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 […]
Time and sales (AKA the tape) is a tool that shows every trade that has been executed along with the size and time for that trade. In the image below you will see that there are green and red prints along with white prints, time of trade and the size on the right. The […]
The Average True Range is a trading term used to the measure the volatility of a stock or index. It’s a technical indicator that tells us the average price range a stock typically trades in and was first introduced by Welles Wilder. It calculates the average price range over a given period time, usually for […]
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 […]
A market maker is a broker-dealer who has been certified, and/or has met capital requirements, to facilitate transactions in a particular security between the buyer and sellers. They typically hold a lot of inventory of shares in that security so they can fulfill large amounts of orders in a moments notice. How Market Makers […]
What are Level 1 Quotes? Level 1 quotes are a type of quote for a stock that provides three basic data points: The last price traded The current highest bid price The current lowest ask/offer price They’re called “level 1” quotes because there’s three levels of quotes in the US stock market. Level 1, […]
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 […]
