If I were forced to classify myself as a certain type of trader within the markets, my answer would be that I’m a “chart trader”. What do I mean? Let me explain how when you choose to become a “chart trader” you open up a huge amount of flexibility within your trading goals and strategies.
One of the more common bits of trading dynamics that most new traders are unaware of is the fact that you can make money when prices go down. Yes, you read that right. It is possible to profit from a price that is losing value. Pretty cool, huh? I talk more about that and show […]
Whether you are new or a veteran of the markets, goals have their time and place without question. However, in some instances, a goal can actually be counterproductive and work against you as a trader. I want to cover a goal that I see often which, given some limitations in the market, is essentially impossible […]
Perhaps you’ve heard this term before but are not quite sure what it means or how it actually applies in the real world. Through my site I was asked to give my thoughts on a particular situation that I wanted to share as it gives a great case study in understanding and applying the concept […]
You are not alone if you suffer from the annoying situation of seeing something and then failing to make the trade. Have you ever been there before where you find yourself saying, I would have done so well! if I had just made the trade. This is a very common problem and I want to […]
I see it all the time and I need to throw this information out there as it is truly one of the biggest areas where new traders lie to themselves. From a business standpoint, it’s a great way to generate revenue, but if you honestly think you can mimic another person and make money while […]
I got a pretty interesting question regarding how I deal with and manage distractions, so yeah, here’s what I’ve found useful. I have no idea if it’ll work for you, but it certainly does work for me.
The concept of risk vs. reward is one of, if not the most important aspects within the world of trading. With that being said, many newer traders fail to realize there are a different ways in which this concept can be implemented into a trading plan and strategy. One way is very well known, but […]
A picture is worth a thousand words, and I use a screen shot of some headlines in the video, so all I’ll say is that if you suck at “guessing” like I do… don’t worry, you’re not alone. In many instances, the markets (stocks, bonds, options, futures, Forex, Crypto, etc.) simply do not make sense […]
This is the video that is extremely important, yet, if I had to lay down a wager, it probably won’t get many views. I’ll then go onto see people continue to use the logic that I talk about. For those of you who actually do take the time to watch this video, I guarantee you […]
If you are on the search for someone to teach/coach/mentor you in learning how to trade, I wanted to quick offer up a single bit of policy information you can look for that says a whole lot about the educator. The cool thing about this is, the piece of information is SMALL; however, the amount […]
If you’ve spent any amount of time in the world of penny stocks or small cap stocks, then I’m sure you’ve heard the terms “pumpers” and “bashers”. In the event you haven’t heard those terms, then I assure you, it’s only a matter of time before you do. I wanted to spend some time using […]
I come across the logic I talk about in the video time and time again. Sure, the logic shows up in various forms; however, at the end of the day when it is all boiled down, it’s the same. On the surface, it does seem to make sense, but when you apply the logic to […]
Of course any new trader wants to learn how to trade and be a successful trader. While that’s all nice and powerful to say, it’s simply a general feel-good statement. How can this general statement be taken and turned into reality? That’s what I want to discuss, but not with “theory”, I want to use […]
After years and years of research, I am now ready to release a software program that will ease all of your worries. The software acts as a robot that will pay your bills as you need them. All you need to do is tell the robot how much money you need to make, and after […]
While this was certainly flattering to see, it still does not take away from the fact that the marketing gimmick was quite sleazy and shady. When you are doing research online, be sure what is being “shown” is actually the case… as you will see here, the name ‘ClayTrader’ is being used for something I […]
If you are on a search to learn how to trade, and are potentially even considering investing money into a training program and/or subscription service, this is a topic you need to have a full understanding of. Is someone an affiliate marketer? Is someone not? How can you tell? I go over all the details […]
The trader I talk about in this video is the type that truly gets me fired up (in a good way) and motivated. I am always screaming from the rooftops “NO EXCUSES” when it comes to wanting to be a trader, and the case study I cover in this video is why I can scream […]
When it comes to trading the markets, whether it is stocks, options, futures or Forex, one of the hotly contested topics is should you trade with a strategy that predicts, or reacts? Personally, I’m a big believe in reacting and being late to the party. I believe I give some very plausible logic in this […]
I was asked, as a joke, by a YouTube commenter for advice on how to get a girlfriend… so here I am. It’s actually pretty cool how everything all worked out, but when you sit back and look at the indirect consequences of doing what you need to do to get a girlfriend, it actually […]
Whether you are day trading or swing trading, one of the most frequently asked questions I get is centered around trading set-ups and most specifically, how many monitors is enough? I give my opinion on how many monitors you should use for trading along with what types of set-ups can be too much. The Current […]
There is nothing better than when someone tries to insult me, yet, in doing so provides a perfect example of “why” and “how” technical analysis (the use of charts) is so powerful. When trolls turn into those that make a case for you, there is truly nothing sweeter!
Goals are a great thing to have… sometimes. In the world of trading, it’s a bit backwards, but there are certain goals that can cause you many headaches, and other goals that seem awkward to have, but in all actuality put you in the mindset that you need for long term success. A truly wise […]
Sure, go ahead and call me “lazy”. What you may call “lazy”, I call “time efficiency”. As a trader, I need to be able to work as efficiently as possible with my time, particularly from the viewpoint of taking information and then make decisions about it. I firmly believe that taking the strategy of technical […]
One trading challenge I have been asked to demonstrate many times is starting with a smaller amount of money and then growing it by trading the markets. I wanted to share my story of how I grew my trade account when I originally started with a very small amount of money.
Thanks to my fifth grade gym teacher, and a pencil, I have always had a good saying to live by which has translated very nicely into the world of trading the markets.
Shorting penny stocks is something that gets a lot of marking and sales pitches built around it. Taking a step back and looking at how to short penny stocks from a logical perspective reveals it is not all that some people make it seem like. In all actuality, it simply takes one or two trades […]
In Part 1, I looked at some of the mathematical reasons why it is so important to be aware of what you are paying in online broker commissions. In this video, I want to look at some of the awesome benefits that come along with taking seriously just how much you are paying to your […]
I realize that me saying, “trading commissions are important to consider” is one thing that probably lacks any sort of ‘punch’; however, by showing things in a more practical sense, my goal for this video is to display just how important it is to do your homework on proper stock broker selection before starting your […]
There are daily “events” that happen in the markets, and if you are a great guesser, then there is money to be made. If you are terrible at guessing, like me, what can you do? I talk about the solution I use so that I can eliminate having to even guess at all when it […]
Numerous times I’ve been told that technical analysis has no place in the world of penny stocks. I totally disagree with this statement and I would argue that the use of charts is the ONLY thing that should be used in penny stocks. How so? Let me explain.
I first need to give credit where credit is due. eTrade’s marketing department is top notch. They put together a great marketing program and are very well known within the industry. However, does that mean they are the online broker you should choose? http://claytrader.com/blog/best-online-stock-broker/
Just because you may have a winning trade does not mean that you ‘actually’ have made money. This is a common misconception that many traders do not realize in their everyday trading. I talk more about it in this free video.
One of the more famous quotes in the world, “practice makes perfect” is actually one of the more false quotes. How so? I talk about that in the video along with how, as traders, you should be properly practicing in order to give yourself the best chance at successful trading.
Most people start off with smaller trading accounts when beginning their goal of becoming an active and successful trader. In this video I want to discuss the key things that need to be done and considered in order to really energize the growth of your account.
A quick search on the internet, and you’ll see all kinds of services that off “Buy” and “Sell” alerts (or at least they claim they do). I’m telling you right now, that these services are a joke and don’t work! Sure, it works for the people making the buy/sell alerts, but what about for the […]
An extremely common area of worry is “my account size is too small.” This is totally understandable as not everyone can start with large sums of money. With that being said, there are some quick tricks you can use that will get your account size to grow without needing to make a single trade. Sound […]
This is my attempt at a challenge very popular within the bodybuilding and fitness communities: The 10,000 Calorie Challenge. Basically, I have 24 hours to eat 10,000 calories of food. I like a good challenge, so let’s see if I can overcome the challenge.
Most traders are unaware of the fact that with the proper broker, you can actually get paid for trading. While it may seem too good to be true, at times you can literally make more money than the commissions charged to you resulting in additional money on top of the trade profits. How is this […]
This is a common issue I still encounter, even after years of trading. Making money and piling up some nice cash in the trading account only to give back a chunk of it to the market. Can you relate? Use this quick and easy trick I use all the time to ensure you hang onto […]
While I am not qualified or licensed to give tax advice when it comes to trading, I do have one thing to advise on in regards to the tax man. If you think I’m being overdramatic in this video, then I’d encourage you to click here to listen to a past podcast episode where the […]
For anyone with a smaller account, I’m sure we can all agree that the most annoying regulation/rule in the world is that of the pattern day trader (PDT). While it may sound too good to be true, I assure you, there “is” a very viable solution to this problem, and your account size does not […]
The stock market is filled with stranger danger, and yet, so many traders fall for the tricks of smoke and mirrors. The biggest culprits of this is stock pumpers. While pumpers are usually found within the world of penny stocks, they are always on the lookout for stupid stock traders, even in the world of […]
Taking a loss is one of the most difficult things to do in all of trading. Why? Simply put, because no one likes to admit they were wrong. Psychology it has always bothered me what the term “stop loss” is implying, so in this video I attempt to redefine the word with a new name.
It’s one of the most dramatic and exciting things in all of sports and entertainment… the famous baseball umpire raising the finger and telling the player/manager, “you’re outta here!!!” As stock traders, we will need to sometimes act this same way. Whether you are a premium member of my stock trading community, or someone who […]
It does not take very long when trading penny stocks (especially if you hang around on Twitter, Facebook, message boards, etc.) until you come across the tried and true “stock pick” scam. While it is most prevalent in the world of penny stocks, the concept still holds true for stocks on any exchange. In this […]
The Opportunity Triangle – I am a very simple minded stock trader, so in order for me to visualize stock trading concepts, I need to use basic shapes. In this case, I use a shape that we have all learned about as children: the triangle.
Despite this video being over 5 years old, the psychology and concepts it talks about still hold true for anyone who is serious about trading stocks over the long term.
Learn about the 5 tools I use to find trading setups (including 3 that are completely free).