Kunal Desai I made a great short in the oil stock $WLL on Tuesday using the Parabolic Short Setup! This is one of my favorite day trading setups. If you’re going to day trade, having a toolbox of trading techniques and strategies is vital. As you can see in the image of my Profit and Loss screen below, …
How to Use a Trading Simulator You will hear a variety of opinions about how useful it is to use a trading simulator – also called ‘paper trading’ – in the day and swing trading communities. Some trading authorities say that a trading simulator is essential, and that to begin trading without spending significant time on one …
I receive a lot of questions about how and where to scan for stocks, so I decided I’d review one of my favorite scanning websites – Finviz.com. Cost As a new trader, keeping your expenses down is important: commissions, subscription services, taxes and software will all cut into your net profits. Several of those items, like …
When you’ve taught as many students as I have, you start to notice patterns. There are several common issues and hangups that hold back new traders, slowing down their progress, and in some cases, ending their trader careers before they begin. If you are a new trader, or a struggling trader, step back …
We are all raised to think that ‘cheap’ is better than ‘expensive.’ This is reinforced daily, to a degree that you probably don’t even realize. Look through your mail, your email, the ads in your browser, the commercials on your television – how many of those involve some sort of sale, discount or price comparison? …
Slumps. Every trader experiences them. Nothing you do works, and it feels like you are only digging yourself deeper into a hole of bad trades and frustration. Like everyone else, I experience a slump once in awhile. Like losses, they are just a part of trading. You can allow yourself to become angry or depressed, but …