5 Things Rich Retirees Know That You Don’t.




Can You Accurately Fade A Move Using the NYSE Tick Like the Old-Timers?

The NYSE tick indicator has been around for a good period of time but I don’t see it used much in futures trading. That’s fairly easy to understand though, because the NYSE tick is not a futures related indicator. The symbol for the indicator is $TICK. It is a fairly straightforward indicator in that it measures the number of issues trading on an uptick against the number of declining issues trading on a downtick on the New York Stock Exchange.

Support/Resistance and Volume Are Like Ham and Cheese

I have yet to meet a novice trader who doesn’t claim support and resistance (SAR) as one of the skills they employ a in their trading endeavors. Of course, the silence is usually deafening when I asked, “When price reaches support or resistance what do you do?” In general, most people wait to see which direction the price is going to move and wait for confirmation of the move.

Enjoy the Price Action Ricocheting Up-And-Down? Do Volatile Markets Make You Nervous?

If you answered no to any of the questions in the title I have to wonder about your sanity. While I don’t mind trading some volatility in a trend, a non-trending highly volatile market is the recipe for a trading disaster, yet many new traders wade into these markets with a sense of gusto and purpose.

Do You Think Practicing on Trading Simulators Is a Good Use of Time? Check Out the Mess I Made Today

I’ve written several articles in the past about my relative distaste for e-mini trading simulators. I had a trade running on a simulator account today and proved to myself why I continue to believe that they are good for familiarizing yourself with a trading platform but relatively worthless when learning to trade. Are you a simulator warrior?

Why Do New Traders Prefer to Learn to Trade E-Minis on the ES Contract?

New traders often ask me why I trade everything but the ES contract. After all, if you read popular trading literature they would have you believe that only the ES has the liquidity necessary to facilitate efficient fills and exits. Of course, nothing could be farther from the truth.

First Comes Success – Then Comes the Dreaded Fear-Based E-Mini Trading Blues

One of the first things I tell my new members is that trading is primarily an intellectual exercise and all the oscillators and indicators you can accumulate will not necessarily make you a better trader. In short, how well you trade is directly related to how well you can think like a trader and not a layman fresh off the street.

3 Important Reasons to Record Every Trade You Execute

Early in my career one of the senior traders in my equity trading group insisted that every trade be logged and the specifics of the trade recorded. To be honest, at the time I thought it was time-consuming and of little value. I know better now.

E-Mini Trading: Can You Trade the News?

Several firms which market e-mini trading indicators are currently advertising systems for trading the news. From a personal standpoint, I really enjoy trading the news; but it is certainly not for the uninitiated or faint of heart as you can certainly take a sizable chunk of cash out of your e-mini futures trading account if you position and size your trade improperly.

How Do You Learn to Successfully Trade E-Minis?

I think it’s safe to say that things have changed drastically from the time I learned to trade until the present time. In my opinion, this change has not been for the better. The list of e-mini education programs runs the gamut from useless to of few good trading educators.

Benefits of Binary Options Trading

Binary option trading is simple and straightforward as compared to traditional trading methods. This method facilitates trading of a wide variety of assets, providing the traders with high rewards in lesser time and lower risk when compared with other trading options. This framework is most suited to investors who are new in the market and are unfamiliar with trading environments.

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