How To Use Candlestick Patterns for Day Trading

One of the most frequent questions I get regarding candlestick patterns is how to apply them to the day trading scenario. You have probably noticed by now, that many of the candlestick reversal patterns include a small gap somewhere in the pattern. This is fine on a daily chart, but when you are day trading, there […]

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How to Analyze a Stock in 10 Minutes or Less

Around the world of would-be stock traders, one central question seems to be common:​Which stock is about to go up?I’ve been teaching in the stock trading world now for almost nine years. Undoubtedly, when I meet someone, and they find out what I do, this is their first question. However, I always meet their question […]

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Trader Drift: The Consequences and the Solution

There is a plague that permeates around a big group of traders. It mostly shows up with newer traders and traders who seem not to be able to turn the corner despite multiple efforts or attempts at it. This plague is known as TRADER DRIFT. What is Trader Drift? It is a state or feeling of […]

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Supercharge Your Trades Selling Options

Opinions can be quite polarizing, particularly in the world of trading. When it comes to options, there are those who believe options should be traded and those who believe they should not. It’s just the way things are! For the most part, option traders are convinced options provide the best opportunity to make a large profit […]

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The Good, the Bad, and the Ugly Truth about Options

Most active traders have heard fantastic tales of how such and such trader used stock options and made 300% or more in just two weeks. These stories are common among option traders. However, just as common are the stories about people who bought a stock option and lost everything. The result is a fairly divided set […]

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3 Quick Ways to Simplify Your Trading

There is a trend with retail traders. See if you can relate.When they begin trading things are ultra-simplistic. They must be! After all, you are just getting started! The result is a lack of success. But would we expect any different? To think an ultra-simplistic beginner would achieve extraordinary results is like believing a baby […]

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Why are candlestick patterns so Black & White?

A while back, Jerome responded with a question to my post, “My Top 5 Favorite Candlestick Patterns”. He asked…So, if they are my favorites, why not paint them green & red? Jerome, this is a great question. It’s also a question I happen to get a lot so I thought I would address it in a […]

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How To Trade A Channel

Welcome back everybody in today’s blog we’ll answer the question, How To Trade A Channel?. I’ll show you what a channel is and how to trade a channel so let’s answer the first question.What is a channel?What is this mysterious thing that you sometimes hear about? Well here’s what happens, sometimes a stock gets stuck […]

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7 Essential Trading Tools You Must Have

Stock and Option trading is exploding with popularity. Whether you want to make a little extra cash on the side or work towards a full-fledged retirement from your day job, it is easier than ever to become a trader. Below are 7 essential trading tools you need to get started!1. Start with Education”An investment in […]

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The Importance of Setting Stops

In this article I’m going to talk about the importance of setting stops as well as how we set them. It might be one of the most important articles I write this year. But first let me tell you a story and ask you if this story sounds familiar.The Phone CallLiz called me devastated one afternoon. […]

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