Trading Success Lessons

How to Maximize Your Screen Time Adjusted Returns

Chances are you’ve heard of the concept of risk-adjusted returns. If you haven’t, it basically means that a strategy’s returns should be measured relative to the risk taken to achieve them. There’s a handful of ways to grade the efficiency of trading systems in this category such as Sharpe, Sortino, MAR, Ulcer index, and the…

How to Make FinTwit Work for You & Suggested Traders to Follow

Gone are the days where the retail trader was limited to cable networks or expensive private subscriptions for news and discussions about stocks throughout the day.

Scanning for Breakout Setups Using Worden TC2000 PCF

Scanning for Breakout Setups using Worden TC2000 PCF is a guide for traders using TC2000 who are looking to find stocks that are breaking out and increasing in momentum. We’ll walk through a few different scan ideas, explain the thought process, and share all of the code that goes into each condition. The basis of…

Chart Pattern Trading Advice from a 20+ Year Professional

Chart pattern trading falls under the category of technical analysis and represents one of the more popular approaches to making buy and sell decisions using charts. We as humans love forming patterns in all areas of our lives and analyzing price charts is no different. I don’t personally consider myself a chart pattern trader, but…

Commissions and Taxes Are Destroying Your Trading Profits

Eighteen thousand three hundred and sixty-four dollars. That was the total cost of commissions I paid to Scottrade when I just started trading. My trading account was around twenty-five thousand.

How to Develop Simple Swing Trading Strategies

How to Develop Simple Swing Trading Strategies lays the foundation for developing short- to intermediate-term overnight trading strategies. We’ll start off discussing what the goals of swing trading are and then move into some of the recommended steps to go about creating a strategy from scratch. There are no holy grails we’ll be uncovering, but…

Do You Have What it Takes to be a Trader?

Do you have what it takes to be a trader? Better yet, are you sure you want to be a trader? Actively trading public markets, and consistently profiting, is extremely difficult. The stock market is dominated by sophisticated players, with access to information, computational power, and speed far greater than any of us small retail…

Trading Mistakes and Bad Habits to Avoid

I was recently asked about some of the trading mistakes new traders fall into when starting out. It was easy to come up with a lengthy list, mainly because I’ve personally made all of these mistakes myself, and in most cases, more than once. I thought it would be fun to put together a bulleted…

Trade Review BABA | Sticking With Leaders

In the following video, we review a recent swing trade we closed out in Alibaba ($BABA). Trade Recap Takeaways We cover the importance of finding and sticking with leading stocks. Patience within consolidations. Don’t be afraid to pay up when a new setup forms.