Bob Joiner's Day Trading Blog

This day trading blog will focus on stocks and Forex trading. But it also includes swing trading analysis for stocks and Forex.

Sep 29, 2019

Annotated Charts

annotated charts gives examples of support and resistance for stocks and forex trading

Continue reading "Annotated Charts"

Sep 26, 2019

Probability and Certainty in Trading

There is a difference between probability and certainty. All we can do is approach each trade with full acceptance of the fact that anything can happen. A trade, that looks qualified now, may become unqualified prior to hitting your stop. If you know your system works and you live by a proven, highly traded chart-based strategy, then a trade that takes this course of action needs action, not inattention. Often, when a trade doesn’t go our way, we forget about it. Ignore it. Move it to the curb of our attention and “hope” that it eventually works out.

The most difficult thing in trading is to challenge yourself when you see this happening with yourself. Do not be lulled to sleep by the period of consolidation. There will be a break-out, eventually, in one direction or the other. And your best action is to pay special attention to those trades that are moving sideways.

If a stock was qualified and then it started to do “nothing”, then it is in gestation until the next move. But a change is coming to the trade and you must have the nerve to take the loss if that is the right thing to do.

These tough decision trades are the ones that can break a trader. But, if you learn to be nimble and objective and decisive, then you can maintain extremely small losses compared to your gains. So, be careful out there! Be prepared the exit the trade, whether you are right or wrong on about the eventual direction.

Sep 25, 2019

Want free access to a private group of Forex traders?

I'm considering a pretty outrageous idea...and I want to get some feedback.

Let me give you some background. I have a course based on the technical analysis of the currency market. Part of that paid course is a private group of Forex traders who have access to my trade set-ups, charts, trend scans, etc. for the Forex market.

So, the crazy idea is to give away access to that special group on Slack, but, minus the course access and minus the cost. So, watch me trade. See my charts as I post them to the group. Do it all for free. Plus, other members can contribute, ask questions, etc. Later on, if you want to access to the course, then you can use some of your trading profits to pay for it later on.

It is my belief that a group of traders, who are all using strategies and charts, can help each other make better trade decisions and therefore more profit.

This group is located on Slack, so you have access to it at any time during the day or night. But it is by invitation only.

To get access, click the link in this post and send me your request to join the group and let me know how long you've been trading Forex.

By the way, I don't know how long I'll keep this idea open. So, if you're interested, then send me a message soon.

Thanks,Bob Joiner

Continue reading "Want free access to a private group of Forex traders?"

Sep 17, 2019

Trade Management

Technical analysis is just part of the solution for successful trading. We must still manage the trade based on an unbiased view of the charts.

This unbiased view is much more difficult when our money is at stake. We find ourselves arguing the case for our trade rather than accepting the fact that the charts have changed and they no longer support our original thesis and our trade. The sooner we can accept the loss and trade the opposite direction, the more often we can negate our losses and continue to grow our portfolio.

Developing this type of stop and reverse trade and making it a habit helps us maintain our technical edge. But, if we throw out this analysis and hide our heads in the sand, refusing to even look at the chart because we know it will not support our held trade, then our denial will usually result in an even greater loss.

Sep 02, 2019

Services by Bob Joiner for traders

Bob Joiner offers several day trading services.

Continue reading "Services by Bob Joiner for traders"

Aug 18, 2019

quotes from good books

This page will feature quotes from books that I think are worth reading.

Continue reading "quotes from good books"

May 29, 2019

Forex Trade Alerts

On this Forex Trade Alerts page, I post the trend + momentum for weekly, daily, and 4-hour charts. There's a video at the bottom of the page that explains it.

Continue reading "Forex Trade Alerts"

May 04, 2019

stop loss

A stop loss is a pre-determined method for protecting us from the unexpected. This page covers some of ways this can help us as traders.

Continue reading "stop loss"

Apr 28, 2019

Swing trading vs day trading

One of the questions that traders ask is "Should I be swing trading or day trading?" I recorded a video that goes through five questions you can ask yourself as you attempt to answer this question. You'll find the YouTube video link in today's post.

Continue reading "Swing trading vs day trading"

Apr 08, 2019

Day trading platform

Your day trading platform is the hub of your trading business, so here are some things to consider.

Continue reading "Day trading platform "

Mar 24, 2019

day trading forex

While day trading forex can be done, and I have done it, this article discloses some of the risk.

Continue reading "day trading forex"

Feb 27, 2019

Practice Trading Stocks

When you practice trading stocks, your day trading skills improve on several fronts at once.

Continue reading "Practice Trading Stocks"

Feb 26, 2019

Copy This Trade

Can you copy this trade? Many traders don't have the time to do the research necessary to find good trade set-ups. Other than lack of time, they may also lack a proven system for finding daily, high-probability picks.

Continue reading "Copy This Trade"

Feb 14, 2019

Day Trading Mind

Developing a day trading mind takes time. New traders are often frustrated when trades move against them and the trader has to learn to regulate his emtions...

Continue reading "Day Trading Mind"

Feb 08, 2019

Day trading charts

Where can you find the best day trading charts? They may not come from your broker.

Continue reading "Day trading charts"

Feb 07, 2019

Day Trading Assumptions

Day Trading Assumptions create risk for the day trader.

Continue reading "Day Trading Assumptions"

Jan 28, 2019

EUR/GBP

EUR/GBP flipped gears on Monday morning on this 30-minute chart.

Continue reading "EUR/GBP"

Jan 14, 2019

Stocks for day trading

What are the best stocks for day trading? The leader of a day trading chat room tells you.

Continue reading "Stocks for day trading"

Jan 08, 2019

ROKU moving up

ROKU had a big move higher in yesterday's market. I posted it as a high probability long in yesterday's chat room. Here's a link as to why this stock could continue higher.

Continue reading "ROKU moving up"

Jan 07, 2019

AXSM - penny stock gaps up on news

AXSM is moving up big in pre-market after news post of trial.

Continue reading "AXSM - penny stock gaps up on news"

Jan 06, 2019

FAANG stock charts

FAANG stocks charts face overhead resistance.

Continue reading "FAANG stock charts"

Dec 30, 2018

Trading for a Living

Many new traders want to know if "trading for a living" is possible. Or, more precisely, "Can I pay my bills as a full-time trader?" Read the article.

Continue reading "Trading for a Living"

Dec 28, 2018

Why did the market plunge in late 2018?

The market plunge can be understood with various tools.

Continue reading "Why did the market plunge in late 2018?"

Dec 22, 2018

Stock Trading Education

Stock Trading articles that get your started in the right direction.

Continue reading "Stock Trading Education"