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    The 5 Stages of Trading

The 5 Stages of Trading

Psychologists have created a model for assessing how people change their behavior. Commonly known as the Stages of Change, this model describes five steps in this process: precontemplation, contemplation, preparation, action, and maintenance. Much like these Stages of Change, day traders also go through stages in the development of their [...]

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    Three Essential Elements of Risk Management

Three Essential Elements of Risk Management

Losing money is a natural part of day trading. Even during a profitable trading day there will be some winning trades and some losing trades. The key to success is learning to apply risk management to reduce the exposure to and impact of the losing trades. All day traders must [...]

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    Top Four Triggers of Fear and Greed

Top Four Triggers of Fear and Greed

Common knowledge of trader psychology teaches that individuals should avoid trading with their emotions. This is because human emotions are inherently unstable and successful day trading requires a stable mind. To help traders get a better understanding of this concept outlined below are the top four triggers of fear and [...]

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Top Four Triggers of Fear and Greed

  Top Four Triggers of Fear and Greed

Common knowledge of trader psychology teaches that individuals should avoid trading with their emotions. This is because human emotions are inherently unstable and successful day trading requires a stable mind. [...]

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4 Golden Rules of the Market

  4 Golden Rules of the Market

In day trading there are a few fundamental principles that are the core of any trading strategy. These principals can’t be negotiated but must be adhered to at all cost. Refusal [...]

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Critical Steps to Developing a Day Trading Strategy

  Critical Steps to Developing a Day Trading Strategy

Many seasoned day traders have discovered the remarkable benefits that having a sound, objective and profitable trading system can have on their bottom line. Furthermore, having an objective trade plan that [...]

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Trading Oil Based On Fundamentals

  Trading Oil Based On Fundamentals

More so than any other market, oil trading follows fundamentals very closely. Knowing these fundamentals can make oil trading a very profitable business for the retail trader. While there are [...]

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Essential Technical Tools for Your Trading Toolbox

  Essential Technical Tools for Your Trading Toolbox

As part of their technical analysis, traders rely heavily on chart formations, as they should because they contain critical data on price movements and provide visual depictions of price trends. [...]

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Hedging, Speculating, Investing… What’s the Difference?

  Hedging, Speculating, Investing… What’s the Difference?

What is investing? Investing is the act of putting your money or capital in the market with the expectation that it will gain a return. The most widely practiced form of [...]

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Understanding the Futures Market

  Understanding the Futures Market

‘Futures’ are a type of financial transaction or contract where a party agrees to purchase or sell an asset at a predetermined future date and price. Futures trading began in [...]

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Today’s Day Trader Strategy

One of the most common and destructive mistakes a day trader makes is to simply not follow their plans. Temptation, an “obvious signal”, and just simple greed can lead traders down the road of being undisciplined. This is without a doubt one of the most dangerous mistakes, as traders will often lose more than they originally planned as they raised their amount risked.

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