To understand rotational trading imagine you were able to keep betting on the leading horse as it went around the race track.As a horse takes the lead, you move your bet from the old leader to the new one.Keep doing this as the horses round the track and you could win every time.
Trading School For Relaxed Traders
I’ve seen hundreds of good looking trading strategies turn into a big, steaming pile of horse manure when traded in the real world. How can a strategy that seems great on paper turn into a loser almost immediately? Without a doubt it’s because the designer didn’t understand the basics of statistical analysis, sample size, and out-of-sample testing
I’m going to lay out, in all its glory, a very simple opening range breakout day trading system for gold that I wrote years ago.And because its rules are so simple it continues to work in the world’s most difficult trading environment:Real-time!Let’s dive deeper into how this system works and how you can make this
You can day trade gold with only 3 lines of code if you know exactly when a strange quirk in price shows up.This phenomenon in gold is so unique that I haven’t seen anyone else talk about it. And I almost completely missed it if it hadn’t been for a lucky fluke of observation. Let’s take a
This RSI stock market trading system (also called a “trading plan”) has correctly timed the market 85% of the time for the last 40 years. The idea of a “plan” is not a foreign concept.You have a plan to get to work each day, you have a plan to make dinner, you have a plan
If I had to make a guess, I’d say most of the people Reddit day trading are “News Traders” (worst type you can be) and unfortunately have no idea of the freight train that’s about to hit them.News Traders might catch a few quick early wins, emboldening them. But, over time they always lose money
It’s time to stop treating your swing trading as a hobby. It’s time to get serious.Understand the odds of every trade you make is the only way to make consistent money swing trading stocks. No more guessing and no more listening to gurus that don’t back up their “hot picks” with proven odds and statistics.In
Do you use the MACD to trade?I’ve tested it, and the results will surprise you. Back when I started trading, I read as many books on technical analysis as I could. One after another, I read all the “classics” and took tons of notes, filling up binder after binder.But guess what? The books were wrong!
Technical Analysis officially died on April 21st, 1982, the day stock index futures first appeared on the Chicago Mercantile Exchange.Ever since, the stock market’s behavior has become more volatile in the short-term due to the tremendous leverage that traders can use to their advantage (or demise).
You can easily sell short the SPY ETF for a day trade using opening range breakout patterns.These patterns also work in the gold market, the only difference being that you go long gold.Let’s take a deeper look at why you want to short SPY when you see these special patterns and how all you need are
For years, I’ve listened to traders spout off about Fibonacci trading.Fibonacci retracement level are akin to Santa Claus, the Toothy Fairy, and the trader’s “Holy Grail”. They are complete bunk and I’ll demonstrate why.
I challenge you to stop looking at the VIX everyone else watches and make your own, much more accurate, “Synthetic VIX”!You know the “Fear Index” that’s shown all over the internet and financial TV.I’m going to prove to you that it is utter bunk, just more jabber from the mouths of people that make a
If you don’t know what pareidolia is, don’t be hard on yourself, because it’s likely that your spellchecker doesn’t know either.Basically pareidolia means that you, as a human, tend to create significance out of events when there is none. In other words, you can be easily fooled by randomness if you aren’t careful. And when it comes
The vast majority of traders and investors basically don’t have much of a plan. And most believe that all they have to do is listen to analyst recommendations and breaking news and they’ll be set for life. Wrong!
The other day a friend asked me that if he time traveled 100 years into the future what trading system for stocks would still be working?I thought I would go ahead and share what I came up with.
If you have any money in the stock market you MUST know this one risk management equation. It has the power to turn even the worst investors profitable and break-even traders into money-making rock stars. Check it out.
Are you an options trader? If so, my feathered friend has a warning for you. This wobbly turkey is hatched on a farm on a perfect sunny morning.It’s fed every day, kept safe and secure from the elements by the friendly farmer.This turkey lives a good, predictable life.That is until one day…
Let’s say you had a crystal ball, and timed the bottoms and tops of the three best trades in the last 15 years perfectly…