Ever been in one of those conversations with a friend who doesn’t know how to filter his story and includes the kind of detail about a hot date that you really didn’t need to know? We all have. Your friend just painted a visual picture of details that not only provides absolutely no value to you whatsoever, but can even … Read More
Forex Introducing Brokers: Bad or Value Add?
Ask most new forex traders if they know what an introducing broker is and the answer you get is usually a blank stare. If you want to get somewhere in any business, it really pays to be familiar with even the smallest of details. In the retail forex business, understanding the role of your forex broker can affect what strategy … Read More
Three Ways to Identify a Choppy Market
Not all trading days are created equal. As much as we would like to walk into an exciting market each day, we need to look beyond our impulses and really pay attention to the subtle hints that the market offers each day in terms of what kind of day it can turn out to be. It’s important to have an … Read More
A Great Note I Received From One of My Mentoring Students
Seth – When I was in the military, I was assigned as the unit trainer (started with 70 soldiers). To give a little more detail, I was a lieutenant in a patriot missile battery. When we would train, it would be three different platoons in one confined area, all training toward one objective (getting our site, missile launchers, and engagement control … Read More
Traders Ask- When Do You Buy? (Breakout Trade)
I received these questions from Reader Renato: Hi Mike, Hope this mail will find you well. I watched your stocktwits video on breakout trades (AEM trade). Since that is one of the setups I find most appealing, decided to ask you something. Very often, breakouts don´ t offer a lot of opportunities to enter the trade, since there is a … Read More
Question From a New Trader
I received the following inquiry from one of our talented new traders while going over our mentoring spreadsheet. “I took a pretty big rip late in the day in this stock and wanted to know if I got out of it the right way; there was a battle between 48.12 and 48.15 and I paid for 100 at 48.16 when … Read More
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