161. Day trading: Living on the Edge?
May 05, 2010
There is a general perception that day trading futures contracts is a highly risky business and not for the faint of heart. Day trading can be a very risky business, especially when traders use poor money management techniques, faulty trading technique, and improper risk assessment for trades. For t...
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162. Trending and Non-Trending Markets
May 05, 2010
Traders start each day in anticipation of making quality trades. It's up to the market to provide the opportunities for a trader to participate; and it doesn't always reciprocate with quality opportunities for a trader to pick out high probability trades.
Trending markets, or markets that ar...
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163. Can I Get Rich Fast Day Trading?
May 05, 2010
I think the reason most people get into trading and quickly leave trading is the illusion that there are millions to be made in a very short period of time. This conception of trading is simply not true. Granted, there are many traders who make millions every year trading the markets. One of the ric...
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164. Are Trading Rooms a Good Idea?
May 05, 2010
This question is sort of like asking. “Is buying a Ford a good idea?” Ford makes some very good cars, and it also made some cars for which I don't care. By and large, attending a trading room is a good idea if you are looking to learn a specific technique the trading room utilizes. It's one thing t...
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165. Five Characteristics of a Good Trading Platform
May 03, 2010
I have certainly traded on a variety of trading platforms throughout the course of my career. Some platforms have been a joy and a sheer pleasure on which to work, and other platforms made me want to set my hair on fire. The variety and quality of trading platforms available to traders varies from a...
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166. Do You Suffer from Over Trading?
May 03, 2010
Every trader has one primary goal; to trade. It is natural for a trader to be excited and enthusiastic about the prospects of trading his account. After all, it's our job to trade. But one of the toughest lessons to learn in trading is when to trade and when not to trade. On certain days, even the p...
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167. Do You Understand How Derivatives Work?
May 02, 2010
I have been a derivatives trader for the majority of my working career. I've noticed during that time that the word "derivatives" has garnered some very negative connotations. The fact of the matter is that the term derivative has a variety of meanings and can indicate a wide range of financial inst...
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168. The investment You Don't Need; Cash Value Life Insurance
May 01, 2010
As a longtime trader I have a rule about investments and insurance. I use investments and my trading ability to make money. I use insurance to protect the things I can't afford to lose. Further, never should the two asset classes meet. Insurance is a lousy investment, but it's great to protect again...
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169. How to Use the Directional Movement Index
May 01, 2010
The directional movement Index is one of Welles Wilder's lesser-known creations, but it is explained in his book “New Concepts in Technical Trading Systems” published in 1978. Many of the most common indicators and use the today originate in this seminal book on technical trading. Consider the ADX, ...
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170. Learn to Trade with the Trend
April 30, 2010
In my trading, I keep my countertrend trades to less than 10% of my total trades. In other words, I am trading with the trend 90% of the time. There are several reasons for this, the most obvious is that trading with the trend is consistently profitable. Conversely, trying to initiate countertrend t...
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Author: David Adams
