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The Cost of Greatness
So, you want to be a great trader. The one who sits down, brimming with confidence, tunes out the market’s chaos, trusts their gut, and walks away from every session with zero regrets—win or lose. Everyone says they want this. But that kind of confidence isn’t handed out. It’s earned. And few are willing to...
The Art of Walking Away: Understanding the True Psychology of Trading
Trading is fundamentally about understanding both the technical and psychological aspects of the market. While anyone can become proficient at reading charts with dedication and understanding, many discover that this skill alone doesn’t automatically translate to profitable trading. There’s often a frustrating period where you have the right analysis on your screen but can’t consistently...
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A Trading Plan For Swing Trading – Part 3
A Trading Plan for Swing Trading – Part 1 In this third presentation, we’ll discuss the part of the Trading Plan that deals with how and what to trade. As incredible as it might sound, many novice traders find the utmost difficulty levels when dealing with this subject. But how can this be? Tactics are...
Mastering the Art of Trend Trading: A Blueprint for Success
In the dynamic world of stock trading, mastering the art of trend analysis is often the difference between success and failure. Yet, despite its fundamental importance, many traders find themselves systematically trading against the trend, inadvertently sabotaging their own success. So why is it that traders often overlook the power of trend analysis, and how...
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Intuitive Trading: A Double-Edged Sword
Have you ever been holding an open position and thought “I should sell this before the price goes down and my stop is hit”? Do you ever wonder where do those thoughts come from, and how can they be so accurate at times? These thoughts are the realm of intuitive trading. Some traders are more...
Master Day Trading by Learning the Four Pictures of Power
In the intricate world of trading, where every decision counts, the pursuit of an ‘edge’ is relentless. Traders, from the nimble intraday scalp trader analyzing the 1-minute chart to the astute long-term core trader scrutinizing monthly charts, share a common quest for a strategic advantage. This pursuit finds its answer in the ‘Four Pictures of...
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A Trading Plan For Swing Trading – Part 2
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...
Mastering the Art of Trading with the Trend: A Path to Profitability
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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Why Stocks Remain the Ultimate Trading Vehicle: A Deep Dive
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...
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The Art and Necessity of Scanning in Trading: Unveiling High-Quality Opportunities
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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Understanding the Art of Scalping vs Premature Exits
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...
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Navigating High-Volatility Markets: Strategies for Swing Traders
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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The Case for Hard Stops in Trading
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...
Mastering Market Analysis: Leveraging Sectors for Trading Success
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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“On Time” vs “Late” People
There are two types of people:• On time people• Late people “On time” people will always find a way to be on time unless an entire sequence of awful events takes place because there’s something inside of us (yes, I’m one of them) that makes it so, so unacceptable to not keep the time agreement....
Mastering the Art of Swing Trading Entries
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...
The Hidden Dangers of Holding Losing Positions
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...
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Trading Like a Leopard: Patience, Precision, and High-Probability Setups
You’ve heard the analogy before: A leopard can run up to 60 miles per hour, but it doesn’t sprint aimlessly across the savanna. It hides, it waits, and it targets the weakest prey—the one with the highest odds of success. This isn’t about speed. It’s about odds. Whether it’s a leopard stalking a gazelle or...
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Embracing Accountability in Trading: A Journey to Success
Embarking on a career in trading is akin to navigating uncharted waters — challenging yet incredibly rewarding. This accountability reminder serves as a compass, guiding you through the tumultuous but fulfilling journey of trading. Recognize that while trading presents immense freedom and flexibility, it demands an equally great sense of discipline and responsibility. I. The...
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Mastering Stop Placement: Tight vs. Wide Stops
Professional trading at Live Traders revolves around identifying quality price patterns with favorable odds and establishing a strategic plan to execute trades. Central to this approach is the concept of stop loss levels, essential for safeguarding capital and ensuring longevity in the market. However, the debate between employing “tight” or “wide” stops often leaves traders...
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