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Trading General

Trading General

Joe Ross
May
28

Reader Question

Reader Question
A reader asks: "Hey Joe! I'm pretty new at this. Can you tell me the rules for buy and sell stops?" When the market trades above a buy stop price order, it becomes a market order. The first down tick after the market order price is activated determines the highest price at which the buy stop order may be filled. The rule to remember placing stops is this, "Buy above and sell below." Buy stops are ...
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Guest — J
This is good to know.
Friday, 29 May 2020 07:07
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Andy Jordan
May
21

Your Worst Enemy

Your Worst Enemy
In general, we are our own worst enemy when it comes to trading. There are many ways to sabotage yourself as a trader. Not creating a trading plan, or creating one and then not following it are two of the most common. Some ways to self-defeat are deep seated; they lurk at the back of your mind and work behind the scenes. These are often self-image problems that can rise from as far back as early c...
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Joe Ross
May
21

Fear

Fear
A reader asks: How do you handle fear? I seem to have plenty of it. Let's get one thing straight. Fear, for the majority of traders, is a very real thing. You have it, I have it. Others have it as well. What is it that traders fear? The top three, in order, are: Fear of missing a trade. Fear of losing money. Fear of being wrong and losing face. In order to become a professional trader, you must le...
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Joe Ross
May
14

I was asked the following question:

I was asked the following question:
"Do you think that what this guy wrote below is true? 'You can get ahead of yourself in this game, and it's dangerous to get cocky. But I've had times where for an hour I could do no wrong. I'm trading and 99 percent of the trades are good, they're all for 30 or 50 contracts, and I'll make 10 grand. Then I'll overextend myself and maybe buy 10 or 15 contracts, fighting the trend just because I kno...
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Joe Ross
May
07

Support and Resistance

Support and Resistance
One short time ago I received a couple of emails questioning 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 suppor...
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Joe Ross
Apr
30

Money Supply

Money Supply
How does money supply affect trading in the markets? There are two important components of federal market activity which affect long- term economic activity and stock and commodity values; these are interest rates and money supply. A contracting money supply was one of the factors that caused the Great Depression of the 1930's. In the early 1980's most traders focused almost totally on the money s...
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Marco Mayer
Apr
30

How much to risk per trade

How much to risk per trade
One of the questions every trader has to think about at some point is, how much of my account should I risk per trade? A percentage? If so, what percentage? I'd love to have the right answer in my pocket for you, like "exactly 1.25% per trade/market and no more than 5% at the same time," but unfortunately, I don't. I know you don't want to waste too much time with this boring aspect of tradin...
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Marco Mayer
Apr
23

Some people seem to like to lose, so they win by losing money

Some people seem to like to lose, so they win by losing money
This is one of the quotes about trading that stuck with me. I googled it and it's from Ed Seykota, I probably read it in one of the Market Wizards books, which I can highly recommend. The exact quote is "Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money." Now this applies especially well to the retail world of traders. And i...
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Joe Ross
Apr
23

Closing Out a Trade

Closing Out a Trade
You must be disciplined in following the plan of your trade. Once you have closed your position, you should record everything about the trade. Write down where you wanted to enter the trade, what you expected out of the trade, and what you actually did get out of the trade. Make sure to include notes that will help you learn from the trade, reasoning what actually took place once you entered the t...
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Joe Ross
Apr
16

What will success as a trader bring to my life?

What will success as a trader bring to my life?
Success has many faces: peace of mind, high levels of health and energy, loving relationships, financial security, meaningful goals and aspirations, and the feeling that you are growing into all that you are capable of becoming. Becoming all that you can be is called "self-actualization."It is important to recognize that success is not only financial, but exists on many levels. A person may find s...
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Guest — Lindsay
thanks Joe .. Your blog is only allowing me to write in capitals? Lol
Friday, 17 April 2020 21:05
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Marco Mayer
Apr
16

Are you an efficient trader?

Are you an efficient trader?
Most traders start out with a dream. Usually, a part of that dream is once you're a successful trader, you will have more time to enjoy things in life such as spending time with your family, friends, hobbies, time in nature and start other business opportunities. Besides making money, for many, the main reason to start trading is actually to no longer spend 40-60 hours a week sitting in an of...
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Joe Ross
Apr
09

Avoid negative open equity

Avoid negative open equity
​There is an old saying that when day trading positions have had negative open equity most of the day, and an opportunity arises to exit the market at break even with less than 30 minutes of trading rises, go ahead and exit the market.  Unless the market is moving rapidly in your direction with expanding-in-length bars, and no more than 5 minutes left, exit immediately and consider the opport...
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Guest — Bishop
Nice insight Sir. Thanks for sharing
Saturday, 11 April 2020 21:06
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Marco Mayer
Apr
02

Don't wait too long for "Confirmation"!

Don't wait too long for "Confirmation"!
​A popular concept in the world of trading, especially among technical traders and chartists is to wait for confirmation before entering a trade. This means you have a Signal, for example, a price action pattern and now you wait for the markets to confirm that pattern before you enter. The idea, of course, is to filter out bad trades this way and to gain confidence before entering the trade. ...
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Andy Jordan
Apr
02

Your Worst Enemy

Your Worst Enemy
​In general, we are our own worst enemy when it comes to trading. There are many ways to sabotage yourself as a trader. Not creating a trading plan, or creating one and then not following it are two of the most common. Some ways to self-defeat are deep seated; they lurk at the back of your mind and work behind the scenes. These are often self-image problems that can rise from as far back as early ...
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Joe Ross
Apr
02

Ego or No Ego

Ego or No Ego
​When you get an easy winner do you feel guilty?  Do you ask yourself, "Do I deserve to win?"Do I? The world's most successful traders believe in themselves and their ability to win. In fact, many of them feel that they "own" the market. They are not necessarily being arrogant, but they are sure of themselves and sure that they are able to take profits out of the market. Most important i...
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Guest — O
Important inspiration where to direct an attention. Thx
Friday, 03 April 2020 09:02
Guest — Pio Petrilli
Joe grazie di tutto quello che ci insegni
Saturday, 04 April 2020 16:37
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Andy Jordan
Mar
26

Your Worst Enemy

Your Worst Enemy
​In general, we are our own worst enemy when it comes to trading. There are many ways to sabotage yourself as a trader. Not creating a trading plan, or creating one and then not following it are two of the most common. Some ways to self-defeat are deep seated; they lurk at the back of your mind and work behind the scenes. These are often self-image problems that can rise from as far back as early ...
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Guest — Shaun Glendinning
EXCELLENT Article Andy! Thanks for sharing. Regards, Shaun
Saturday, 28 March 2020 06:01
Andy Jordan
Thank you Shaun!
Saturday, 28 March 2020 17:48
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Marco Mayer
Mar
26

Knowing When NOT to Trade

Knowing When NOT to Trade
Traders want to trade. That's what we feel is our job and that's when we feel that we're actually really doing something. And I think that's why it can be so tough to go through periods of low trade frequency. It just somehow doesn't feel right. Might be missing out on something. For sure the markets keep on moving and others are trading, right? But feelings are often misleading, especially when i...
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Guest — Shaun Glendinning
ABSOLUTELY Marco! I can speak from personal experience! the trades you don't take sometimes, are as important as the one's you do ... Read More
Saturday, 28 March 2020 06:09
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Joe Ross
Mar
26

That GUT FEELING is no mere figure of speech!

That GUT FEELING is no mere figure of speech!
​The gut actually has its own self-contained nervous system, known as the enteric nervous system. It can operate in the complete absence of input from the brain or even the spinal cord. It is vast, with more than one-hundred million nerve cells in the small intestine alone. Add to that the nerve cells of the esophagus, stomach, and large intestine…the result is that the gut contains more nerve cel...
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Andy Jordan
Mar
19

Rationalizing Actions when Trading

Rationalizing Actions when Trading
​One of the most important things to learn in this life is how we ourselves behave, not only when we are acting on our own, but when we are part of the crowd. And what few of us understand is how many of our important daily actions are not thought out in advance. We are all attempting to survive in what is basically a hostile environment. Many of our actions are in response to some sort of stimulu...
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Joe Ross
Mar
19

Why I Commit to Teach and Train Others

Why I Commit to Teach and Train Others
​Science has been called the most creative art form.It expresses its creations in technology. Valuable information is the most prized commodity, because it makes the wealth creation process and individual creative process possible.For me, passing on valuable information and seeing someone use it to fulfill his hopes and dreams is my most rewarding endeavor. So far, the computer is technology's ult...
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Guest — J
It was hard to find what man want to do in life. At least for me. Here helped me some prayers I had not an idea about Forex , Fute... Read More
Friday, 20 March 2020 08:21
Guest — chu xiaojun
proude of you!
Saturday, 21 March 2020 01:47
Rajaram Venkatakrishna
Thanks for the trading article and the articles which you publish without fail, week after week for years.
Monday, 23 March 2020 08:47
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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.