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The Power of a Trading Group
As a trader you most probably have had the opportunity to join or watch recorded trading group sessions. A trading group can range anywhere from two to as large a group as you feel will be of benefit to you and the group members. A trading group can consist of a...
Are You Fatigued and Tense at Your Trading Computer?
If so, here are some tips and tricks which could make you feel better… If you are feeling fatigued and tense, step back and take a break. Take it easy on yourself. Maybe you are spending too much time in front of the computer. Learning the art of trading can be a...
How Put Insurance Can Benefit Your Portfolio
You insure your house. You insure your car. Do you insure your portfolio and/or your positions? There are many differences of opinion among traders as to the benefit of insurance on your positions, or your overall portfolio. This article will touch on some of the...
Backtesting – Is it Worth Your Time?
Some traders are of the mindset of "what good is backtesting if it doesn't always replicate real-life trading?" It's true that backtesting isn't the same as live trading. It doesn't recreate all the emotions and the market conditions such as low-volume days when you...
Interactive Brokers Order Management
I've used Interactive Brokers for many years. I still prefer the Classic Trader Work Station (TWS) probably because I've used it for over 10 years. A friend of mine was telling me that he was making order entry mistakes of occasionally buying when he wanted to sell or...
Have You Ever Been Tempted to Adjust Before Your Plan Dictates?
Most traders have been guilty of over-adjusting a position at one time or another. There are many reasons we have fallen prey to making premature adjustments outside our trade plans. This article will touch on some of the reasons a trader pulls the trigger before the...
What Do You Do When Fear Takes Over?
When faced with danger, fear is a normal emotional response. When fear is present, it is normal human behavior to be primed for flight or fight: running away from the source of the danger, or stand up to it and face it. Sometimes, however, the dangers we face are not...
How to Speed Up the Playback of a Wistia Video
Many of our members like to speed up the playback of videos. YouTube has this feature built into their player. Wistia does not (yet). I've read that Wistia will be including speed control in their player in the future, but until that feature is ready, you can use a...
The Time Bomb Butterfly Versus Vertical Spread
Mark Fenton wrote an article about the Time Bomb Butterfly. Mark said "one of the best butterfly strategies is the time bomb butterfly." There isn't one best strategy as each strategy has its pros and cons. The time bomb butterfly suffers from a very low probability...
Stay or Go – When is it time to exit rather than adjust a trade?
You've followed all the proper guidelines before pulling the trigger on a particular trade. You've watched carefully for signals that have worked for you in previous trades. You've waited for the price and volatilities to come to you. You've waited for the right...