WHAT'S THE BEST TIME INTERVAL FOR DAY TRADING? THE 5 RULES: * The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade. * This is from entry to protective stop. * If holding overnight, then is risk of your hedge. * Keep going smaller in time interval, and find what the risk is on 80% of those trades and if it’s more than 2%, then you have to go to a shorter time interval. * Avoid the noise. Make sure your patterns and...

The other day, I was asked “How can a little guy like me make money in the markets? Is it even possible?” I understand the question. In a world where power is controlled by: * Big government. * Big business. * Where big money talks and can even buy you justice in the courtroom. It can be hard to believe that people like you and me stand a chance. People root for underdog. * David vs. Golliath. * Mom and Pop shop vs. Walmart. * Rocky Balboa vs. Apollo Creed. *...

The Market Took All My Money! Successful Trading is in Your Control - Learn How Now. "Extreme Ownership" is the opposite of entitlement. Take control. Being in control requires responsibility, so many of us prefer to say that things are outside of our control. Examples of: Scam alert websites. Ripoff report websites. No, your'e not a victim – you participated. You may have been drawn in by a “sounds too good to be true” offer you wanted to believe, even though you already knew, "if...

Trading is a business of probability. Every trader will take losses, so we need to use protective stops. Many traders take profits quickly but hold on to losing trades - it's human nature. We take profits because it feels good, and we try to hide from the pain of losses. 3 BAD TYPES OF PROTECTIVE STOPS: * Above/below support/resistance. This can be previous highs/lows, pivot levels, Fibonacci, etc. Too obvious: Stop running. S/R aren’t lines but zones. * Percentage...

Many say there’s no such thing as a leading indicator. They even take pride is saying they only use pure price action and volume. I’m not sure why they think that’s so impressive: * They say that all indicators are lagging and that they only plot what’s already been done in the market … and that’s true. * But that’s also true of price action. * And that’s also true of volume. So what is the leading indicator and why is it a leading indicator of what the market is likely...

Improving your trading with a New Year's Resolutions, or any other time! * Marcus Lemonis, star of CNBC's "The Profit," doesn't wait until the beginning of the year to make resolutions: * "I don't know that I make specifically New Year's resolutions. I think I typically make a new resolution when something bad happens or I have a failure or something doesn't go the way I think it should," * "I almost have this reset and I don't use the calendar year as a time to do that. I use a...

Which is better? Day trading or swing trading? Each has advantages and disadvantages. Here's a comparison chart to help you decide which may be a better fit for you: DAY TRADING DEFINITION: * In and out during open outcry hours. * Use intraday charts. SWING TRADING DEFINITION * Hold 2-14 days. * Use daily and weekly charts. DAY TRADING ADVANTAGES: * No overnight risk. * Overnight you have peace of mind. * Can compound your money faster. DAY TRADING...

In today's episode I interview my friend Fausto Pugliese from CyberTradingUniversity.com Fausto Pugliese was one of the original Day Traders of the early 1990s and one of the first independent traders to take advantage of the Direct Access Trading technology boom in 1987. He acquired a wealth of knowledge from years of hands-on experience, beginning in the trenches, working side by side with some of the most practiced and successful traders in the industry. After spending considerable...

When learning a new trading method, stick to it exclusively without adding anything else you’ve previously learned. I see this when students send me their charts and there’s lots of other stuff on the charts. Therefore they are not trading my method. They’ve created their own hybrid method and I haven’t tested that. Educated Amateurs Step one is to “unlearn” * Beliefs in mind:a. Trade in direction of trend of the longer time frame. b. Overbought and oversold. c. Trend is...

Is Bitcoin the Next Big Thing? CLICK HERE FOR THE FREE BITCOIN SPECIAL OFFER In the last episode I invited you to write me with your questions and the #1 question that came in was about cryptocurrencies. When you think of cryptocurrencies, most people think of Bitcoin. But there are 1,000s. I’d say 95% of them are ripoffs, or at least junk. Ethereum and Litecoin and a handful of others may have some future, but the big daddy is Bitcoin and that’s what the world is rallying...

TECHNICAL ANALYSIS HERESY OF THE DAY: Don't trade in the direction of the trend of the higher time frame. * What do I mean by multiple time frames? * The traditional teaching. * Why that isn’t “optimal” * Why you could get away with it in the past. * Why you can’t get away with it now. * My “heretical” teaching. * Use momentum instead of trend on the higher time frame to confirm your trade on the lower time frame.   Get my free gift for you,...

In today's episode I interview long-time stock trading friend Ken Calhoun from "Trade Mastery." Ken day trades and swing trades, looking for stocks that are breaking out with strong moves. Ken Calhoun is the president of TradeMastery.com and StockTradingSuccess.com (with Steve Nison). Having provided online training to active traders from over 32 countries since 1999, he is an internationally published trader who’s earned industry acclaim for his professional trading systems. Mr....

My very first guest to be interviewed on this podcast is Etienne Crete from "Desire to Trade." He swing trades the Forex market, watching 15 pairs on multiple time frames, with an emphasis on looking at significant support and resistance zones and Bollinger Bands. His initial interest in trading began as a university student and he shares with us the biggest lessons he learned during his 2 year journey to becoming a successful trader. Here are just a few of the things discussed in...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They're also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They're also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They're also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that...

Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They're also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results. It’s a mini-course that contains...

Because this podcast is brand new, I’m going to be extra generous and give you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These Top 10 Trading Rules came from the street – Wall Street to be exact! These are 10 things I changed in my trading to become successful over the last 50 years. Yep, you heard that right, I’ve been trading for 50 years. These are also the top 10 things that have helped my students shift from move from losing money to making money. Bottom...

Because this podcast is brand new, I’m going to be extra generous and give for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These Top 10 Trading Rules came from the street – Wall Street to be exact! These are 10 things I changed in my trading to become successful over the last 50 years. Yep, you heard that right, I’ve been trading for 50 years. These are also the top 10 things that have helped my students shift from move from losing money to making...

As the author of "Trend Trading For Dummies" (Wiley), I distilled the principles of trend trading to a simple formula. However day trading, swing trading and investing requires knowledge if you're going to be successful. Here's how trend trading can help you become successful in your trading.

Day trading and swing trading participants alike get frustrated when professionals run their stops in the stock market, forex and futures. This video will show you how to avoid having that happen to you ... and even make money when they do it.

Day Traders biggest challenge is often trading too many low-probability trades.As day traders we love to trade, so it's hard to hold back and wait for the best, highest probability setups.This second of a two-part series provides you with practical down-to-earth specific techniques (tested on myself and hundreds of other traders) to overcome over-trading once and for all ... leaving you trading only the best, most profitable trade setups.