How To Take Emotions Out Of Trading
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http://www.highvelocitymarketmaster.com/tradetrack/ -- Free Trade Tracker http://www.netpicks.com/trading-article/take/ -- Blog Post When price pulls against your position and challenges your stop, for some people, that can be pretty stressful. Like my friend, many get an itchy trigger finger and close the trade manually. Whatever the plan is for any particular trade, the plan goes out the window and now you rely on emotions.
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Trading Business Success Tips
- See more at: http://www.netpicks.com/be-a-success/
Trading success is hard to come by for most people. What if traders took the mindset of an athlete, a successful business person, anybody that has risen to the top of their field? Success in trading is possible but you have to approach trading as a business and use yourself as a benchmark for success.
- See more at: - See more at: http://www.netpicks.com/be-a-success/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading, trading success, committment, dedication, success, trader success
Stop Trading At This Time Of Day To Protect Your Account
Stop Trading At This Time Of Day To Protect Your Account
- See more at: http://www.netpicks.com/day-trading-during-lunchtime/
One of the worst times to day trade is during the time when many traders take lunch and this is a good time for you to stand aside. To go on further and elaborate a little on why I say this and to make the point, I wanted to focus more on specific time periods within the primary day trading session.
This applies to intraday traders more than anyone else, although when anyone enters or exits a trade, they are acting on an intraday basis.
So why do I think lunchtime trading is the worst time to day trade? Like everything in trading, it has to be determined based on your strategy and your personality. If it works for you, then by all means do it.
- See more at: http://www.netpicks.com/day-trading-during-lunchtime/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading, trading time frames, day trading, intra-day trading, trader
Why You Should Learn Trading Concepts
- See more at: http://www.netpicks.com/what-indicator-do-you-use/
Too many traders focus on the wrong things in trading like trading indicator settings. That information will not help you become a profitable trader. Learning about trading concepts, how the markets move, and using that information to help guide your trading is a better road to follow.
- See more at: http://www.netpicks.com/what-indicator-do-you-use/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
trading, concepts, concepts in trading, moving averages, trading strategy, trading system
Day Trader Success Guide - 6 Step Process For Beginners
Day Trader Success Guide - 6 Step Process For Beginners
- See more at: http://www.netpicks.com/day-trading-living-guide/
This day trading beginner guide is a 6 step process that will show you how to learn to day trade. Learning to day trade should be made as simple as possible and we think this is the best way to start your professional trading career.
- See more at: http://www.netpicks.com/day-trading-living-guide/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs
day trading, how to day trade, day trading success, guide to day trading
Keep Your Trading Simple Like The Big Players
- Trading can involve simple patterns, entries, risk reduction, and exits, but managing risk and other variables that make up the act of trading requires work.
- A simple uptrend was present in the USDCAD market over recent weeks, with large momentum moves, however the past 10 weeks have been in a pause.
- When the channel formed by the recent uptrend was broken with momentum, it provided a signal to enter a long trade, with the trade being exited for a profit of 134 pips.
4 Strong Reasons For Having Trading Rules
See more at: http://www.netpicks.com/reasons-trading-rules/
Sometimes trading is tough. When markets are moving quickly, they can put your head in a spin and when you factor in the strong emotions that are likely to show up at these times, it’s no wonder that traders often end up tying themselves in knots. So employing a trading strategy that leaves no room for ambiguity is hugely advantageous.
That is where a trading plan with precise trading rules comes into play.
If there’s an entry, you can take it (or not). You know where you’re exits are and you know where you’ll take a loss (whether or not you’re ‘wrong’). Although there will be times when you can sense that a trade isn’t absolutely perfect, there are some strong arguments for mechanically defining your ETS (entries, targets, stops). Here are 4 of them-
See more at: http://www.netpicks.com/reasons-trading-rules/
- Visit our website: http://www.netpicks.com/
- Download the free indicator blueprint: http://www.netpicks.com/blueprint/
- Options Hot List PLUS Training: http://www.netpicks.com/hotlistdl/
You Are Wasting Time Asking These Types Of Trading Questions
Ever hear that if you want a meaningful answer, you need to ask the right question?
Asking questions in a general way will give you an answer that is not actionable.
That is what you are looking for though.
You want an answer that will give you a way to start moving forward and the way to get that is to wrap your mind around asking a more specific question.
- See more at: http://www.netpicks.com/asking-the-right-questions
Avoid Choppy Markets With These 2 Indicators
http://www.netpicks.com/squeeze-out-the-chop/ - Read more
Let's cover one e of those indicators that help us determine if we are in a trending or consolidating market, the Bollinger Band Squeeze.
I’ll recap the components of The Squeeze, describe the rationale behind the indicator, and present an approach you can use to develop a customized Squeeze trading indicator.
Choppy Markets & The Squeeze
Whenever market volatility decreases, we see the Bollinger Bands tighten while the Keltner Channel remains relatively constant. As volatility continues to decrease the bands will eventually move inside the channel lines.
This means that, using the typical default values, 95% of the closing prices fall within 1.5 ATR’s of the moving average, and that is what constitutes a squeeze.
- See more at: http://www.netpicks.com/squeeze-out-the-chop/
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
NEVER FORGET THIS TRADING HABIT
Click here to read about this trading habit.
http://www.netpicks.com/consistent-trading-edge/
Here is some information on trading habits
Nothing exists as the only way to trade. There is no one singular trading edge. There is however one trading habit that all traders that wish for success must follow and that is to consistently apply your edge every time you face your charts
Click here to read about this trading habit.
http://www.netpicks.com/consistent-trading-edge/
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
How can fibonacci levels help your trading results
This document discusses how Fibonacci retracement and extension levels can be used as objective targets for exiting trades or taking profit. It explains that Fibonacci levels represent obvious swings and pockets of consolidation in price and provides examples of how multiple Fibonacci levels and other factors can confirm trading opportunities. The document also warns that transitions between Fibonacci levels can be messy and advocates measuring each leg of a move individually when determining Fibonacci projections.
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How To Take Emotions Out Of Trading
- 2. At 10:16 the next morning, he sent me the following text:
- 8. The trade plan gets ignored
- 9. My friend ignored important price points I gave him
- 10. 1. Cut Risk 2. Open Trade With No Risk
- 11. I gave him the entry and two exit prices.
- 13. Stop goes to break even if support zone breaks
- 14. Zero emotions because trade is risk free
- 15. I would be frustrated if I saw price go in my favor equal to risk, did nothing, and then got stopped out.
- 16. Why bother having a plan if you won’t follow it?
- 17. No Risk = No Worry
- 18. IDEA: Close partial when close to stop
- 19. Cutting partial lessens risk and may make you trade stress free…….
- 20. …may prevent you from letting emotions dictate your actions
- 22. “Hope for the best and expect the worst”.
- 24. Free Trade Tracking Software http://www.highvelocitymarketmaster.com/tradetrack/