Wednesday, March 30, 2016

Bring Your Trading A-Game


This week I tried to trade after a visit to the dentist. As you might guess I had less than desirable results. The experience reminded me about an important concept often overlooked by traders: if you’re going to trade your best you have to be at your best. Simply put this means that you have to “have your head in the game”, or put another way, you cannot trade well if you are not 100% focused on your trading. It seems simple enough yet we often push ourselves to trade even though we’re not in our best frame of mind to perform. Remember that trading is not like other businesses. If you are not at your best the market will not have mercy on you, and that could make for an expensive day. Your success or failure depends in large part on your ability to focus and handle the pressures associated with trading. Here are a couple of suggestions to improve your trading performance that I learned the hard way. Get Your Rest Sometimes performing your best is as simple as getting a good n
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Monday, March 28, 2016

Staying Steady in Narrow Range Day Markets


Dealing with a Narrow Range Day  Don t think that simply because a market is ranging, that you can t make money. Depending upon how you go about day trading, a narrow range day may offer excellent opportunities to trade. Part of being able to spot opportunities is learning how to use indicators for day trading in the right way. If your expectation of day trading software is a one size fits all trading system, you may have the predisposition to regard a narrow range day a sign that there s no way you can make any money at all. If you feel this way, talk to more experienced day traders and ask them if they can help you learn trading techniques that will allow you to make money when most people are losing. Day traders live in something of a time-lapse version of the regular trading world. For a trader, a narrow range may last a half an hour, a half a day or a week. Day trading software and useful custom indicators enable you to capitalize on the challenges of trading on a narrow rang
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Sunday, March 27, 2016

8 Tools to Make You a Successful Day Trader


Techniques and Methods of a Successful Day Trader Most successful day traders share common personality traits and behaviours to achieve their personal and professional goals. While many a successful day trader performs their trading activity from the comfort of their home, they understand the discipline necessary to be successful at their job. By maintaining good work habits, they remain focused and active during their respective trading sessions to meet and exceed their trading goals. A large part of the daily life of a successful day trader includes: Day Trading System Successful day traders use reliable day trading software and never deviate from it. They understand all their positions, entries, exit targets, and stop placement before making their first trade of the day. Scalp, Range or Trend A successful day trader always understands the current market state before committing to any trade. Many successful traders use specific day trading strategies that follow and adapt to cha
https://www.indicatorwarehouse.com/successful-day-trader/