Today I’m going to do a little something different. I’m going to spoon feed you an Opening Range Trade strategy that can reliably produce sizable profits! If you’ve ever day traded, you know that any little tip or trick that delivers an opportunity is helpful. We want to be efficient when we’re at our trading…
This applies to all corners of our lives, personally and professionally. Let’s face it — we’re all human. We live and learn by design. Believe it or not, there’s a pretty simple formula for success. Unfortunately, most people manage to complicate it. Learn from yesterday, do better today … rinse and repeat. Some are born…
My mother played a huge role in my life, which I’m sure many of you can relate to. From a young age, I spent every waking moment with her. I was an only child until my first sister was born. You could imagine how I was not a happy little boy to share with mom.…
Stagflation happens when inflation exceeds economic growth, causing a “stagnant” environment. GDP increased 2.1% in 2022 after increasing 5.9% in 2021. While inflation recently peaked to a 40 year (12 month increase) high in June of 2022, coming in at a whopping 9.1%. Back in the good old days most companies offered their employees what…
It’s all too often that traders allow their pride to supersede their trade plan. It’s human nature to want to be right, but that’s not how you trade! Once you’ve developed a trade plan, it is vital that you stick to it. If you don’t you’ll be a wishy-washy trader which will cause A LOT…
Someone did something for me that I can never repay them for. It was something they said they “had to do.” Now in all honesty, I asked them not to do it, as I don’t accept things well. You see, I’ve been a giver my entire life. I find fulfillment and joy in seeing others…
That phrase is a well known saying in the finance world. It’s based on stocks’ historical underperformance between May to October. This idea was popularized by the Stock Trader’s Almanac, which found investing in stocks as represented by the Dow Jones Industrial Average from November to April and switching into fixed income the other six…
Particularly if you are a day trader! There will be many mornings where you’ll sit at your trading desk and never pull the trigger to place a trade. This is a difficult skill set to wait and be patient. Many are so caught up in the hustle and bustle of their lives that they can’t…
The markets are a lot like life: Some days are better than others. There’s no magic formula to life, to success, or even to happiness. It’s all a process and more often than not, a difficult one at that! Heck the medical field thrives on folks with anxiety and depression. There’s prescriptions to be written…
One of the biggest challenges I faced as a newer trader was learning when to quit. I’m not talking about quitting trading altogether (obviously). I’m talking about knowing when to close down your trading for the day… So that you can live to trade another day. Trust me, I know — the urge to keep…
