Lessons from the Pros

Jun 11, 2013 Issue

Featured Article

The White Space

It seems to me that everything ever written about trading with price charts is always about the price action on the chart. A candlestick, line, bar, tick, point and figure, volume, or any other type of chart obviously represents the price action. All the information people write and read about has to do with the… Read More »

Stocks

Surfing for Dividends

In a recent email from a student, I was asked about the peculiar price action for a stock as it was preparing to pay a dividend. While looking at the chart of the stock, I was reminded of a trading strategy that is not commonly followed. The strategy, “surfing for dividends,” is not common as… Read More »

Forex

Common Classroom Questions

Hello traders! This week’s Lessons From the Pros article will serve two purposes. The first is to let you know that you are not alone out there when it comes to trading and the learning curve. Most new traders find themselves asking the same questions as new traders from 5, 10, 50, or even 100… Read More »

Options

Wrapping Up Bullish Debit Spreads

For the last few weeks I’ve been writing about what an investor could do to lock in some profits from the big rally of the last four years, and yet stay in the game in case prices kept marching higher. We looked at keeping our stock and buying protective puts. We also talked about selling… Read More »

Specialty Skills

Meditation Can Be the Medication for Your Trading

As Mike looked at the price action begin to edge toward his stop on the NQ 5 minute chart, which he used to enter his supply zone short trade, there was a distinct note of anxiety in his chest. He heard himself say, “Darn it, it’s going to take me out!” A few moments later… Read More »

India Markets

Trend Challenge

A common theme I notice in reviewing students’ trades is that most of their losing trades were taken in the hopes of catching a reversal in the trend. So they were trades opened in the opposite direction of the current trend. I’m not saying that those counter-trend trades will not work out. They will, but… Read More »