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I am always studying my trades to learn what separates my best trades from the rest of the pack. In addition to techniques like Acceleration Bands, CCI, Percent R and Momentum Divergence, I have noticed that many of the biggest trends I rode were also confirmed by an indicator called the Efficiency Ratio. I refined the Efficiency Ratio as an actionable technical indicator...
Often when we seek answers to combat the chaos of trading, it helps if we ask the right questions. Read on below for my Top 10 trading questions: 1) How you will enter trades? The key to good entries is putting on trades where there is relatively low risk compared to much higher reward. You also should have a clear...
The process of creating a successful system takes discipline, precision and, time. All successful trading systems must survive BigTrends' rigorous benchmarks. In this report we will discuss the key components to creating a successful trading system. The process of creating a system is not easy, that's why I am sharing with you my breakthrough findings on key points to help...
A look at Elliott Wave Theory The Elliott Wave Principle focuses on the behavior of humans and how that behavior impacts the stock market. Rather than acting in an unpredictable manner, Ralph Nelson Elliott (in the late 1920s) noticed that the market actually ran in repetitive cycles – which were a result of investors' reactionary behavior to outside influences. The...
The Art of Self-Management One of the easiest mistakes any trader can make is not a 'trading' mistake at all. Rather, the mistake is complacency with his or her trading skills and knowledge. Unfortunately, trading is not like riding a bike – you can (and will) forget how. Obviously you'll always know how to enter orders, but the efficiency and...
Beliefs of Successful Traders vs. Unsuccessful Traders What separates a long-term successful trader/investor from an unsuccessful one? One of the main components is "mental game", as well as being systematic and organized. These are some of the traits and practices that I've found are in line with success: Mindset and Practices of Successful Traders: The markets provide an opportunity The...
Your Attitude Is Everything One of the lessons trading has taught me is that the right attitude helps create the conditions to reach your goals. I am often tested on the importance of the right attitude, as I sometimes find myself falling into old patterns of hurry, stress or negativity that come with approaching deadlines. When I found myself feeling...
Risk and Reward Realities Think you know about risk and reward? Many traders use the target price and the stop price as their model of risk and reward, and leave it at that. However, they may be missing or forgetting about an important risk/reward concept. Read on about this other important component to your trading arsenal. The concept of a risk/reward...
Discipline is one of the hardest areas for most traders. I wanted to pass along some notes I've taken from a book about the mindset of successful trading. I've always been a fan of Mark Douglas' work — my copy of his initial book on trading psychology, The Disciplined Trader is thoroughly marked up, thanks to Douglas' many innovative ideas...
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