Here’s the thing: If you study most trading textbooks, you’ll learn the Bear Flag is a bearish chart pattern. And what would most new traders do? You identify a Bear Flag Pattern and go short immediately. Then the next thing you know… The market reverses higher and whips you out of your trade. And then […]
The Complete Guide to Breakout Trading
Do you trade breakouts? Then you know breakout trading can be exciting. The price quickly moves in your favor and make it seems like you’re printing money. However… Breakout trading can also be painful. For example: You notice the price breaking above Resistance. The candles are big and bullish, so you go long. But suddenly, […]
The Symmetrical Triangle Trading Strategy Guide
Have you ever traded the Symmetrical Triangle chart pattern? If you did, then you know it’s not as easy as it seems. For example: You might have thoughts like… Should I trade the breakout of the Symmetrical Triangle or do I wait for a pullback? Where should I put my stop loss so the market […]
Ed Seykota: 19 Trading Lessons from a Market Wizard
Ed Seykota is one of the best Trend Followers of our time. According to Michael Covel, in his book Trend Following, Ed Seykota turned a $5000 into $15,000,000 over a 12-year period. That’s insane, right? With such a mind-blowing track record, I dug further to find out what are some lessons we can learn from […]
Trading as a Business — The Essential Guide
Trading as a business. That’s what you want, right? To be able to start your own trading business from home. No boss. No BS. No politics. But do you know what it takes to succeed? (Hint: It’s not about finding the best indicators, trading strategies or timeframes). Then what is it? I’ll tell you more. […]
The Complete Guide to Trend Line Trading
Trend Line is one of the most versatile tools in trading. You can use it in day trading, swing trading or even position trading. However, most traders get it wrong. They draw Trend Lines looking like this… I know I’m exaggerating, but you get my point. That’s why in today’s post, you’ll learn: What is […]
5 Price Action Trading Hacks That Work
So… In my earlier posts, you’ve learned why trading indicators, fundamentals news, and black box systems actually HURT your trading results. Then, we discussed the power of price action trading and what it can do for YOU. In case you missed it, here they are… Why Most Retail Traders Fail and What You Can Do […]
Price Action Trading Secrets
In my last post, I said that if you want to be a consistently profitable trader, you need to stay away from trading indicators, fundamental news, and black-box systems. If you missed it, here’s the lesson: Why most retail traders fail and how you can avoid it Now you’re probably wondering: “So what should I focus […]
Why Most Traders Fail and How You Can Avoid it
Alright. This might not win me any friends, but it has to be said. The reason you’re still not a profitable trader is probably because… You’re toying with indicators without knowing what it really means Here’s the truth: Indicators are a derivative of price. This means the values on your indicator are “created” by applying […]
The Complete Guide to Doji Candlestick Pattern
The Doji is one of the most misunderstood candlestick patterns. For example: 1. Do you know there are 4 types of Doji and each has a different meaning to it? (Most traders never figure this out) 2. Most textbook teaches you that a Doji represents indecision in the markets. But do you know it can […]
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