Tag: trading plans
DEVELOP AN EFFECTIVE RISK MANAGEMENT PLAN
Risk management should be one of the most important tools in a trader’s arsenal of trading expertise. Develop a clear set of rules and...
Day Trading Plan Secrets (Part 1) Determine Your Day Trading Style
Discretionary Day Trading
T his approach is good if the trader has good decision-making skills. With timely, well-informed decisions and well-considered actions, a trader...
Unleash the Hidden Power of Your Trading Plan
D eep in your trading plan, you may be missing an element that could be eliminating huge winners. By merely tweaking a few...
Adding Stock Scanning Tips to Your Trading Plan
S tock scanning is a vital tool used by professional traders to find symbols that fit their criteria. There are thousands of programs...
Types of Gaps and How to Trade Them
T rading gaps is extremely profitable, especially for traders with strategies for gapping up and strategies for gapping down. Some traders only take...
4 Steps Necessary for Trading Preparation
T There are four very crucial steps for determining a trade and making the right decision. Profitable traders are able to spot opportunity,...
Price is Determined by the Interaction of Buyers and Sellers
P rofitable traders use technical analysis to judge prices because they know that price is not dictated by market events, but rather...
Momentum Interpretation
U nderstanding momentum comes along with understanding the indicators that involved with this kind of trading. Momentum trading focuses on continuing momentum or...
The Basics of a Piercing Pattern
A fter knowing what a piercing candle is, you’ll find that they are very easy to spot on a candlestick chart. A piercing...
Maximum Position-Size Strategies and Consistency
T he maximum position-size strategies are catered to traders who desire to make a living rather than grow their capital. Once a trader...