Get Back in the Box! Tips for Newer Traders

Get Back in the Box! Tips for Newer Traders

“Trading is the best profession in the entire world.” I really believe that, at least for me, and if you’re reading this you probably think it might be a great one for you too. When you do it right, it’s profitable, consistent, and most importantly for me, flexible. To be able to design the life I want instead of carving a small existence out on the edges of a J-O-B, means everything to me and to my family. Here’s the thing that nobody believes, though. Trading is not rocket science! Once you learn the basics, it’s actually pretty simple and a whole lot of fun! It’s true that you have […]

Do not be Seduced by ‘Bots!

Do not be Seduced by ‘Bots!

There are tons of so-called trading gurus out there promising people the world at the touch of a button. They are lying to you. We can automate huge parts of your trading, with indicators and algorithms to more accurately predict trends, and to even ping your smartphone when a candle peaks or plummets to meet an optimal condition for you to trade, but what no one can yet do with any long-term, realistic accuracy is create technology to trade for you. TAs v. ‘Bots: A Common Misconception A Trading Assistant (TA) is just that. It is designed to assist you in best knowing when and how to place or exit […]

Some Frank Talk About “The Easy Button”

Some Frank Talk About “The Easy Button”

I recently received a question on social media that got me thinking. The guy wanted to know a 12-month “performance record” on my accounts trading my new system. While it would be easy to spew numbers at him, we’re traders and we know how easily numbers can be manipulated. I hide nothing from my students. All the trades and accounts shown on my system website are the real deal. What this obviously educated guy wants is a guarantee that no matter what he does, the system will make him money. Here’s my response, just as I posted it to him: I agree, a 500 pip stop and a 5 pip […]