This day trading blog will focus on stocks and Forex trading. But it also includes swing trading analysis for stocks and Forex.
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.
annotated charts gives examples of support and resistance for stocks and forex trading
This page will feature quotes from books that I think are worth reading.
Your day trading platform is the hub of your trading business, so here are some things to consider.
While day trading forex can be done, and I have done it, this article discloses some of the risk.
Bob Joiner offers several day trading services.
When you practice trading stocks, your day trading skills improve on several fronts at once.
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.
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...
Where can you find the best day trading charts? They may not come from your broker.
Day Trading Assumptions create risk for the day trader.
EUR/GBP flipped gears on Monday morning on this 30-minute chart.
What are the best stocks for day trading? The leader of a day trading chat room tells you.
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.
AXSM is moving up big in pre-market after news post of trial.
FAANG stocks charts face overhead resistance.
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.
The market plunge can be understood with various tools.
Stock Trading articles that get your started in the right direction.
Fed meeting starts today and markets are a little on-edge (to say the least) about this meeting. The linked article gives you more information about what's at stake.
I'm sure you've heard about the "Death Cross". Here's a quick article about it in case you're interested.
Here's a link to an interesting article on CNBC today. It discusses the impact of stress on making financial decisions. I also talk about this on this site at www.start-day-trading.com/trademindfully.html.
Bears and Bulls is a swing trading service by Bob Joiner
In one of my coaching calls today, I was talking with a member of my day trading chat room. He was asking me about one of the high probability trade set ups I had mentioned in the chat room. On this particular trade set up, he took a loss because the trade had moved against him and he was protecting his account. There is nothing wrong with this course of action. Every trade needs to have a stop. Otherwise, we let our losers run and we get into a bigger loss.
But sometimes, we exit a losing trade prematurely. Here's what happens...we look at our account and we see red. We see that we're losing money on the trade. We place our eyes on our brokerage statement and on the negative P/L. With this as our focus, our emotions follow suit. Our emotions become full of fear and angst. This creates a physical and psychological need for some kind of relief...like the kettle letting out steam...the pressure needs to be find an outlet. We have created this need for relief because we have focused on the P/L and the resulting emotions, and we have lost sight of the charts. We are no longer trading the charts. We are no longer using technical analysis as the basis for our exit. We have succumbed to our need for relief from the pressure that we created within ourselves due to the fact that we have misplaced our focus and placed out attention on our personal fear of loss rather than upon the charts and the strategies that tell us whether or not to exit the trade at this time.
I hope this is helpful. That which you focus upon will greatly determine the emotions and decisions you make as a trader. I am NOT saying to hold onto every losing trade. I am saying to look at what you're looking at. Where is your focus? Is it on your P/L and the resulting emotions (good or bad)? Or, are you looking at the charts and making your trade decisions based upon solid technical analysis and your proven strategies?