A richer life takes more than just money

Welcome to the Indicator Warehouse blog. You can look forward to reading articles on trading education, personal development, trading psychology, relevant world business news, and even useful gadgets to make your trading life easier.

The Secret to Growing Your Trading Account

  Success with a Small Trading Account is Possible… If Done Correctly.   Let’s be honest, everyone begins trading with the hopes of making a lot of money through their trades, maybe even enough money that they can quit their… Read More »

September 26, 2020

Erich Senft

futures contracts

Basic Fundamentals of Day Trading using Futures Contracts

Day trading futures isn’t as complicated as it sounds. The futures market is actually a conglomerate of various markets that buyers and sellers use as a way to enter and exit into futures contracts. Typically, pricing is based on an… Read More »

September 23, 2020

Erich Senft

Stock Trading with NinjaTrader

Stock Trading vs. Futures Trading

Starting out with Stock Trading Unlike day trading the futures markets, stock trading offers a wider variety of investment opportunities including access to shares in companies like  Coca-Cola, Wal-Mart, and others. Many publicly held companies use a stock exchange such… Read More »

September 20, 2020

Erich Senft

Trading Personality and Overcoming Stubbornness

Improve Your Trading Personality by Overcoming Stubbornness

A Trading Personality Focused on Pig-Headedness has No Place in Trading When it comes to improving your day trading results, learning to recognize and overcome your stubbornness can make you a better trader. The single biggest part of ever becoming… Read More »

September 17, 2020

Erich Senft

Day Trading Mistakes

Discover How to Overcome 5 Common Day Trading Mistakes

The ability to make rational decisions is a critical in all aspects of your life – trading and social. Once you have identified and eliminated the most common day trading mistakes, you can expect satisfaction, success and professional growth. Day… Read More »

September 14, 2020

Erich Senft

Risk-Reward Ratio

Be a Losing Trader and Still Win at Making Money

As a day trader, there is no way to be right all the time and losses are inevitable. But, with proper trade management, one trader’s loss could be another trader’s win. So, how right do you have to be? Traders with a… Read More »

September 11, 2020

Erich Senft

Diversification in Trading Systems

How Can Diversification Improve Day Your Trading?

Think of taking a winning investment portfolio strategy and using it as a day trader. Trading just One Market using only one or two contracts is a slow road to failure. The trick is to be able to scan hundreds of markets in futures,… Read More »

September 8, 2020

Erich Senft

Generate Day Trading Profits with a Small Account

Day Trading Profits are Not Just For Large Account Traders While it is certainly true that it takes money to make money, not everyone has a well-funded trading account for their trading portfolio. Typically, beginning traders start off with a… Read More »

September 5, 2020

Erich Senft

What is the Advantage of being a Day Trader

“The criterion of truth is that it works even if nobody is prepared to acknowledge It.” –  © 1962 Ludwig Von Mises (1881 – 1973) What makes day traders different is that they are able to participate without bias, without question, and… Read More »

September 2, 2020

Erich Senft

trading systems

Optimize Your Profit (and Stop Loss) Targets using the Average Daily Range

Don’t you hate it when you take profit on a trade and the market continues on much further without you? That’s almost as good as getting tagged on your stop loss only to watch the market reverse and head toward your… Read More »

August 30, 2020

Erich Senft