Lessons from the Pros

Jul 9, 2013 Issue

Featured Article

A Simple Mistake, Easily Corrected

I have been in the trading business for nearly 20 years as a trader, fund manager, and educator, beginning on the floor of the Chicago Mercantile Exchange. If I had to list the top three mistakes I see most traders make, one that would for sure be on the list is when people enter the… Read More »

Stocks

Searching for the Right Levels

When we teach our courses at Online Trading Academy, we teach our students where the proper areas to buy and sell lie on the charts. Those areas as you may know are supply and demand levels. However, there seems to be some confusion among traders as to how to identify the best levels for entering… Read More »

Forex

Don’t Forget the Trend!

Hello traders! If you have been reading our Lessons From the Pros newsletters for more than a week or two, you should be familiar with the general terms of our core strategy: sell in quality supply zones and buy in quality demand zones. Too often I hear students repeat this word for word, yet they… Read More »

Options

Synching Our Calendars

Last week I wrote about calendar spreads and demonstrated how they could be used as a directional spread, relying on underlying price movement, instead of a range-based “theta play” (a trade that profits from time decay as long as price stays in a range). My directional example was bullish, but calendars can be used as… Read More »

Commodities

Weather + Grains = Limit Moves

With the hot summer weather about to start impacting the Grain markets, I thought it would be good to review a popular event during this time of the year: Limit Moves. While these crops are growing, traders are always looking for signs of how the crops are progressing or are possibly being damaged. It is… Read More »

Real Estate

The Bush Library is Green. How You Can Also Get a Little Green

I was watching the dedication of the Bush Library, located on the campus of SMU, when former President Clinton made a comment that the Bush Library was the first presidential library to open with platinum Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council. I thought that was very cool… Read More »

Specialty Skills

You Must Be Self-Aware to Change Your Trading Results

For the first time in the trading day, Tyus took a closer look at the chart. What he saw shocked him. It was as if a digital war had been waged from his trading platform and he had been on the losing side. The carnage to his capital lay strewn across the day with impulsive… Read More »

India Markets

Pattern Failures

When we are trading, we often identify chart patterns to trade. The problem with these patterns is that they do not always follow through to their targets. Even worse is that these patterns may fail and cause a thrust in the opposite direction, causing losses for those traders who were caught unaware. So should we… Read More »

Join over 170,000 Lessons from the Pros readers. Get new articles delivered to your inbox weekly.