Social Security Benefits Social Security is a cornerstone of the retirement plan of many Americans. Not many people really understand how this system was set up, or how it really works. If you’re planning on relying on Social Security for funding in your retirement, however, it’s a good idea to have a firm grasp on […]
Start Where You Are: A Life Lesson A few years ago, when I was first beginning my journey into day trading, I saw this movie titled, “The Pursuit of Happiness”. I am sure we all have seen or heard of that movie so I won’t spend much time talking about it but just for reference […]
The Trading Process: Know What You Are Doing What I am going to say here can be interpreted as a very easy concept. At a first sight, it may appear even obvious to most of you. What you may not realize, though, is that this is one of leading factors for new traders to the […]
Ed’s Trading Station I have been asked a few questions about how I have my station set up because it is a little different than most traders. Everything is powered by laptops. I think I did a post several months back on my set up at the time but I have substantially upgraded. I started […]
The Most Difficult Decision Whenever you’re thinking about pursuing a new career and especially if you start chasing something you can tell is quite uncommon from looking around, odds are that a number of questions like these will come to your mind: Am I going to fail? Can I make enough space (even quitting […]
The Trading Journey If you’ve started trading recently or you’re an experienced trader operating on the financial markets for many years, there is one thing you know for sure: handling emotions has been (or currently is) a big deal. Personally, I’ve encountered many obstacles on my path to get where I am today and, to […]
Many traders rely so much on technical indicators that they avoid or forget that all indicators are derived from price, so when you are using indicators you are adding an extra layer of analysis between yourself and price. Technical indicators are like different colored lenses, each one offers a different view, but the clearest view […]
When we think about the true definition of a sniper a few key points come to mind. An elite sniper is one who has complete control over both physical and psychological states in high stress situations, highly proficient and skilled with their weapons system, tactful and selective in their approach, and their heightened state of […]
Patience Pays in Day Trading Everyone has heard the statement “Patience is a virtue.” Well, I am here to attest to the truth behind the saying while day trading the markets. Day trading requires an extreme amount of focus while making important decisions that often occur in split seconds. Simultaneous analysis of Market conditions, charts, […]
