I try to do as many live trading videos as time allows. Today I took one trade for an average of 3.75 points. This trade is a good example of my "typical" trade. On average, my winners run for 3-5 points and take about 2-8 minutes to play out. This one took about 5 minutes. [...]
… I'd probably call it "pivot to pivot" trading. Not scalping, day-trading, and certainly not swing trading. While there are many styles of trading and hundreds of methodologies, the DTP (Daily Trading Profits) methodology is based on solid technical analysis and risk management techniques.
Back in the 80's and 90's scalpers typically made hundreds of [...]
Hey traders, today was pretty wild. We had a run to the upside in the AM session, which put in a large head-and-shoulders pattern that played out to the downside for about 40 points! There were a few high probability set ups that we identified in the live trading class and saw in the PM [...]
Jim Cramer's over the top antics have won him great fame on CNBC's "Mad Money." He has made horrible call after horrible call, leading many ignorant investors to financial peril. He told people to buy at 14,000, proclaimed the sub-prime crisis would have no effect on our economy, and flip-flopped on many opinions (even some on the [...]
This post is about something very near and dear to my heart. Growing up as
a military kid was an exciting and humbling experience; I was able to see
and experience things most kids will never know. I’ve had the honor of
being surrounded by men and women of great integrity who hold themselves to
the highest [...]