Trading Breakouts and Pullbacks
In this piece I will discuss two core strategies; one entails entering on a retracement in price, or a pullback, and upon a breakout above or below an important technical level. These strategies each have their advantages and disadvantages, often...
Trading Psychology: Managing Emotions
To begin today’s session, we first examined the age-old cliché – “Don’t trade with emotion.” For starters, is this even possible? We are not robots and so we should not try and act like one and suppress what is going...
Mistakes Traders Frequently Make & How to Fix Them
In this session, I discussed some of the most common mistakes both inexperienced and experienced traders. I also provide solutions on how to fix these mistakes. The key is to first identify the mistake(s) through self-awareness and focus on the...
What is a Drawdown in Trading and How to Handle It
In this lesson, we discussed the unavoidable and avoidable drawdowns that traders go through. Losing is part of trading, and there will be plenty of losing periods over the course of a career, but how you manage them can be...
Risk Management
Risk management is the foundation of any trading plan, and without a solid set of principles, a trader will lose their capital. Let’s look at the factors to consider when managing risk. RISK MANAGEMENT AS PART OF SUCCESSFUL TRADING Risk...
How to Create a Trading Plan
The importance of a trading plan can’t be overstated, but yet the number of traders who don’t have one far outnumbers traders who do have a plan. Without a comprehensive plan of attack it is easy to get off course....
Sentiment Stabilized Somewhat But Euro Remains Pressured
Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff....
EUR/USD Slides to a New Low: Elliott Wave Analysis
US stocks were stable yesterday while equities in Europe came down as the situation in Ukraine is not better. However, negotiations between Russia and Ukraine will reportedly still take place soon. So there can be some hope for price stabilization....
Slumping Euro Drops Below 1.11
The euro has fallen for three straight days and continues to lose ground on Wednesday. EUR/USD has dropped below the 1.11 line for the first time since May 2020, at the height of the first wave of Covid-19. It is...
Stock futures rise as oil prices continue jumping amid ongoing conflict in Ukraine
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures inched higher on Tuesday night as oil prices continued to surge amid the ongoing conflict between Russia and Ukraine. Futures tied to the Dow Jones Industrial...