Blog
88 Years of Combined Trading Experience

Trading Educators Blog

#1 Trading Blog Site

Trading for a living

Trading for a living involves more than getting in and out of the market at the right time, and more than thinking about moving averages and indicators. Trading is a business, not just a job, and every business in the world has to be managed. Every business involves the managerial functions of organizing, planning, delegating, directing, and controlling. If you, the trader, are to perform these fu...
Continue reading
58 Hits
0 Comments

How to Approach Trading - Part 7

Conclusion It is critical to develop a well thought out and organized trading plan. It is then important to have the discipline needed to follow it. Diversify your trading into several unrelated markets, or focus on one market and time frame where you have seen you can make money. Trading, by its nature is not investing. Trading requires consistent monitoring on at least a daily basis because of t...
Continue reading
181 Hits
0 Comments

How to Approach Trading - Part 6

Manage the Trade Once you get into a trade, you must eventually get out. Some argue that this is more important than where you get into a trade. My experience has been that any fool can get into the market, but it takes a successful trader to consistently get out with a win. As I follow the markets, I find there are four reasons to get out of a trade. Prices move significantly against my positio...
Continue reading
169 Hits
0 Comments

Keeping Your Focus Right

Some time ago I spent 4 days in a Forex trading office, teaching and working with the traders there. It was interesting to see how these traders speak with one another, and to listen to what they say. I couldn’t help making some observations which I will now share with you. If you are a part- or full-time trader, you may have enjoyed the attention this wild and wooly occupation brings at social ga...
Continue reading
207 Hits
0 Comments

Can Trading be trained?

  Please listen to the following podcast when you have a few minutes: https://soundcloud.com/bloomberg-business/the-incredible-true-story-of-the-real-life-trading-places I found the podcast interesting because of a few facts I want to discuss in today’s blog post. First of all, I am also a believer that trading can be trained but not necessarily everyone can trade. Trading requires a certain ...
Continue reading
140 Hits
0 Comments

How to approach trading - Part 5

Follow the Markets After you've determined your strategy and the market or markets you will trade, you can start following the price action. It is important to follow each market consistently and see the trading opportunities as they develop. Jumping around from one market to another often leads to missed or late execution of your method. I think it's important to let the market tell you what to d...
Continue reading
105 Hits
0 Comments

When Low Probability Setups Seem Attractive

“I’ll worry about it later?” When trying to deal with the fact that we must eventually cope with an unpleasant event, such statements help us get through life. We often put off things we don’t want to do, hoping that we will gather enough energy and enthusiasm to deal with them in the future. Take your taxes for instance. Do you wait until the last day to pay them? Why not start working on your ta...
Continue reading
148 Hits
0 Comments

How to Approach Trading - Part 4

Diversify:  Next, you'll need to choose which markets to follow. Diversification is one of the crucial factors in the success of some, but not all trading plans, and may in fact make the difference between success and failure of the plan. Putting all your eggs in one basket is not a good idea for some traders. This approach takes the position that rather than trading ten contracts in one mark...
Continue reading
224 Hits
0 Comments

Self-forgiveness and resolution

  If your financial losses have injured or hurt your personal relationships, you must apologize and ask those persons for their forgiveness. Most people will forgive you immediately but whether or not they forgive you is unimportant. It is most important that you forgive yourself and resolve not to repeat the same mistakes. It’s also important to realize that if the offended person does not f...
Continue reading
109 Hits
0 Comments

How to Approach Trading - Part 3

How to Get Started:  I've seen many different trading plans. Whether they're two paragraphs or ten pages long, they put forth a way of looking at the market and they attempt to create some framework for approaching the markets. A good plan will include a well-tested strategy, a trading method, or a setup. Having a positive expectation should allow you to have the confidence to start trading y...
Continue reading
227 Hits
0 Comments

Emotions in Context

When you put your money on the line, it's hard to avoid getting a little emotional. Beginning traders may be especially prone to experience a roller-coaster ride of emotions, feeling euphoric after a winning streak, yet disappointed after a string of losses. How well do you handle emotions? Winning traders control their emotions. They don't let their emotions control them. But emotions don't happe...
Continue reading
175 Hits
0 Comments

How to Approach Trading - Part 2

Discipline is the Key:  You will need discipline in several areas to be successful. First you'll need the discipline to make a plan, rather than shoot from hip. Without discipline, many approach the markets like a craps table and they can expect the same results; short-term successes based on luck and long-term losses based on randomness. Second you'll need the discipline to follow the plan. ...
Continue reading
191 Hits
0 Comments

About Change

People don't want to be changed. They don't want to be told that they need to change. Do you ever find yourself struggling in those areas? Thank you for your honesty. If there is a struggle, that means there is a battle for truth. If you're not battling, you've already lost. Truth has been lost and deceit has won. We must come to a place where we are willing to unclothe our soul, ultimately, compl...
Continue reading
145 Hits
0 Comments

How to Approach Trading - Part 1

Develop a Trading Plan:  The main message I want traders to understand is how important the disciplined execution of a well thought out trading plan is in today's markets. Nobody knows for sure what a given market will do next. Having a plan of attack will allow you to successfully cope with the uncertainty that is an inherent part of trading. I think it makes good common sense to have a well...
Continue reading
332 Hits
0 Comments

Searching for a Winning Strategy

Winning traders must identify profitable trading strategies. It's a creative process. Much like scientists find evidence to support a theory, traders must formulate hypotheses and determine whether their proposed strategy can produce a profit. You must sift through a wealth of information, mentally testing and retesting your hypothesis and trying to decide if it will work when the ideal market con...
Continue reading
181 Hits
0 Comments

Commitment

Recently, someone sent me the following question: “Just how committed does a trader need to be?” I don’t know that I can put a number to that. For instance, on a scale of 1-10 how committed should a trader be. But if I had to evaluate it on that basis, I would say he must be a “10.” What is the value of commitment? How do you measure such a thing? Most people have an “interest” in becoming consis...
Continue reading
204 Hits
0 Comments

Trading Idea: GFJ17+ZCK17-2xLEQ17

  Today I am looking at a very “strange” butterfly spread: Long 1 April Feeder Cattle and one May Corn and short 2 Live Cattle August. I have to admit that it is difficult to find an entry into this trade by looking for chart patterns but it is easy to see the possible support around the current level. OK, the spread moved a bit lower in July last year but this happened when there was not eno...
Continue reading
235 Hits
0 Comments

Support and Resistance

I received a couple of emails asking whether or not I believe in support and resistance. In fact, one subscriber said if I didn't believe in support and resistance, then I couldn't possibly believe in trend! Why? Because in all cases the situation ends. Here's what I believe: The trend is your friend until the end. The swing is the thing until it goes "ding." What is support and what is resistanc...
Continue reading
210 Hits
0 Comments

Do Something Else!

You need to find other things to do while padding the time waiting for better trades. Try to study the markets or different ways of trading, or simply do something completely different like going to the beach. It is critical that you learn to enjoy yourself in ways other than being in a trade. The fact is, if you are trading in a professional way, you are out of the market much of time. So you ne...
Continue reading
195 Hits
0 Comments

Windfalls

Have you ever find $50 in your coat pocket or receive an unexpected gift from a relative? Perhaps you inadvertently overpaid your credit card, and now have an extra $100 that you didn't think you had? When most people receive a windfall, they feel they can spend it freely, as if it isn't "real" money. The same thing happens when recreational gamblers unexpectedly win a jackpot. They didn't expect ...
Continue reading
201 Hits
0 Comments

Archives

Tags

system trading trading system markets options scalping mistake sabotage intuitive losing traders seasonal cocktails 50+ years reaction us election 2016 good trade emotion risk position sizing trading idea get started dangerous trade technical motivation market forcasting money bad trade report feelings realistic optimized plan of attack seykota ICE trailing successful traders losses Japanese Yen commitment .” support direction panic options trading strategies self-correcting simple trading money supply TTE commitment develop knowledge 4 days USD/JPY ego corn checklist buying mini free trial walk forward pitfalls indicators ATR e-mini statistics change process 123-Formation futures trading traders notebook government report future Futures account size mental categories chance ethical pressure Forex trading office market is never wrong ethic percentage record trades independend profits hook tradingeducators right time EUR/USD trading plan methods steps sunset Entries markets fall over trading serious business time spread pips money management simple Trade Navigator disposable money business profitable mindset short term trading anger dedication diversify perfect meditation learn stop “ confidence ” ways fool Trading General trick spread trading psychology performance win mind-set lession position trading Trading Tips controlling open Demo-Trading comparison trump trade fear algostrats:fx Data overtrading trading Bollinger Bands manual backtesting ross brilliant micro recreational gamblers turtle love trading decistion Many traders lean hogs probabilities objective melt down goals discipline invulnerable gambling close couldn ’t andy jordan decision Q&A plan experience commodities mentor trading psychology contracts risk management South--South America Trading trader need capital butterfly spread spreads ECB Press Conference fulfillment missing approach trading science wise comfort level podcast exit anxiety deal live cattle taxes today Dollar Euro trading discretionary right deserve TF ambush trading mistake trained youtube trader success disciipline trend Euro FX focus Entry Signal best trader forex time habit personality controling manage new service ross hook futures robotic TLOC market technicians synthetic forex pairs risk reward ratio testing people placement inflation results Genesis stock values E-Mini Russel 2000 don't trade persistance feeder cattle trading diary low risk backtesting video risk control goal Currencies market wizards confidence winner reality of trading FOMC market information control enter dificult times achieve success stress mathematics futures spreads long term sience learning resistance trading errors functions great trader loss successful trading execution USD swing trading envision qualities traders notebook outrights beach numbers butterfly news market conditions traders trick entry drawdowns right side traders control trading method expense money exhange forex crosses education trading strategies belief windfall emotions complete system algostrats advice subconscious “ interest ” idea how to approach trading Next time strategy invincible eurex track day trading systematic trading relax vacation trading tip investment decisions spread trades predicting rules not worried analyze flexible trader videos Stop Running key method BREXIT Python trading enhancement indicator multi leg spreads art traders caution trading mistakes confirmation selling person works 8 hours evidence entry quotes mechanical the big move EuroFX Yen daytrading profit marco mayer

Free Trading Materials

Receive a series of lessons including two FREE EBooks that brought Joe Ross his success in trading all markets: the Law of Charts™ (TLOC) & Traders Trick Entry (TTE). Also, learn the finer details of trading from our three Master Traders in our free weekly Chart Scan Newsletter, and more! We will not sell, rent, or trade your information.

 

Sign Up Here!

Derivative transactions, including futures, are complex and carry a high degree of risk.  They are intended for sophisticated investors and are not suitable for everyone. 
There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be
fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. 

For more information, see the Risk Disclosure Statement for Futures and Options.