As NinjaTrader is my primary platform (and also appears to be for many of my readers) I thought I’d add a page to my website with any tips and techniques that I’ve come across. The intent is to not cover anything that should be obvious from use of the primary toolbar or menu items (such…
A recent article (https://yourtradingcoach.org/trading-process-and-strategy/reader-trade-review-es-test-of-resistance/) included the following image, which led to an email question asking “how do you display both price and the tick in the one chart, instead of in two separate windows?” To display both price and NYSE Tick together in one window: Go to this page:Â https://yourtradingcoach.org/trading-business/ninjatrader-tips-and-techniques/ Scroll down to the video…
We’re one week into the new year. Are you already trying to tweak your strategy, or your trading process, based upon a bad session or two? Before making changes to your strategy or process, ask yourself the following questions: 1. Is the change the result of deliberate analysis of past performance, in order to…
I received the following message via social media late last year. I am frustrated. Despite all knowledge on stock analysis, momentum indicators, writing journal I make losses. Whereas I know person with nothing of these making huge profits everyday. She goes and buy stock and it would fly higher. When she sells stock would go…
Part One is here if you missed it – https://yourtradingcoach.org/trading-business/my-go-to-method-for-solving-trading-problems/ In that article I presented a three question framework which I use to seek solutions to any of my trading problems. Can I avoid the problem? Can I reduce the frequency? Can I reduce the consequences? Or in simpler English: Is there something I can do…
I was driving in my car the other night with my twin daughters when the conversation somehow turned to what they wanted to do when they grow up. Naturally, being only nine years old, they had many ideas. There were those that I was very happy with – an astronomer, a veterinarian, a professional soccer…
7 Steps to Surviving a Trading Slump “How you think when you lose determines how long it will be until you win.†… Gilbert Keith Chesterton, 1874-1936 As if learning to trade wasn’t already hard enough… If you’ve been in this game more than a few months you would quite likely have experienced…
“The more you have, the more you are occupied. The less you have, the more free you are.” … Mother Teresa Anything on your charts that is not required for your strategy, or does not act to simplify your analysis, should be removed. It acts as a distraction and increases (even if just slightly) the…
Did you know that there is a whole ‘other world’ of technical analysis that most novice traders are either totally ignorant of, or fear to go due to the fact that it might actually require some work? Well, there is! And I’d suggest that if most novices fear to go there, then perhaps it might…
I once heard a statement by Rebecca Fine of www.scienceofgettingrich.net that says something along the lines of “If what you’re thinking about isn’t something that you want to have happen in the next three minutes… get rid of the thought and think something else.†While that’s a great way to live your whole life, and I certainly…
