Category: Power Course Trading Tips

[embedded content] The video above outlines a few rules and tenets that can be helpful to traders staying on the right path on a consistent basis. Some of them might seem a little cliché, but clichés come about for a reason, because they hold time-tested truths. For example, having a strong risk management strategy is …

Trading Rules and WisdomRead More

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 as a function of the current type of market/volatility environment. THE PULLBACK TRADE The pullback …

Trading Breakouts and PullbacksRead More

It should go without saying, but confidence is essential to trading or anything we set out to do, for that matter. There are certain ways to approach building confidence, maintaining it, and making sure you stay on track. [embedded content] Having a gameplan is paramount A lot of traders approach the market without having a …

Building Confidence in TradingRead More

Introduction to Risk Management Risk management is at the core of any good trading plan, without having a sound set of principles to follow a trader is doomed to fail. We outline rules and factors to consider when customizing a risk management game-plan right for you. [embedded content] RISK MANAGEMENT IS PARAMOUNT TO SUCCESS Risk …

Risk ManagementRead More

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 the difference between finding success and even possibly ending your career in ruin. There are …

What is a Drawdown in Trading and How to Handle ItRead More

[embedded content] 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 process, then work on fixing them one at a time. If you attempt …

Mistakes Traders Frequently Make & How to Fix ThemRead More

[embedded content] 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 on inside our head. Recommended by Paul Robinson Traits of Successful Traders Get …

Trading Psychology: Managing EmotionsRead More

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. Your plan doesn’t need to be overly detailed, a few pages or so will do. …

How to Create a Trading PlanRead More

What is Economic Growth and Why is it So Important? Top news headlines are often dominated by the release of gross domestic product (GDP) figures and for good reason. The GDP release attracts a lot of attention from traders and market participants because of its signaling effect and ability to move financial markets. This article …

Economic Growth: What is GDP Growth?Read More