Online Trading Education

Tape Reading

trading education Jesse_LivermoreJesse Livermore and Reading the Tape

Tape reading is not as popular as it was in the old days. Computers have made us lazy traders.

When I say the “old days,” I am referring to before 2007.

Some smart, savvy traders however, have adapted and are skillfully implementing tape reading in a much different way today. Chart reading is an element of tape reading, but they are not the same.

Our goal is to elevate from chart reader to tape reader. Learn how Livermore did it.

Learn about Tape Reading — >>

Order Flow | How to Trade with the Institutions

Order flow isn’t a term you will hear on CNBC or read in the Wall St Journal…

It’s an underground secret, exposed only to those in contact with big money. When tens of millions of shares are involved, order flow is not going to be announced on TV.

That is unless they want you to buy shares they need to sell, or, they want to accumulate (buy) a few million shares and need you to sell to get the shares.

How do they do that? It’s simple. It’s done with a specific type of price action…

Read About Order Flow — >>

Make Ten Perfect Trades...

Download this new report today. Learn how to identify and trade with institutional order flow. Make your trading easier.

Day Trading Education

7 Day Trading Rules that Instantly Put Money in Your Pocket…

We need day trading rules because we can’t predict the market. You may think you can, but trust me, you can’t. Nobody trading rules

What you can do however, is know exactly what you are going to do.This is where the money is. The more specific your rules, the more consistent your P&L will be. Take that to the bank.

Start Following these Seven Critical Day Trading Rules — >>

Day Trade the Best Stocks and Adjust to the Market…

Day trade the market or day trade your stock and ignore the market? What is your game plan if the market finally runs out of buyers? Only plan day trades that match your strategy. It’s very tough to be profitable with spur of the moment ideas.

Always be assessing probabilities for your next move. Always be building if/then scenarios. Day trading is hard work. The stock market has been kind to investors the last 2 years. We aren’t investors. It’s time to make a trading plan in case of a bearish tape.

Learn how to Adjust Your Game Plan — >>

Stock Scalping Strategy | Old-School Day Trading…

stock-scalpingCan a strategy that doesn’t exist anymore help us improve our trading today? I say yes. Core principles of stock trading are the DNA of success.

The only thing that changes is your objective. Stock scalping is often confused with momentum trading today. Pure stock scalping was level 2 trading. It later evolved into momentum trading.

This was probably one of the best stock scalping books from back then. My copy is well-worn.

Watch this Video – Stock Scalping Strategy — >>

Day Trade Adjustments for Volatility…

How do you determine share size per trade? Is it documented in a written trading plan? Day trade and risk go together, it’s tough to say one without the other. The problem for most new day traders is they never learn to adjust risk with volatility.

A $500 risk is not the same in every stock or from day-to-day. Stocks have different volatility, known as average true range. This is the amount price action fluctuates from high to low (on average).

New traders should assess risk tolerance, capital and decision making ability and coordinate these resources with volatility.

How to Make Day Trading Adjustments — >>  

How to Become a Successful Day Trader…

Successful day traders are those who specialize and refine the use just one or two trading techniques and become experts in theirsuccessful day trader execution. Focusing on one or two strategies will bring repeated success.

Every time someone brings out a new strategy, we run to it, hoping for the Holy Grail.

Well, I have not found a Holy Grail in my day, but I have identified a number of tactics that bring repeated success.

Steps to Successful Day Trading — >>

3 Methods for Choosing Stocks to Day Trade...

So many stocks to day trade, so many choices, so many opportunities… For the amateur, that is the comment most often repeated when they read the end of day news and see the spectacular price action a particular set of stocks traveled that day or week.

Feelings of “missing out” because there are so many opportunities become stories of missed fortunes and “what if.” Professional see things differently. Here are the top 3 methods for generating new trading ideas…

How to Choose Stocks to Trade — >>

Day Trading Video and E-Book

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Mentor Minutes | How to Develop High Probability Scenarios…

Winning Trades have a structure. Top traders make money because they have a system.  Learn how to scan for the best ideas

The key take-away from the meeting; is understanding the reasons why a trade might be a good idea, but also why it may not be a good idea right now.

Watch the Video — >>

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E-Book Download | An Insider’s Guide to Understanding Price Action

Day trading is to investing like baseball is to softball. They look the same but are completely different when you step on the field.

Download this short guide and put your self in the best position to succeed

Download the Report Now — >>

60 Minute Charts | Day Trading Strategy Video

If you are finding the current long-term tape is driving you crazy, here is a simple solution that works like a charm for day trading. This is not a full trading plan but it come close.

We are using the SPY ETF as an example but you can apply the trading strategy to any stock.

Video | Learn to Implement this Day Trading Strategy — >>

The Truth About Day Trading…

stock trading mentorThe truth about day trading is that there are no trading secrets and no easy paths to quick success in trading markets.

Now that we have that statement out of the way, we can begin to look at some factors a person needs to consider before they want to begin trading. It’s not just a matter of taking some amount of money, opening an account with a broker and then buying what seems to be priced too low or selling what seems to be priced too high.

Your preparation for trading needs to begin well before you get to that stage.

Get this Day Trading Wisdom from a Veteran Trader — >>

Should You Day Trade From Home or From an Office?

trading computerIf you love day trading, but would rather not deal with a broker you’ll want to learn how to day trade home or office. every time that you buy or sell shares, you need to know that there are other options then using your broker.

By learning how to day trade from home (remote), via some of the most impressive, cutting-edge online stock trading platforms, you’ll be able to enjoy a whole new level of convenience.

How to Decide the Best Location to Trade — >>

Successful Day Traders Accept Losses…

As a trader, you have a need to understand the importance of taking losses while minimizing  them. When I am wrong  I would try to exit my position with as little damage as possible.  No ego here. Wrong is wrong!

No trader makes money all the time and the best traders in the world are successful because they know the importance of accepting and taking trading losses.

How to Accept Trading Losses like a Pro — >> 

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Video Training: How Professional Trades Build a List of Winning Stocks

Get a behind-the-scenes look into our pre market game plan meeting.Discover the reasons why a trade might be a good idea, but also why it my not be a good idea right today.

Watch the Video — >>

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E-Book Download | What do Experienced Traders Know that New Traders Don’t?

Day trading is to investing like baseball is to softball. They look the same but are completely different when you step on the field.

Download this short guide and put your self in the best position to succeed

Download the Report Now — >>

Perfect Trade Template

Trading Psychology

Trading Losses: How to Handle them Like a Pro…

Trading losses are guaranteed, yet for some reason, new or struggling traders seem surprised when they happen. A few years ago I was hosting a seminar in NYC and I asked this question to the room:

Is placing a trade, accepting risk?

I asked for a show of hands to see who believed this was true. Virtually every hand went up.

OK, that was the answer I expected (which is the wrong answer)

Learn how to Handle Trading Losses  — >>

Rules for Success | What Motivates Arnold

This is one of my favorite posts where I can speak about what motivates me.

I have always been a fan of Arnold and while this speech he gave Commencement Address University of Southern California May 15, 2009 still echoes today in life and in my trading today.

Many young people are getting so much advice from their parents and from their teachers and from everyone.

But what is most important is that you have to dig deep down, dig deep down and ask yourselves, who do you want to be?

Not what, but who.

Read Arnold’s Six Rules for Success — >>

Overcoming Our Trading Fears…

Operating in an unstructured environment. Trading requires you to operate in an environment with few rules and little structure.

Most people need order and rules for guidance, it is the way their lives have been structured since childhood.

Confronting your inner self is very difficult. Standing alone is uncomfortable because it makes people do one thing that most feel uneasy about, which is taking responsibility for one’s actions. Most people like to delegate responsibility, blame others and make excuses when they don’t succeed.

Learn to Conquer the Fear of Losing Money — >>

The Psychology of Successful Trading…

The psychology of successful trading is 80% psychological and 20% methodical. As I have said in the past, self-knowledge is the key to market success. A trading method by itself, no matter how well thought out, cannot be successful if it is not applied in the correct manner.

It is in the application of a trading method that many traders end up losing.

Read about the Importance of Trading Psychology — >>

Trading to Win: Conquering Fear and Greed…

We give in to our greed when we take a profit early, before the regular signal, because we don’t want to give back any of the profits. We give in to our greed when we trade more contracts or shares than we normally would because we feel good about this trade.

Overcoming Fear and Greed is how we understand the markets. If we understand how they work, we can get a better understanding of ourselves, and in turn be better traders.

See Why Trading to Win is More than a Simple Cliche — >>

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