We all enter day trading for the profits promised in the seminars, right? But what do you do when your trading takes a turn for the worse. It is critical that you manage this phase of your trading, because if you don’t your trading career will be short lived.
Posts Tagged ‘average true range’
Day Trading Profit Secrets – 10 Tips to Manage Your Trading When You Are Having a Bad Run
March 5th, 2010 
How to Enter and Scale Out of an ES Emini Trade
December 29th, 2009 admin My observation is that most day traders buy and sell with market orders. This strategy tells your broker or platform to buy when you execute an order as soon as you hit the enter button on your computer and buy immediately at whatever price the market is trading. I want to qualify this before getting [...]
Posted in Stock Market 
Tags: average true range, contract, day traders, half point, market, range indicator, rare occurrence, Strategy, trade, trading 
No Comments »ES Emini Day Trading: Welles Wilders Continuing Legacy in Technical Trading
December 20th, 2009 admin Many years ago, early in my trading career, I began to gravitate from the straight support/resistance/volume trading systems and become interested in oscillators and other “exotic” indicators, as they were referred to at the time. Of course, Welles Wilder’s ‘New Concepts in Technical Trading Systems” was often discussed. The book was written in 1978. I [...]