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1) Uncovering Winning Trades
Author:
Leroy Rushing
Category:
Finance
The glory of trading is that there is always a million dollar return lingering right around the corner. Think back 15 years to the start of the 1990's bubble and how many millionaires were made in just a few years, and then look at all the wealth that was wiped away in 2001 and handed to the shorters. Just a few thousand dollars in the 90's hottest internet stocks would have made you a millionaire in less than 5 years. We're talking life-changing results here.
How to uncover winners</b...
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2) Trading Breakouts and Breakdowns
Author:
Leroy Rushing
Category:
Finance
Breakouts and breakdowns are extremely profitable, but mostly due to their rarity. A breakout of a trend is more likely to happen than a breakdown, where the price merely trades through the trend than with force. Profitable traders use breakouts to make large amounts in a short period of time.
Breakouts
Breakouts are forceful, usually happening from a sudden shift in positions. Many times, a breakout occurs when short sellers are fo...
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3) Navigating Your Trading Platform
Author:
Leroy Rushing
Category:
Finance
Understanding your trading platform is important to producing profits. A trading platform is the place of business for traders, where all the information of each trade is listed with charts, data, and newsfeeds for trading. In any market, and with any kind of trader, knowing your trading platform is extremely important. Your own trading style has much to do with the importance of knowing the platform. Scalping requires that you know exactly how...
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4) Enough Trading Knowledge to Make You Dangerous
Author:
Leroy Rushing
Category:
Finance
Knowledge is the key to trading. The only thing that separates those at the top and those at the bottom is a complete understanding of the financial markets and their day to day rhythms. Anyone can be profitable if they follow a proper strategy; it just takes patience and experience to finally win over the market.
Improve your trading
There are plenty of resources available to the beginning trader to generate profits....
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5) Thinking Like a Professional Trader
Author:
Leroy Rushing
Category:
Finance
Professional traders are confident in their approach and trading plan, and they make no compromise. It takes this kind of dedication and trading discipline to produce consistent profits in some of the most volatile markets of the world. Professional traders are backed with profitable trading strategies and a complete trading plan which gives them guidance and the ability to produce profits in any market.
The mentality of a professional tra...
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6) The Basics of Engulfing Patterns
Author:
Leroy Rushing
Category:
Finance
There are two types of engulfing patterns, the bearish engulfing or the bullish engulfing pattern. Understanding one of them is as easy as understanding both, as they are just opposites. The bearish engulfing happens at the top of the chart and is made up of a positive candlestick that is then engulfed by a negative candlestick during the next period. The bullish engulfing pattern is the opposite; it happens at the bottom of a chart and is made up of a positive candlestick that is then engul...
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7) The Basics of Volatility
Author:
Leroy Rushing
Category:
Finance
For the unseasoned trader, volatility can seem scarier than it is rewarding. Profitable traders are able to generate profits on volatile and slow markets alike, but the really big wins come from when the market gyrates up and down at a quick pace.
How to trade volatility
When the markets are on the fritz, strategies for gapping up, as well as strategies for gapping down, prove to be very profitable. Both are proven strategies that ma...
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8) What's Inside Relative Strength
Author:
Leroy Rushing
Category:
Finance
When stated in a mathematical sense, RSI seems more difficult than it actually is to both use and understand. To evaluate the relative strength by hand, the trader must know the formula for doing so. The RSI is simply 100 minus the quotient of 100 divided by 1 plus the relative strength. Relative strength is equal to the average gain divided by the average loss. The average loss should be stated in a positive number to make this work.
After looking at the math, it's no wonder that <a hre...
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9) Don't Give Back Profits
Author:
Leroy Rushing
Category:
Finance
To maintain a healthy bottom line, traders must learn not to give back profits. After racking up a very healthy trading portfolio, many traders get the idea that they are infallible and every trade will come as easy as the last. After gaining some experience, nothing should motivate traders as much as a trading plan that monitors trading structure, while helping the trader follow through only with quality trades.
Following through with a plan
To avoid a dip in account balance, th...
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10) The Do's and Don'ts of Shorting the Market
Author:
Leroy Rushing
Category:
Finance
The Do's and Don'ts of shorting is actually very straight forward, yet many traders heed this advice only to lose money. Shorting any tradable good is a dangerous position by nature; short sellers can lose more than their investment while potentially profiting only as much as 100%.
Both day traders and swing traders alike have much to gain from short-term short positions, which allow them to capitalize on the dropping value of a security. Often, it is a failing company or a bursting bubble...
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11) Treating Day Trading Like a Hobby Versus a Business
Author:
Leroy Rushing
Category:
Finance
First, let's start off by understanding that there is no such thing as a day trading hobby. Traders must have superior trading habits that come from knowing their strategies and their trading. Trading discipline and making only quality trades is something that comes from experience that can only be created from an active role in the financial markets. The active, professional trader is far more profitable due to experience and knowledge from con...
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12) 5 Important Aspects of a Trendline
Author:
Leroy Rushing
Category:
Finance
Trendlines are the classic heroes of technical analysis, forming the basic trading fundamentals for many portfolios. Trendlines are placed to forecast the future change in security prices. Trendlines plot out uptrends, downtrends and even sideways trends as a way to predict how prices change over time.
Subsequently, profitable traders make use of trendlines to predict movements and profit from the ups and downs of cyclical mark...
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13) The Unorganized Trader
Author:
Leroy Rushing
Category:
Finance
The unorganized trader is in a slightly worse position than an organized trader, but there are many tools meant for the unorganized trader that can improve returns. There are a few products out there that can turn even the most unorganized trader into an organized, profit making machine.
Trading plans
Developing a trading plan is usually the best thing that happens to an unorganized trader. Plans require a trader to become organized, putting their tools and techniques all on one pi...
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14) "Sitting on Your Hands" Trading Strategy
Author:
Leroy Rushing
Category:
Finance
Often times, the best trade is not taking one at all. Rather than expose yourself to risk, let the trades go while you formulate your plan and your trading goals.
Set and forget trading
The "sitting on your hands" strategy is best mixed with a "set and forget" approach. The set and forget approach is made up of a very short process: place trade, set stop losses, take profits, and then let the market do the rest. The sitting on your...
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15) Learn to be a Day Trader - Not a Daily Trader
Author:
Leroy Rushing
Category:
Finance
A daily trader focuses on trading once a day, while a day trader focuses on trading stocks throughout the day. Though in context the difference may seem small, the trading discipline and trading success that comes out of taking trading seriously is done best by day traders.
The active, professional trader
A daily trader is more interested in trading daily, not focusing on profits or on quality of trades, but merely the frequency. The active, professional trader is akin to a day tra...
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16) Feel the Fear of Being a Losing Trader
Author:
Leroy Rushing
Category:
Finance
Emotions are something that every trader fears, but they should also feel the fear of being a losing trader. Nothing is worse than consistent losses, particularly when the rewards of your labor are the sole earnings for the month. Many unsuccessful traders find themselves in a position wondering where their next meal will come from, and certainly it won't be from the thousands of dollars in losses that they have incurred.
Trading plan planner
A trading plan planner is the key to av...
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17) The Undisciplined Trader
Author:
Leroy Rushing
Category:
Finance
The undisciplined trader is likely to lose more than can ever be gained. Discipline is at the very basis of success in the market because traders need to be consistent in order to yield consistent profits. Granted, striking it rich every once in a while seems great, but consider the gambler than wins $50,000 one trip out of 50 and loses $2,000 every other time. Instead of profiting, they come out very much behind.
Trading goals
Wit...
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18) Are Moving Averages Really Simple to Use?
Author:
Leroy Rushing
Category:
Finance
Moving averages are used by amateur and professional traders alike for very rewarding results. Finding moving averages that work for you might be a difficult task, but after finding the "perfect pair," moving averages provide huge results with little work.
Moving averages can make up a whole strategy
Many profitable traders have built proven strategies around a few moving averages. Whether in an uptrend or downtrend, movi...
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19) One Chart is Worth a Thousand Words
Author:
Leroy Rushing
Category:
Finance
A chart is the trader's guide to ultimate profitability. For each trading style, from scalping and day trading to swing trading and long-term investing, a chart is worth a thousand words. Professional traders rely on their charts for consistent profits and for guidance on how to act next.
Charts and trading plans coexist
In many ways, a chart is as much of a trading plan as anything else. It maps out the history of the price in...
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20) Day Trading "Money Making" Machine
Author:
Leroy Rushing
Category:
Finance
Day trading can truly be a money making machine. Many experienced day traders can make more in a few seconds than what most people make in a week. This also comes with some risk, but for the trader armed with technical analysis and proven strategies, producing profit can result in consistent income.
Technical Analysis for Quick Trading
Technical analysis is to day trading as birds are to flying. Day trading is not so much investing...
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