A large volume of professional literature has been published on the benefits of journaling, particularly in the fields of mental health and psychology. Not unlike the lockable diaries that children and adolescents in earlier times hid under their mattresses, journals are a way of recording experiences, thoughts, and feelings as a way of understanding them more clearly. In terms of mental health, journaling is sometimes recommended as a means of managing anxiety, reducing stress, and coping...

Dear Traders,What a day to be alive! Elon Musk is making news these days over Tesla and Twitter. The figures that were released on the weekend regarding Tesla’s third quarter car sales missed analysts’ expectations, leading Tesla to sell off by over 10%. Elon Musk changed his opinion on Twitter and decided to go with the buyout deal, causing Twitter to surge over 20% in one day. Trading in Twitter was halted but it is...

This is one of the major roadblocks in the evolution of a trader. And most will not get past it. A good day, week, or month can be ruined by your survival instincts kicking in and manhandling you in order to save a losing trade. Find out what happens when your rational self is hijacked and replaced by the fear of losing…and how it becomes scared money as you try to save a losing trade....

In this webinar, Carlos will provide the basics of trading the ORB strategy, how to calculate risk to reward. Identify great setups potentials and which setups to avoid. He will also discuss how he personally manages the trade when taking partials or stopping out. ...

I recently released a video about one of my favourite leveraged ETFs: TQQQ, which seeks a   return that is 3x the return of its underlying benchmark for a single day, and want to share some information with you about these attractive but potentially explosive products. To begin with, we should define a few terms.  An exchange-traded fund (ETF) is similar to a mutual fund because it is a pooled investment that holds a portfolio of securities. Unlike a...

Dear Traders, First and foremost, my thoughts and prayers are with those who have been affected by Ian. Ian, now once again a hurricane, is threatening to carve a new path of destruction through South Carolina on Friday when it roars ashore north of Charleston.After a big sell-off day, the market has stabilized today. CCL and NKE were the biggest losers of the day, both dropping significantly on disappointing earnings. You know the situation is bad...

Dear Traders, President Ronald Reagan once said that the “nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” I do not think any investors these days are really in agreement with that sentiment. Financial markets are blowing up everywhere in the world, and governments are stepping in to support them. Japan has stepped into the markets to save the collapsing yen, and Europeans are scrambling to control...

An electronic online trading platform is a computer software program that is used to place orders for day trading. A trading platform is different from direct-access brokers themselves, but I often see traders confusing these two as one.  The trading platform sends and places your order at the Exchange so the direct-access brokers can clear the order for you. Usually, direct-access brokers offer their own proprietary trading platforms to their clients. The quality, charting capability, speed...

Dear Traders, Happy Tuesday! I am back from my week-long week trip to the UK, where I spent a few nights in the hospital for surgery. I could not trade at all over the last 8 days, but I was honored to witness the Windsor part of Queen Elizabeth’s funeral. I also happened to be in London when the British pound was destroyed by the USD. On Friday, the GBP lost 4% of its value. That...

In this webinar, Thor will discuss “when” it is best for you to take a trade. Your tape represents the core of the price action unfolding on a stock. As you read your tape, you are no longer looking at your charts. Rather, you are utilizing your Time and Sales, your Level 2, and your volume and price analysis in order to observe the market in real time. Each choice every other trader is making...