Trading has been around since the Japanese Rice Traders developed the Candlestick Trading System. Like other systems the candlesticks were pretty simple. Now, according to Steve Nison, one of the Candlestick guru’s who have written extensively on the subject there are now over 57 candlestick formations, Trying to trade all of them becomes another impossible task.
Mental Discipline
August 26, 2013 By
I get many emails from students and others who constantly tell me they cannot follow their own system. They lack the discipline to follow what they have previously set. This manifests in several ways. First is Over Trading where they jump the gun. The second is waiting too long and always looking for extra confirmation.
Evaluating a Futures Trading System
August 16, 2013 By
Every futures trader has a system. In fact, when you trade there will always be another trader on the other side of your trade who is expecting to make money using a directly opposite system. So how do you effectively evaluate a system to gauge its usability and work-ability, particularly if you’re going to plunk your money down and buy it? Set up a test following these guidelines to evaluate the trading system. [Read more…]
Trading Success Formula
August 12, 2013 By
Trading is a process, much like building any business. There is a pattern of success that must be followed, a sequence of events if you will just like starting your car. You do not need to know how the carburetor works or anything about the engine timing. It either starts or not. All you know is that you turn the key and you have power if everything works in the right sequence.
