Does trading get you angry? We all get angry trading at times. Maybe the market moved unexpectedly and you blew your top. Perhaps your stop was taken and the market moved in your direction, but now you’re not on board! Maybe you became distracted and missed a great trade. Many things in trading can get you angry. You can’t always avoid it. Anger is a natural human … [Read more...]
Are You Trading for Comfort?
One of the most basic of human instincts is to avoid pain and to seek comfort. This makes sense. No one wants to experience pain; we prefer pleasure and comfort. In trading, however, pursuing what’s comfortable is frequently not a good idea. Trading for Comfort There are many examples of trading decisions that are made for comfort but turn out to be the incorrect play. … [Read more...]
Trade the Market Bar-by-Bar
Trade the Market Bar-by-Bar Being able to tade the market bar-by-bar can add exceptional value to the trader, even if that trader uses indicators like moving averages, MACD, and the like. With some study and practice, price action can help the trader determine the likely next move of the market. Let’s look at the recent price action in the S&P e-mini futures (ES) that led … [Read more...]