Hey trader, Crude oil dropped $5 on Thursday after Iran-Oman negotiation headlines hit. If that pullback made you start looking for energy shorts, the math says you are wrong. Wednesday's futures open was $98.84. Thursday's high was $113. Oil is still up $10 in two sessions. The supply deficit that
Hey trader, After I take a loss, I move on…most of the time. That’s what you’re supposed to do. But sometimes that can leave money on the table. So, when walking away is discipline and when is it an overreaction to a single loss? This could be the single most valuable lesson you can learn
Hey trader, "Dance like nobody is watching; love like you've never been hurt; sing like nobody's listening; live like it's heaven on earth." Both Mark Twain and William W. Purkey have been credited with this saying. Regardless of its origin, the sentiment holds. My reading of this quote is simple: l
Hey trader, Wednesday morning, I took a textbook Bollinger Band breakout on the euro. Every rule was followed…Every box was checked. I lost $100 in under fifteen minutes. The euro spiked 20 pips and gave back all 20 within minutes. Gold did the same thing. So did the Nasdaq. So did the S P 500. Four
When is a chart pattern NOT a chart pattern? When it hasn’t been CONFIRMED! Far too many of us jump the gun, letting FOMO drive our decisions. The scary part is you probably do this without realizing it. That’s what I am to correct today. I want you to trade signals, not possibilities. During today’
Hey trader, One of my favorite books of all time is The Count of Monte Cristo. I love the story so much that I even enjoy the 2002 film adaptation. I'll be honest, though. The movie loses a bit of its magic for me because of what it cuts out. The changes Hollywood made trimmed
Hey trader, There are two types of entry signals: One fires when price hits a level. The other fires when price accelerates through a level with volume behind it. Far too many people assume they’re interchangeable. That assumption costs money on days when the tape shifts from momentum to chop and ba
Gas prices are up 40%. The average American now pays roughly a dollar more per gallon than they did months ago. But the opportunity is not in hoping for cheaper oil… …it’s in trading the sectors that get crushed when energy costs stay elevated. You see, the gas price increase hits every household bu
Hey trader, Most futures traders cap themselves at one position at a time. That feels safe… …but it also means watching profitable setups fire in other markets while you sit waiting for a single target. During my 10% Club session this morning, I ran four called trades across gold, the euro, and crud
