Featured Books, Software, Strategies, Indicators & other resources for traders
I just finished reading “Evidence-Based Technical Analysis” by David Aronson because a relatively new trader asked me to recommend books that taught or emphasized a more scientific and less “gut feeling” approach to trading and I think this book fit the bill. Aronson basically challenges everything we thought we knew about technical analysis. He says…
The legendary Peter Lynch gave us “One Up On Wallstreet” over 30 years ago and the concepts and specific steps that he laid out in that book are still very relevant today. Just in case you didn’t know, Peter Lynch, gained fame for his successful management of the Fidelity Magellan Fund from 1977 to 1990….
The book 100 to 1 In The Stock Market by Thomas W Phelps is perhaps one of the best books ever written on long term value investing. I just re-read this book and was once again reminded about the importance of thorough research, financial analysis, and a the need to take patient, disciplined approach to…
In the book “Trading in the Zone,” Mark Douglas outlined three stages of development of a trader. These are: What stage are you at now in your development as a trader? Not sure? Well read along and see if you can figure it out. The Mechanical Stage In the mechanical stage, the trader builds trading…
Kris Sidial is the CIO of Ambrus Group and perhaps one of the best minds today when it comes to the subject of Volatility and how to trade it. He has been featured here on this site before where we looked at how he manages volatility in the event of a market crash. Please do…
Macro The S&P Futures are down about 12 Points at the moment as buyers failed to advance above the 4550 area in yesterday’s session. The overnight high is 4503.75 and the overnight low is 4486.25. The sentiment coming into today’s session is Bearish. The US 10 Year Yield is @ 4.25% Stocks Toyota Motors (TM)…
The Fair value Gap is an area where price has been inefficiently delivered and as a result there’s a gap or an imbalance that’s present on the chart. This is important because at some point the market or price will come back to that area and will either trade up into that area or price will completely…
Asia Range refers to a specific time window during the Asian trading session where price tends to exhibit certain characteristics that traders may look to capitalize on. The Asia Range is typically the period of time during which the forex market is relatively quiet and lacks significant price movement, and it occurs during the Asian session,…
AMD refers to three phases or stages that are believed to occur in the price action of financial markets, particularly in forex trading. Accumulation: The first phase, also known as the “smart money” or “whales” phase, is when large institutional traders, market makers, or smart money are believed to accumulate a particular asset at lower…
I recently came across a trading system that pretty much only trades Tesla (TSLA). The system has only been around for about 1.5 years but it has been putting up really good numbers as it registered a 94% return last year and is +31% so far this year. After a few weeks of tracking the…
Topstep is a proprietary trading firm that hires traders and provides them with capital, risk management strategies, coaching, and support to help them succeed in trading. The firm will pay you using a profit split model, where traders keep 100% of profits up to $5,000 and 80% thereafter. This model aligns the interests of both…
The trading strategy that you are about to see has been making money for many years and currently has a 76% win rate under normal market conditions. Make sure you test it out for yourself after you read this. It can be used for both Day Trading & Swing Trading, so I am going to…
If you have ever spent any time trying to learn or understand the ICT trading method then you will know that is full of terms and acronyms that can make it difficult to sift through and digest the info especially when all the acronyms are scribbled on a chart. Below is a list of the…
Inner Circle Morpheus is an acolyte of the ICT Trading system and one of the most helpful traders in terms of sharing knowledge and experience. He took some time to roll back the curtain on the ICT Candle counting method and it is reposted here, in his words, for your benefit. The Purpose of Counting…
Bao Nguyen aka Modern Rock is a veteran trader and one of the founders of a trading education outfit called My Investing Club. He has made his money shorting low float stocks and is undoubtedly one of the best in the game when it comes to this strategy. The practice of shorting low float stocks…
I first came across the ICT Trading concepts via Twitter and initially brushed it off as another round of BS ( I have seen many in my time) but after a conversation with someone who has been following this system for some time, I decided to take a closer look and soon found myself going…
This trader is one of the few who consistently nails the important levels in the Emini futures and does so hours or days in advance. He is able to do this due to his deep understanding of Market Structure and Order Flow. This knowledge largely comes from his years working as a market maker where…
Order flow is the art of getting information from the real time buying and selling data and using that information to make trading decisions. This, arguably. makes Order flow the purest form of trading because it doesn’t require any indicators or outside information. All the information you need is on the tape right in front…
Most traders tend to believe that once you have a good strategy then you can trade successfully and make a lot of money. Then there are others who think that if you have a good strategy + rules then you will be able to do well. But the truth is that your rules and strategies…
I have been trading for 18 years but I have only gone through three desks. The first one I bought from a “going out of business” sale at a local furniture store. The second one I got from my old job and my most recent upgrade is a standing desk that I bought online. I…
How Much Can A Day Trader Make A Day? When I just started trading the right way ( i spent a long time doing the wrong thing and losing money) I used to primarily Day Trade and at my very best I was making an average of $3500 per day when I was firing on…
How Long Should You Hold Stocks? This is also a question that new traders ask a lot. The answer is based on a number of things such as your risk appetite, your trading goals, your time frame, the strategy you are trading etc. There is really now one right answer but if there was to…
Do Day Traders Pay Taxes? Yes. Profitable Day Traders pay taxes. If you have a profit at the end of the year you have to pay short term capital gains. The rate you pay is based on your income bracket but it is usually capped at 37%.
What Qualifies You As A Day Trader? If you open and close your positions on the same day then you are a Day trader. In other words, if you buy a stock and then sell it by the end of the same day you are day trading and, if you do this on a regular…
Can You Day Trade With Less Than $25000? Yes you can but you will be subject to the Pattern Day Trader (PDT) rule. However, there are certain non-US based brokers that will allow you to Day Trade with less than $25k. Another way to get around the PDT rule is to trade Options instead of…
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