The bulls have had a great run since the May lows were established, rally 170+ points off of those lows. Much of the rally can be attributed to a few strong days that sent the market soaring higher, while much of that time was confined to sideways trading.Â
I know there are a lot of frustrated swing traders out there. I know that trading high volatility markets hasn’t been easy for most traders. I get that. The headline risk is insane, we are in the winding up earnings season, tariffs are in play, the market has the feel of being on the tail
How to avoid a large drawdown in your trading account This is the kind of post that no one ever wants to utilize or need, because it will mean that they are either in a trading slump where most of their trades are going against them, or worse, they are capitulating their own portfolio with
Be sure to check out my latest podcast on Soundcloud and iTunes. In today's episode, I discuss how I use stop-losses to further expand my profitability on my overall trading. This is key stuff to your trading success, so you need to tune in (old school reference) and see what I have to say on
My Swing Trading Approach Price action is becoming mre reliable for the bulls here, however, shock events still loom large on SPX with North Korea. I will look to aggresively increase my stops on my profitable positions. Indicators
You read the title and you probably think that I have lost my mind to say that getting stopped out of a trade is a good thing – especially when the objective of trading is to make money…and not lose money! No, I get it! Nobody likes being stopped out of a trade and I
I assume the worst from my trades, that they will always be unprofitable For most of you that is probably the most asinine statement you’ve ever heard a trader make when it comes to managing trading losses. But it is true! I don’t look at my next trade as one that I will make a
When the Nasdaq is up 10 straight days – a little consolidation never hurt anyone. While it is much more common to see the Nasdaq have these kinds of runs than the S&P 500, it still needs to cool off here. What’s amazing about the run is that it comes right after the Nasdaq was
Always use a stop loss order If there has ever been one aspect that I have beaten into the hearts of traders who have graced my website over the years, it is the need to use a stop loss order on every single trade that they take.
Good example of using stop-loss orders for protecting profits on my current trade of Flex Ltd (FLEX) Which happens to be a Contract Manufacturer in the technology sector, with a market cap of $8.8B I was really drawn to this stock when it pulled back following the sharp spike higher in January. Not to mention