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No matter what you think about the following statement I’m about to make, it’s true, and you will see why if you finish reading today’s lesson… The rich and successful in this world, including business people, professional athletes, movie stars and the like, all DESERVE the money and success they have earned and achieved in […]
Is your trading account hurting? Do you feel overwhelmed, frustrated and ready to throw in the towel on the whole “trading thing”? Well, today’s lesson, if properly understood and implemented, can quite possibly provide you with the knowledge that you need to literally save your trading account and start building it back up. You’ve probably […]
One of the hardest truths about trading to implement, is that if you hope to become consistently profitable you’re going to have to think and act like you are, BEFORE you are. Aspiring traders should follow and mimic the mental traits, attitude, belief systems and trading processes of those successful traders and investors that have […]
It may seem a bit counter-intuitive at first, but to truly be in control of your trading and your trading mindset, you must first learn to lose the need to control the market. Traders often try to control the market and they aren’t even aware they are doing it. If you don’t already know, you […]
I was having a conversation recently with an old friend of mine and we were talking about money and wealth and why some people obtain it and others (most) do not. My friend asked me “What do you think is the main reason why only a small percentage of people end up wealthy in this […]
Thinking too much. It’s truly a form of mental ‘poison’ that if left unchecked, can consume you and drastically alter your thinking, behavior and even your personality. Needless to say, this negative habit can have disastrous consequences in any area of life: work, personal (relationships), school and especially in trading. As with most things, a […]
Did you ever see those Magic Eye posters that were popular in the 90’s that had a hidden image within the picture and you had to adjust your eyes just right and stand a certain distance away from the picture to see the image? I personally remember loving those as a kid and I really […]
Today’s lesson is an introduction to the inside bar signal and how to trade it. It’s really one of my favorite patterns to trade, especially on the daily chart time frame. Why, you ask? It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context […]