Category Archives: Day Trading

Day trading best practices | Free trading education

legs of a wave

How Many Legs Does a Market Have?

It sounds like a kid’s joke doesn’t it? Yet recognizing which “Leg” of a move the market is on can be very helpful in gauging how much “life” is left in the move. We all want to maximize the profitability… + More

February 17, 2020

Erich Senft

Options Trading

Options Trading – A Valuable Short-Term Trading Tool

Options Trading as a Day Trading Tool Many individuals interested in the stock market consider options and warrants as a long-term investment (position in swing trading). However, both warrants and options can easily be used as a short term day… + More

February 14, 2020

Erich Senft

Losing Trades and Rose Colored Glasses

A New Perspective on Losing Trades

When you are analyzing your charts look for a good trade, do you also actively look for bad trades to ignore? Here are three reasons why you should do just that.  Put Away the Rose Colored Glasses Embracing losing trades… + More

February 11, 2020

Erich Senft

Is it Time for a Trading Strategy Tune-up?

Your Trading Strategy Can Easily Be Improved It is time for a new trading strategy if you are taking profits too quickly and letting losers run in the wrong direction.  The combination of the two often ends up shortening the professional… + More

February 8, 2020

Erich Senft

NinjaTrader Price Action

Forecast Movement when Price Action is Stable

Forecast Trading Conditions in Stable Price Action Although traders use effective day trading software programs to assist them in trading futures contracts, there is always the potential for significant risk. However, historical trends in trading commodities have shown it to be… + More

February 5, 2020

Erich Senft

Trading System Fraud

Trading Vendors: How Does Real Day Trading Work

CFTC Warning – Day Trading Vendors who Publish Results – Beware! It happened to me.  It’s happened to every trader I’ve ever known.  My guess is it’s happened to you. I’m talking about being suckered into buying a day trading… + More

February 2, 2020

Erich Senft

Trading business Coffee Cup

Treat Your Trading Business Seriously and You Will Reap the Rewards

There is a Psychology to taking your trading business seriously. Are you running a trading business or is it a VERY expensive hobby? I challenge you to answer this question and be HONEST with yourself. All too often I speak… + More

January 30, 2020

Erich Senft

Using Day Trading Software and Price Patterns

How to Use Day Trading Software with Price Patterns and Candlesticks

Day Trading with Price Patterns At the core of any reliable day trading system, is the ability to analyze price trends. Traders that use a day trading platform for their executions or thorough analysis when determining price action must use some form of Price charts to… + More

January 27, 2020

Erich Senft

3 Things to Do Right Now to Become a More Profitable Trader

3 Things You Should Do Right Now to Improve Your Trading

This is a presentation in which Erich and I discussed why 90% of traders are doing things that are preventing them from becoming a profitable Trader. The good news is that during the live event to covered three immediate and simple… + More

January 24, 2020

Erich Senft

day trading system

What does a Winning Day Trading System look like?

A Good Day Trading System Can Help Boost Your Trading Profitability It might seem evident that the best day trading system encourages you to buy low and sell high. Alternatively, if you are in the market shorting stocks or futures,… + More

January 21, 2020

Erich Senft