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I Was Wondering What Ever Happened to Chart Reading?

When I started in the trading business (back in the olden days, as my grown children delight in reminding me) I was told that I would not be worth a pinned nickel until I spent 10,000 hours reading charts. Being an obedient youngster on Wall Street, I did what I was told and sketched charts with trend lines, regression channels that expanded and regression channels that were narrowing, support and resistance, and a dozen other suggested chart notations until I thought I was going to lose my one-cell brain.

Aside From Money and Equipment, What Does It Take To Be an E-Mini Trader?

The title of this article could easily be, “this is where the rubber hits the road.” A computer cannot make you a good trader and having a large trading account won’t make you a profitable trader. You will have to make yourself a profitable trader and that is no small feat. It takes dedication, perseverance, and just plain hard work to achieve your trading goals. Are you up to the task?

Do You Have to Be Brilliant to Trade E-Mini’s?

One of the better traders in my room has been there for several years. I can still remember when he was considering whether or not he should start trading and he asked me, “I only have a high school education, do you think I am smart enough to be a trader.” Let me state unequivocally that I have found absolutely no correlation between education attainment and trading ability.

Can You Trade Polynomial Regression Bands and Standard Deviations?

Polynomial regression bands (PRB) have been around for quite a while, though I know of very few traders who use them in earnest. I happen to be a strong advocate of reversion to the mean trading and PRB’s are my primary tool in determining when and how price action reverts to the mean. There are plenty of other bands in trading; Bollinger bands and the Keltner channel come to mind. But for my purposes, I customized the traditional PRB into something that fits my needs perfectly

How to Trade the Market During the Summer When You Don’t Trust the Price Action

There are few times during the year when trading is more frustrating than the summertime. The price action tends to be clipped and erratic and I generally lose any confidence that a move will follow through in a normal fashion. In short, traders tend to lose confidence in what are normally “automatic” setups because the market has trouble maintaining a consistent order flow in any direction.

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