March 2010
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The 5 best Newssites for trading

There are millions of News sites on the web but a lot of them just repeat content from other sites, so which one is original and comes up with ideas that can really be traded? Here are a few we like a lot since these websites all have something we need for our trading style.


Leverage - your friend, Leverage - your enemy

Very often a customer wants to learn all there is about the futures markets. He is not interested in the opportunity to make money in equities, all he wants is to trade futures. Now, there are a few things to know about these markets and how to deal with risk when trading futures. Here are things you really need to know…


5 Tips to avoid Overtrading

Overtrading is one of the most overlooked mistakes you can make while trading. As a trader you want to make money any minute the market is open, this is understandable, but it doesn`t mean that you need to trade every opportunity that comes across your screen. Trade the most profitable ones and forget the rest. Here are 5 tips on how to spot and avoid overtrading.


How is your current attitude?

A While ago Brett Steenbarger posted a quite interesting questionaire at his Blog that helps you to define your curent attitude.


Trading Mistakes you should know about

There is always a tendency to make mistakes, especially while trading or investing. They are just not avoidable. We need to learn that we make them and we need to learn how to minimize negative outcome from those mistakes. You can start by


Flexibility

It needs time, till you can make proper market decisions. You need a good portion of experience for this and you have to know what is going on in the markets. But the problem is, that even if you are theoretically right with your interpretation of market events, you still have to remain flexible.


No excuses, stick to it

Every trader who wants to be successful needs a set of rules he acts on – a system. Most build their system over years with growing experience, others buy one. To discover what works and what doesn’t most traders test different systems during their trading career, till they find or develop one that fits them and brings the consistent success they searched for. But it is not easy to test a system, because there is one problematic factor involved in it – the trader himself.


Don’t act too early

Maybe you know those days, when you start with positive expectations and a big portion of optimism into the trading day. The news are good, the futures pre-market are in the green and some of your favourite stocks gained some points overnight. And you can’t wait to hear the opening bell.


Overnight positions

Today I want to show you how I create overnight positions in trending stocks. Like in every investment you first have to choose an initial risk stop that doesn’t threaten your account, but unlike intraday trades it is important for overnight positions to stretch the trading range.


Transportation in focus

On Thursday I discovered an interesting Article in the Wall Street Journal: “Transport Stocks Blaze a Path