181. What Makes a Successful Trader?
January 26, 2010
Are some people just destined to be great traders? Or perhaps some people learn the principles of trading better than the average person. These are all questions I would imagine every trader has pondered, especially on those days when your results are less-than-spectacular. For the record, I have...
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182. Day Trading the Fibonacci Numbers: The Real Deal or Just Predictive Garbage?
January 24, 2010
Is there any real value in predictive statistics that traders seem to pull out of thin air? The proponents of the random market theory (efficient market theory and it’s many variations) would say “absolutely not.” But the army of Fibonacci proponents and a sea of floor traders who use them beg to ...
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183. Contract Considerations for Day Trading the ES Emini
January 18, 2010
It garners more trading volume than any emini contract on the Chicago Mercantile Exchange, and has run away (in trading volume) from any other futures contract currently traded. It the pint sized version of the S and P contract that traders have flocked to in recent years. Better yet, it is specif...
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184. More on Emotional Considerations in Your Day Trading
January 17, 2010
You have a responsibility to be prepared mentally each day you choose to day trade. Many traders shun the emotional realities of trading, and this aspect of trading is among the most important. Recent findings in scientific studies reveal, unequivocally, that a traders emotional state during a trad...
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185. Do You Have Firm Control on Emotional Factors Which Effect Your Trading?
January 15, 2010
Most traders suffer from the mistaken notion that if your learn a good day trading system you will make big money day trading. Of course, nothing could be farther from the truth. One of the few topics that most day traders are reluctant to talk about is market psychology and trading psychology. Y...
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186. How to Trade Pivot Points
January 13, 2010
I think the most important fact, yes I said fact, regarding pivots points is they are a prediction of future support and resistance levels. The key word in the previous sentence is “prediction” and traders should keep that in mind when trading pivot point systems. I have always been conflicted as ...
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187. How to trade the NYSE Ticks
January 11, 2010
Pure oscillator traders are missing out on one of the most interesting and useful tool on the market. The NYSE Ticks can show you a world of information about the number of stocks that are increasing vs stocks that are declining. If you understand how to use this valuable information you may feel ...
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188. Day Trading With the Stochastic Indicator
January 11, 2010
Day Trading With the Stochastic Indicator
Momentum. If you look at the way I trade, you will find momentum is the key difference in my trading style and the chart traders or the pure oscillator traders, and the stochastic indicator is an accurate momentum indicator. I would not put the sto...
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189. How Does the Relative Strength Indicator Function?
January 08, 2010
Have you read Welles Wilder’s “New Strategies in Technical Trading Systems?” If you haven’t I would advise reading the book today. If you want to trade the RSI, learn about it from the original text, and apply the original RSI knowledge to your trading. Don’t settle for the endless stream of revi...
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190. Introducing the Commodity Channel Index
January 07, 2010
If there is a handier trading tool than the Commodity Channel Index I would be hard pressed to identify it. Many day traders have flocked to using this indicator for it’s sheer versatility, if nothing else, and it’s following grows yearly.
The Commodity Channel Index (CCI) was introduced in...
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Author: David Adams
