The market has opened and rallied. Not with great strength. In fact it’s quite slow. But it rallies with a clear bullish bias. It’s clear of all S/R levels, above the prior day’s high resistance (now support) and well short of the next higher timeframe resistance level. Trade opportunity in such a case is…
There is NO Holy Grail Secret to Trading Success! Stop looking for one. And get back to work.
Well, I’ve had a frustrating week. No opportunity to trade until Friday, and no opportunity to work on my website and newsletter service. NOT HAPPY!!! But then, that happens to us all from time to time. Life has a habit of failing to consult with us, prior to messing with our plans. What happened? Well,…
Would you like to discover a quick and simple risk management strategy that is easy to apply to any trading plan, and has the potential to vastly improve results? Excellent! I’m not talking about the placement of stop losses, which is what most people consider as ‘risk management’. Rather, this is a simple tool for…
Question: Hi Lance, I read from another resource that in order to detach your emotion in every trade you need to have a set of written specific rules about your entry, your position size, your exit and any other possibility that might happen in that trade and you need to follow it with “marine discipline 
Right now as I sit and write this article, it’s coming up to the end of 2008 and I’ll be shortly taking a well-deserved break from the markets and my website. Of course, as an admission that I’m addicted to trading, this won’t be a total break. I have some trading books to read and…
https://youtu.be/yhpCON99QlQ NB. You can check out the Trading Journal I use at this site here. Please note though… this video was made in 2009. The spreadsheet has advanced quite significantly since the version seen on this video. Happy Trading, Lance Beggs
One of the toughest times of my life – that threatened my own psychological wellbeing as well as the potential safety and security of my family – was in early 2004, when I first made the leap from part-time to full-time trading. I had the required knowledge. I had the required skills. I was a…
“Learning is not compulsory… neither is survival.†… W. Edwards Deming, 1900 – 1993 If you’d like to survive in this game, you need to learn. And while the books and courses are good, the best learning comes from making trades and reviewing your performance. So, as we approach the end of the first quarter,…
This is one of the most common questions I get from novice traders. They’re stuck at one of the first steps – deciding what market they want to specialize in. If you’re stuck here as well, then there’s something I’d like you to think about which may make the decision easier… You’re unlikely to get…
