Free Market Recap Video For Tuesday, June 29th, 2010
As expected, we had a break and a strong vertical move. In today’s free video we recap Tuesday’s session, look at some nice short trades from Tuesday, and set the stage for Wednesday’s session:
Click here for Tuesday’s Free Video. (The daily free video is a sampling of the 15-20 minute video in the Member Center.)
Free Market Recap Video For Monday, June 28th, 2010
We’re looking for a potential break after today’s consolidation. With the general down bias, chances are the break will be lower. However, here are the levels to watch heading info Tuesday’s session.
Click here for Monday’s Free Video. (The daily free video is a sampling of the 15-20 minute
video in the Member Center.)
Why Do Most Day Trading Systems Fail?
As you’ve probably seen before, most traders, and most trading systems
ultimately fail.
Obviously the mental side of trading and the ability to control one’s emotions
is a critical factor.
But beyond the mental side, why do most trading systems fail?
A New Way Of Looking At Trading Discipline
As traders we all know that discipline is important. But what exactly is
trading discipline?
You’ve probably had it drilled into your head that to be a disciplined trader
you must follow your ‘system’ at all costs.
Is it any wonder that most traders spend the majority of their time trying to
find the one best entry and exit system? Of course not. It actually makes
perfect sense.
Then again, is it any wonder that most traders lose money?
What if it was possible to look at trading discipline in an entirely new and
more empowering way?
(more...)