Why a Mentor is Essential in Day Trading, and How You Can Find One
Day trading can be a thrilling, high-speed journey, a proverbial rollercoaster ride of profits and losses. But as with any complex endeavor, having a seasoned guide by your side –…
Day Trading Risk Management: Strategies for Protecting Your Capital
Introduction Day trading can be thrilling, offering the potential for significant profits within a short span of time. However, the rapid-fire pace of buying and selling can also lead to…
Understanding Technical Analysis for Day Trading: Chart Patterns and Indicators
Introduction Day trading, by nature, is a short-term strategy, involving the buying and selling of financial instruments within a single trading day. For a day trader, the ability to predict…
Can I make a living from trading the ES making only one point per day?
Introduction: Trading the E-mini S&P 500 futures (ES) can be a viable way to make a living for those with the right approach and risk management strategies. The key to…
The importance of backtesting: Repetition and deliberate practice in trading
Backtesting a trading strategy is a crucial step in finding a winning system that can produce consistent profits. By simulating historical trades using past data, traders can evaluate the effectiveness…
The Pros and Cons of Automated Trading Robots
Automated trading robots, also known as algorithmic trading or "bots," are computer programs that automatically execute trades based on predetermined rules and criteria. While they can provide several advantages, they…
How to find a trading system
Finding and validating a trading system is an essential part of a trader's success. It is a set of rules that guides a trader's decision-making process. It is designed to…