SMB Support and Resistance ScoreCard
An age-old trading problem to solve
There is a trading problem traders sought to solve when I started trading. (We don’t have to mention when that was if that is okay with you). There is a trading problem new traders needed to solve when we started our firm in 2005. There is a trading problem some new traders on our desk need to solve today. In … Read More
The Trading Secret to AVOID Getting Chopped Up (Death by 1,000 cuts)
Have you had the experience of ending up with a huge losing day by taking many small, small, small losses? If you have, then you’ve been chopped up by the market, and as I’m sure you know, it’s not pretty. It wears you down psychologically and financially. That’s why they call it death by a 1,000 cuts. And in this … Read More
The decisions you make about your trading business matter
The decisions you make about your trading business matter. To this point, I received the note below from a 7-figure trader on our desk. He was a 7-figure trader by his second year of trading. Not easy to do. Not often you see that. This is a very talented trader and person. Even for him his decisions about his trading … Read More
Garrett’s Extended Hours % AVOL Indicator for thinkorswim
Garrett’s Extended Hours % AVOL Indicator for thinkorswim ### inputs ### input AVOL_length = 21; input subtractFirstBarVolume = yes; ### daily AVOL ### def daily_volume = volume(period = AggregationPeriod.DAY); def AVOL = Average(daily_volume[1], AVOL_length); # AfterHours Volume def ah = getTime() > regularTradingEnd(getYYYYMMDD()); def firstAHVolume = if ah and !ah[1] then volume else firstAHVolume[1]; def ahVol = if ah and … Read More
Elite Trading Requires Setting Time To Have Fun
This tweet was inspired by an independent trader struggling to balance his personal life with his trading. He reached out for help. He wrote: I want to consult with you about a certain thing that I have not been able to change for two years, since I started trading and it bothers me a lot. I can not balance my … Read More