Despite what you see on social media, trading is a game where over 90% of people fail. So why do most traders fail to become consistently profitable? A primary reason is their belief systems. Most of these traders lose in the long run because they do not have the winning belief systems needed to optimize …
The trades you don’t take are just as important as the trades you do take. Everyone’s been here: You are up nicely on the trading day. You’re hot and in the grove. All of a sudden, you take a losing trade after a series of winners. All good, I’ll take the next setup I see …
Buy Virgin Galactic at the open today expecting it would go to the moon? The stock had great news, why did it tank today? The stock market isn’t that simple. Get familiar with this phrase: “Buy the rumor, sell the news”. This is one of the most counterintuitive aspects for new and inexperienced traders. Today’s …
Trying to time the exact bottom or exact top is one of the BIGGEST mistakes new traders make. We see traders every day on Twitter sharing their bottom tick or top tick prints. But what you do not see is the 5 losses they took on the way down trying to guess the bottom, and …
Read moreMust-Read For Day Traders: How to Catch the Meat of the Move
There is so much noise and information on the internet about the stock market for new traders. One of the most common questions we get: Where do I start if I am a brand new trader? It is imperative that you get educated before you risk your hard-earned money in the market. You have to …
In the past 18 months we have seen droves of retail traders enter the markets. Regardless of how long you’ve been trading, if you find yourself struggling in the markets, you need to ask yourself this important question: Am I treating this as a hobby, or like a profession? Trading is easy to get started, …