Swing Trading Options – Part 1

Estimated Reading Time: 4 Minutes. Lately I have been getting a lot of questions around swing trading options. When swing trading options, there are two basic approaches: You can BUY options or You can SELL options. Both approaches have pros and cons, and in this blog post we will focus on BUYING OPTIONS. Buying Options […]

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How To Trade With Confidence – Part 2

Estimated Reading Time: 5 Minutes In my previous blog post we talked about using “I will” statements to boost your confidence as a trader. Reading your “I will statements” aloud will help you to start the trading sessions with lots of energy. But as you start trading, your energy might decrease. And even though you […]

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How To Trade With Confidence – Developing A Winning Mindset

Estimated Reading Time: 4 Minutes Self-Confidence is an essential element in any business venture. This is especially true if your business is day trading, since psychology plays such a major role. In this blog post, I want to share a few things that helped me change and improve my mindset as a day trader, develop […]

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Trading Tools And Resources

Below is a list of trading tools and resources that I personally use. Thought this might be helps. I’ll update this page frequently, so make sure to bookmark this page and check it out from time to time. Cool Tools http://clocx.net – The famous clock that you see on our screens. It’s a “floating clock” […]

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Trader Tax Status Other Tax Benefits For Active Traders

Have you heard of the “Trader Tax Status?” Do you know that as as trader, there are many tax breaks and benefits available to you? Unfortunately most traders don’t take advantage of all available tax breaks. This could cost you thousands! It doesn’t matter if you are new to trading or have been trading for […]

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My Favorite Trading Books

Estimated Reading Time: 3 minutes I often receive emails asking me to recommend some trading books. Over the years, I have bought dozens of trading books, and here are my 5 favorite books: Reminiscences of a Stock Operator One of my favorite trading books. This is the story of Jesse Livermore, a remarkable character who […]

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10 Steps To Become A Trader

Estimated Reading Time: 6 minutes These days there are many people who want to become a trader. But as you know, it’s not that easy! Every day I am getting emails from traders who tell me that they have invested a lot of money on systems, strategies and courses, spent countless hours in front of […]

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2 The Difference Between A Trading Strategy And A Trading Plan

Estimated Reading Time: 4 minutes A solid trading plan is the cornerstone of your trading business. Unfortunately many traders think that all they need is a trading strategy. This is NOT the case! Let me explain the difference between a trading strategy and a trading plan. A (Day)trading strategy tells you when to enter and […]

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10 Answers To The Biggest Market Questions

I found THIS today on the Internet and wanted to share it with you. I think it’s pretty funny. As part of my continuing commitment to public service, here are the answers to the biggest questions about the markets. You can finally stop asking them. Why did the market do X? There are so many participants […]

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Day Trading In August (Rant Enclosed)

Ok, I have to share THIS video with you. Here’s what happened: Yesterday morning I was in our Live Trading Room. As always, Rollie started with his famous pre-market analysis, and then he handed it over to me to trade the markets. As usual, before handing the mic and the screen off to me, he […]

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The Risks Of Day Trading

Nobody wants to hear about the risks of day trading. As traders, our goal is to make money. Lots of money – hopefully. We day trade to win, right? No serious trader is trading to lose. People who tell me that they don’t care if they win or lose are not serious traders. They are […]

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Trading Tax – Why You Should Be Trading Futures

Last night we did a webinar with Robert Green, the leading authority on trading tax. In this webinar Robert talked about “Tax Benefits From Trading Futures & Other Section 1256 Contracts:” Section 1256 includes many instruments: Not just futures contracts, but also non-equity options including options on indexes, options on futures, most ETF options, broad-based […]

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Trade The Trend!

You might have heard the saying “The Trend Is Your Friend” and that you should “Trade The Trend.” But sometimes this is easier said than done. In this article I will show you an easy easy to identify and trade the trend. How To Identify A Trend Way back in the 90s I used fundamental […]

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How To Be A Trader – Part 2

In the first article of the series “How To Be A Trader” we talked about the mindset of a trader and the importance of having realistic goals. You have learned that consistency is more important than windfall profits every now and then, and that a weekly target of only $100 – $200 can compound to […]

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How Much Money Can You Make Day Trading?

Estimated Reading Time: 5 minutes. I receive many emails asking “How much Money Can You Make Day Trading?” In this article we will talk about realistic expectations of how much money you can make when day trading. The Mindset of a Trader Many people are intrigued by the idea of “making millions in minutes” while […]

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3 What Is The Best Day Trading Strategy?

“What is the best day trading strategy? – I often receive this question, and in this article you will learn which day trading strategy I chose to win a day trading challenge.

Click on “Read Full Article” to get the scoop.

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The Best Way To Learn To Trade

Have you ever tried to learn something, but couldn’t wrap your head around it? Maybe a language? Or a new skill?

Do you remember the times in school, or maybe even in college, when you just stared at your text book and just couldn’t understand what you were reading?

In this article you will learn the fastest way to learn to trade. The key is the way HOW you learn new concepts.

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1 Something EVERY Trader Needs To Know

Before reading anything else, read THIS article!

In this article you will learn about the three areas you MUST master as a trader.
If you fail in any one of these areas, you will fail as a trader.

Click on Read Full Article to read this article.

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Important Support And Resistance Levels

As a day trader, you should know the most important support and resistance levels. Have you ever entered a trade, just to watch the market move immediately against you? Did you feel like there was some unseen wall, or some sort of “magic” price level that everyone knew about except for you? In reality there’s […]

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