Trading Success Lessons
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 stock market 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 run into when getting started trading. 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…
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.
How to Find Leading Stocks
How to Find Leading Stocks is a guide to help you find the strongest stocks for your watchlist. Stock selection is a crucial component for both traders and investors, and most of the time it doesn’t get the attention it deserves. Throughout this post, we’ll define what leading stocks are, why you should care, and…
Trading Tips, Tricks, and Painfully Learned Lessons
Trading is difficult. Anyone who tells you otherwise probably hasn’t traded long enough, or is trying to sell you something. I certainly don’t have all the answers, but I have learned a lot over the years and, throughout this post, I’m going to share with you some high-level trading tips, tricks, and painfully learned lessons I’ve…
Trading Leveraged ETFs for Max Profits
Leveraged ETFs get some very polarizing opinions in the investor and trading communities. On one end of the spectrum, they are loved by the adrenaline-chasers looking to bet aggressively for a quick double on their account in short time. And on the other hand, there is a great deal of hesitation backed by an army of articles written with…
How Market Internals Can Improve Your Trading
If you trade stocks and you don’t follow market internals, also known as market breadth, then you’re missing out on a lot of valuable information. Like any other study or indicator, market internals aren’t guaranteed to get it right all of the time, but when they do begin to diverge or exhibit some out of the…