Doing a pre-market trade plan is a critical step toward setting yourself up for a successful trading session.  I try to have myself set up as follows for when the regular trading hours begin: 1. Set-up Your Trading Environment For starters,… + More

Sometimes I find trading psychology material a bore because more often than not, it’s the same old stuff repeated.  Certainly, successful management of your emotions, biases and triggers are of paramount importance to the trader. But, what has always been missing… + More

Erich Senft has completed (or updated) three New Trading Books. Note: These books contain valuable information for both Indicator Warehouse Trading Systems owners and regular commodities traders.  “Trading Strategies for the Short Funded: the Secret Setups”  The manual is a distillation of the… + More

Moneyball (2011) is a bio-sports-movie about Billy Beane, played by Brad Pitt, the manager of the Oakland A’s baseball team and his struggles to put together a competent team while working with a severely limited budget. The movie is well… + More

Day Trading Futures: Using Stop Loss Orders Stop loss orders (also referred to as a stop-loss, or stops) is a tool that is used to exit a trade once its movement begins to lose money. Anytime the market starts to… + More

Candlestick Patterns, an Introduction The internet is chocked full of blogs, sites and training courses that include a popular approach to market analysis using candlestick patterns.  For those of you who don’t know already, candlestick pattern usage in trading attempts… + More

Is System Backtesting Worth It? Imagine if you have six losses in a row. But, you are okay with it.  What would that mean?  In short, it says you’re confident in your system because you KNOW that over time, you… + More

The Most Effective Method to Learn to Day Trade Most people who want to learn to day trade start out sifting through the thousands of trading books found on the Internet.  In their quest to learn to day trade, most… + More

When people use the term “day trading”, they mean the act of buying and selling stocks, commodities, or foreign currencies within the same day. Day traders seek to make profits by leveraging large amounts of capital to take advantage of small… + More

Recently I wrote about the power of setting S.M.A.R.T. trading goals.  So, I could not have been more pleasantly surprised when I received an email from long time customer, Achim Stollem, that he completed his Topstep Trader $150k Combine using nothing more… + More