A stop-loss order limits the risk of a trade. It is the best friend of a trader who wants to survive and realise his long-term potential profits. Most traders find comfort in having stop-losses to protect them. But often, they do not give much thought to how they set their stop-losses. To truly realise the […]
Archives for September 2014
4 Price Action Methods to Define the Intraday Trend: Part II
In the first part of this series, we discussed the role of price action in our analysis of the intraday trend. We also looked at two ways to define the intraday trend by combining simple indicators with price action. Now, in this second and final part, we will look at the next two methods to decipher the intraday […]
4 Price Action Methods to Define the Intraday Trend: Part I
For all traders, the trend is the big picture. It is the rising tide that lifts all. For day traders, the intraday trend makes the difference between a session of windfall profits and one of major losses. By trading along with the intraday trend, we are following the path of least resistance to day trading […]
Using Fear to Boost Your Trading Performance
Are you fearful when you trade? Or are you fearless when you trade? What is the link between your fright and your trading performance? “Fear” is often stated as one of the twin emotions that plague traders together with “Greed”. In fact, as long as this pair psycho-brothers are around, market behaviour will never change. […]
Trading the Markets like a Samurai
The modern world may no longer have room for samurais pledging their loyalty to feudal daimyos. But the discipline and focus of samurais may still have a place in helping us trade better. This article is inspired by this list of samurai quotes I stumbled upon. It has 12 quotes from the legendary Japanese swordsman, […]
