A Trading Plan for Swing Trading – Part 1 In the first installment of this article, we discussed the importance of having a well-structured business plan for our trading activity, no matter which goals we were pursuing. We also discussed the need to establish goals, which in turn would determine the procedures and parameters for…
In the dynamic world of trading, one of the most common pitfalls that traders encounter is the tendency to trade against the prevailing trend. Despite the clear advantages of aligning with the trend, many traders find themselves swimming against the current, often to their detriment. So why does this phenomenon persist, and how can traders…
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Trading markets have evolved dramatically in recent decades, yet stocks continue to offer unique advantages that make them my preferred trading instrument. While I’ve traded across multiple markets – futures, forex, options, and cryptocurrencies – I consistently find myself drawn back to equities. Let me share why, and perhaps challenge some common misconceptions along the…
Read More “Why Stocks Remain the Ultimate Trading Vehicle: A Deep Dive” »
Embarking on the journey of trading is akin to navigating uncharted waters, and at the heart of this expedition lies the indispensable practice of scanning. While the accumulation of knowledge over time shapes a successful trader, the ability to identify high-probability opportunities through effective scanning is the beacon that guides us through the markets. I….
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Let’s explore an important distinction in trading that often causes confusion. Scalping is a legitimate and potentially profitable trading style that focuses on capturing small price movements using larger position sizes. A skilled scalper typically operates on very short timeframes – often using 1-minute or tick charts – to execute their strategy. Scalping follows the…
Read More “Understanding the Art of Scalping vs Premature Exits” »
The current turbulent climate in the financial markets presents unique challenges for swing traders seeking to capitalize on short- to medium-term price movements. In times of heightened volatility, such as the present, swing trading can become particularly challenging due to unpredictable price gaps and erratic market behavior. However, with the right approach and risk management…
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When it comes to managing risk in trading, the debate over hard stops versus manual stops is a common topic of discussion among traders. At Live Traders, we firmly advocate for the use of hard stops within the trading system. We’ve seen too many traders fall victim to the pitfalls of using soft or flexible…
Live Traders Trained Traders understand that successful trading requires a systematic, disciplined approach—one that integrates a comprehensive understanding of market dynamics. At the core of Professional Trading Strategies (PTS) lies the Top-Down approach, which empowers traders to navigate the markets with precision and confidence. A key component of this approach is the analysis of sectors,…
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In the dynamic realm of swing trading, where precision and strategic decision-making reign supreme, Live Traders Techniques offer invaluable insights, particularly honed through the Professional Trading Strategies (PTS) course. As traders embark on the journey of capitalizing on price patterns for both income and wealth-building, the focus sharpens on crafting meticulous entry strategies that align…
Every trader knows the obvious risk of holding onto losing positions: you can lose more money. But beneath the surface, there are deeper, more insidious dangers that can cripple your trading career—sometimes permanently. Yes, there are legitimate reasons to hold a losing position, such as tax considerations or restrictions related to company stock. But this…
Read More “The Hidden Dangers of Holding Losing Positions” »
