I have two important lessons for you today. The fifth and sixth lessons in the Traders Whiteboard series are perhaps the most overlooked aspects to successful trading. Lesson 5 delves into how important it is to have a game plan for all your trades. Look upon a game plan as you would look upon a compass to guide you through a forest. The use of a game plan in trading is extraordinarily important and this lesson will show you why.
Lesson six explains how the markets really work and how moves are formed and developed. I call this lesson "The Irrefutable Laws Of The Market". I want this lesson to be the last lesson in this 6 part series simply because I thought the other five lessons were more important to master before understanding a more esoteric view of the market. Continue reading "Saving The Best For Last" →
Hello traders everywhere. It would appear as though the holidays are already here with very thin trading and very little action in yesterday's market. Sometimes when markets are in this mode, you have to be extra careful because volatility can kick in at any moment and drive a market sharply higher or lower because of lower trading volume.
I'm going to continue the same theme today as yesterday with two more trading lessons from the "Traders Whiteboard Series".
Let's take a look at what you're going to learn in today's lessons. In lesson 3, I am going to share with you the type of technical tools you should be using to trade in markets that are moving up, down or sideways. I think you will find this lesson very helpful in quickly showing you which technical tools to use and when.
In lesson 4, I am going to be looking at money management and stops. Recently the New York Stock Exchange announced that they would no longer accept stop orders to protect capital. I think this is a big mistake, however I think it was implemented because of the high frequency trading that has been hitting on all the orders. Personally I think it is a mistake to deprive investors of a way to protect their capital, however there are many other exchanges that do accept stop loss orders to protect your capital. You will also learn about the art of money management in lesson 4.
Here are today's two featured lessons: Continue reading "What To Do In Any Market Scenario" →
Hello traders everywhere. As we start this shortened trading week with Thanksgiving coming on Thursday, I thought it would be a good time to give thanks to you for your business and the trust you have placed in our company and services.
You may have heard the expression, "the more things change, the more they stay the same" and that same metaphor can be applied to today's markets.
A market can only do three things, it can go up, down or sideways, that's it! How many things in life do you know that are that simple? The problem we have as human beings is that we tend to overthink situations and the market certainly is a subject that is made complicated by overthinking.
This week leading up to Thanksgiving I'm going to feature a series of lessons to help get back to the basics and understanding what moves a market. Starting today, I will feature two lessons for you to watch and learn from. It doesn't matter if you're a novice trader just starting out, or a professional trader, sometimes it is just good to go through the basics to understand what makes the markets move.
The lessons come from a series of videos I did titled, "Traders Whiteboard." There are six lessons in all and we will go through them all by Wednesday of this week.
Here are today's two featured lessons: Continue reading "The More Things Change, The More They Stay The Same" →
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with Traders WhiteBoard Lesson 4.
Today’s lesson is perhaps one of the most important lessons we have in the Traders WhiteBoard series. I will share with you important information about stops and money management, so you can be successful in any market.
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This is the one lesson you do not want to skip. Lesson 4 provides you with the structure you will need to build and grow your bottom line in the future.
Today’s video runs a little over four minutes in length. My personal goal is that you find this lesson helpful, informative, and above all educational.
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with Traders WhiteBoard Lesson 3.
In today's lesson, I will share with you three important components of the market that are essential to be familiar with. I will also share with you several of my favorite technical tools that helped me become successful in all three types of markets.
For some, this may seem like a very basic lesson, but for me it goes to the very heart of every market. This lesson will help you create the building blocks you need to build a strong and solid trading foundation for your future.
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Put the power of the Trade Triangles to work for you
Every success in trading,