will not Improve Day Trading Results Learning to recognize and overcome your stubbornness can make you a better day trader. The single biggest part of ever becoming successful at day trading is developing the right personality traits. Although we are all human, and are often influenced by our specific personalities and developed emotions, professional day traders have learned to use specific tools to overcome reactionary emotions that serve as counterproductive trappings in your trading schemes. Without a doubt, stubbornness is a personality trait that can quickly drain the funds from even the most successful day trader. Defining Your Stubbornness as a Day Trader Stubbornness can be an ugly emotion. Displaying your stubbornness often creates a scenario that produces its own negative consequences. To be successful, day trading requires decisive action based on specific scenarios that often need to be performed without hesitation. Producing profits in your job requir
https://www.indicatorwarehouse.com/increase-day-trading-profits-by-overcoming-stubbornness/
Thursday, April 7, 2016
Day Trading Psychology Tips from Richard Friesen
Sometimes I find trading psychology material a bore because more often than not, it s the same old stuff repeated. Certainly, successful management of your emotions, biases and triggers is of paramount importance to the trader. But, what has always been missing for me is a better understanding of what s really going on in there and some practical things I can do to deal with it. In the past, I hosted a webinar for Richard Friesen called The Breakout Psyche: Mastering Your Psychology for Profitable Trading. I know Rich very well because he designed our Trader Assessment Test but I never really knew his methods to help traders master their mental game. During the presentation with Erich Senft, I found myself enthralled with what Rich had to say and it was on a subject that usually puts me to sleep. Erich also had to admit that Rich made him think about his psychology in a whole new way that s saying a lot coming from a 17-year trading veteran. Rich is an expert in trading psych
https://www.indicatorwarehouse.com/day-trading-psychology-tips/
Day Trading Psychology Tips from Richard Friesen
Sometimes I find trading psychology material a bore because more often than not, it s the same old stuff repeated. Certainly, successful management of your emotions, biases and triggers is of paramount importance to the trader. But, what has always been missing for me is a better understanding of what s really going on in there and some practical things I can do to deal with it. I recently hosted a webinar for Richard Friesen called The Breakout Psyche: Mastering Your Psychology for Profitable Trading. I know Rich very well because he designed our Trader Assessment Test but I never really knew his methods to help traders master their mental game. I was there to host the presentation with Erich Senft and I found myself enthralled with what Rich had to say and it was on a subject that usually puts me to sleep. Erich also had to admit that Rich made him think about his psychology in a whole new way that s saying a lot coming from a 17 year trading veteran. Rich is an expert in
https://www.indicatorwarehouse.com/trading-psychology-video-day-trading-psychology-tip-from-richard-friesen/
Wednesday, April 6, 2016
Fake Testimonials at Indicator Warehouse?
Someone emailed me this past week accusing Indicator Warehouse of having fake testimonials! Yikes! His reasoning was because there were two testimonials with the same text. How that reveals they are fake as opposed to our webmaster incorrectly posting them, I’m not sure. Nonetheless, I wanted to address the issue in case you have any doubts yourself. I am a huge believer in old school customer service. It s something that, sadly, is getting harder and harder to find. A major part of delivering quality support is simply asking how are we doing? After you become a customer at Indicator Warehouse, I like to periodically check-in and see how things are going. So don t be surprised if you get a friendly email that essentially says, “Hi … are we doing a good job? Please let us know how we can help.” All you have to do is hit reply and let us know if there is anything we can do better. It’s kind of like the waiter in a restaurant coming back to your table, “Is everything alri
https://www.indicatorwarehouse.com/fake-testimonials-indicator-warehouse-day-trading-systems/
Learn to Biohack Your Trading Brain
Warning: This post is going to be interactive. Biohackers like trading psychologist Richard Friesen believe in experience-based learning. Or in plainer terms they like to touch stuff. Rich always says to me, If you don’t try it, how do you know it works? Your Challenge: Attend this seminar and Learn F.A.S.T. FAST learning means Forget: Forget your preconceptions. Active: Actively listen and participate in the exercises. State: Sit up, lean forward. Feel the excitement and curiosity to learn. Teach: Learn as though you must teach this to others. Do you accept the challenge? If so, take a moment to Register Now. Well done! So What the heck is “Biohacking”? Biohacking is a crazy-sounding name for something not crazy at all—the desire to be the absolute best version of ourselves. The main thing that separates a biohacker from the rest of the self-improvement world is a systems-thinking approach to using our brains. Biohackers know that whatever you put into your mind has an
https://www.indicatorwarehouse.com/learn-biohack-brain-trading/
Tuesday, April 5, 2016
Here’s Some Trading Tips While Working Full Time
We all start trading with hopes and aspirations of leaving our day job; let’s face it, the 9 to 5 grind, the commute, and the fact we answer to someone else seems to push us toward a more rewarding endeavor and ultimately real freedom. So, what can we do? How can we trade when we have a full-time job to pay the bills? Part-Time Trading Tips When I first started trading, I had a full-time job myself. I would spend my days dreaming of when I could trade full time on my own, or at least not have to go to work every day. The answer to starting in trading was the pre-market, or what I like to call the overnights . This period, also known as the London session, has a myriad of instruments you can trade. The real beauty of the futures markets is that with Globex, it trades 24 hours a day from Sunday afternoon through Friday. Now, not all markets are suitable to trade “overnight”. Unless you are holding a longer position, you need to choose your markets carefully and ensure
https://www.indicatorwarehouse.com/part-time-trading-tips/
Here’s Some Tips on Trading While Working Full Time
We all start trading with hopes and aspirations of leaving our day job; let’s face it, the nine to five grind, the commute, and the fact we answer to someone else seems to push us toward a more rewarding endeavor that in the end could ultimately provide us with true wealth. So what can we do? How can we trade when we have a full-time job in order to pay the bills? When I first started trading I had a full time job myself. I would spend my days dreaming of the day I could trade full time on my own, or at least not have to go to work every day. The answer to my dream of getting started in trading was the pre markets, or what I like to call the overnights. This is known as the London session and there are a myriad of instruments that you can choose from to trade. The real beauty of the futures markets is that with Globex, it trades 24 hours a day from Sunday afternoon through Friday afternoon. Now, not all markets are suitable to trade “overnight” (unless you are holdin
https://www.indicatorwarehouse.com/heres-some-tips-on-trading-while-working-full-time/
Sunday, April 3, 2016
Trading Vendors: How Does Real Day Trading Work
CFTC Warning Day Trading Vendors who Publish Results Beware! It happened to me. It s happened to every trader I ve ever known. My guess is it s happened to you. I m talking about being suckered into buying a day trading system because of the killer results in their advertising. i.e. Buy this and you will make a lot of money just like these results I know it s hard to ignore these claims but the U.S. Commodity Futures Trading Commission (CFTC) recently put out a warning to day traders about these types trading vendors of day trading systems. Here at Indicator Warehouse we don t make such claims because, well, publishing results with the false implication that you will achieve the exact same is absurd. If you were buying a race car and I pointed to one on the lot and said, That car won three races last week, does that mean you are going to win a race if you buy it? If you were buying a power saw to build something and I said, This saw is the one used to make this award winning furn
https://www.indicatorwarehouse.com/day-trading-vendors-work/
Friday, April 1, 2016
The Importance of Testing Your Day Trading System
Your Day Trading System Testing is An Important Part Of The Process Every individual that would like to make money trading commodities can find great assistance in using a day trading system to generate profits for their portfolio. Savvy traders who have developed an effective day trading strategy watch their portfolios increase, while those that simply attempt to trade in the market get back little more than heart ache. While there are effective day trading software programs available, nothing for sale works by simply pushing a button. It requires forethought, knowledge and dedication for generating your own day trading system with parameters and stop losses, along with the basic understanding of day trading indicators. Smart investors know that to comprehend the probability of their futures returns, it is necessary to test their day trading system. They perform this by doing back testing along with paper trades. A back test simply refers to using trading signals from historical tr
https://www.indicatorwarehouse.com/the-importance-of-testing-your-day-trading-system/
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