I said it some time before that its really great to belive in super scientific or pseudo-scientific theories and search for a holly grail. Thats not a problem until you really need to turn a hobby into profitable profession. I mean think about this. There are money on the street, just pick them up with simple tactic which was used for years and years by those who have a courage and discipline. Yesterday I watched a short interview with some kind of a guy who wrote another useless book for traders and one thing he said was actually interesting. Some of you might know it already but there is this quote: discipline is nothing but handling with pain. The more pain you can take the more disciplined you are and thats the key in old school aproach to trading. Discipline my friend and I kind of belive it but… there is always the other side of a coin, isnt it?
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23SepDaytrading Comments Off
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17SepSwing Trading Comments Off
Right, swing trading gives you more time to think about what you doing, but then it can be so boring that you stop thinking at all. Maybe some clues in this video on how to avoid being bored to death before your stocks start to tank… or sink hehe I mean really, most of pro traders I know from interviews, books etc. claim that when trading becomes boring you start to be… a pro! Think about this, finally your getting to the point when after years of strugle your account balance starts to change in plus on regular basis and then all of a sudden you get bored? Something to think about really.
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17SepSwing Trading Comments Off
Price action seems to be used by all time period`s traders. In this case some folks from topdogtrading try to simplify already simple basics… duh… you get it? Well, yeah, this is often the case, why to make things more complicated than they actually are? Maybe because they are not that simple as they seem? Price action is really as simple as it can ever be but some try to give a deeper meaning, others will try dig in it even deeper than these first ones. Can it really get more fun than this?
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17SepDaytrading Comments Off
Ok, you might try to use all of those blows and whistles and still loose money. Maybe its time to get to the simple KISS (keep it simple stupid)? Here is one of the simple setups to get you rocking intraday. Actually there are two great theories dividing technicals. The simpler the better or maybe exactly oposite? The movie below shows the first posibility.
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17SepScalping Comments Off
Couple of Hector`s quick entries and exits exploiting forex and computer mouse. This video brings another great example on many interesting methods which can be easily applied while scalping. Well, ok, maybe not that easy but still… worth watching.
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17SepScalping Comments Off
A bit of live trading using 1-minute chart on SPY. Before you start doing this at home consider holding your pants tight
Some say that scalping is a suicide - on the other hand hundreds of pro traders utilise this strategy as a daily practice. In fact scalping might be more profitable than any other strategy - but that is only if a trader can handle this amount of data processing at such short time. Anyway, if you still looking for your own way, why not try scalping (use demo FIRST!!!). But dont think even for a second its easier to get money out of the market by scalping it. Enjoy the video!
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