Lessons from the Pros

Jun 30, 2015 Issue

Featured Article

Support and Resistance: What to Look For

In my early days on the trading floor of the Chicago Mercantile Exchange working for a financial institution, I was always fascinated by the gap in the financial system between those who know what they are doing and profit, and those who don’t and lose money. It was really fascinating; big financial institutions and banks… Read More »


Using Relative Strength Index As An Odds Enhancer

Students often ask me about how I use the popular Relative Strength Index (RSI) technical indicator in my trading. I want to stress that my entries and exits for trades are triggered by price action and I use the core strategy taught at Online Trading Academy in my own trading. The indicators I use are… Read More »


Can You Trade Forex Like You Would Trade Stocks?

I want to explore a question that is asked of colleagues and me time and time again. It is a good question, such that it warrants a deeper look and further understanding. Let’s face it, most individuals think of investing in the stock markets when they first become interested in the financial markets; and this… Read More »


Put Options as Protection: Choosing Your Risks

In all kinds of investing and trading, including options, the market pays us to take risks. Every trade or investment has them. The secret to profitable trading or investing is in picking the kind and quantity of risk that we are willing to take. Here are some of the principal kinds of risk embodied in…
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My Rough Start In Trading

As an instructor at Online Trading Academy, it is important that I share with my students my background, and experiences in the markets. In my humble opinion, the whole point of teaching this skill of market speculation is to help students shorten their learning curve when they start trading. My experience has been that paying… Read More »

Real Estate

The Keys to Selling a Property Quickly – Location and Condition

Location is made up of many factors. We are all aware of the positive ones, such as schools, appearance, walk-ability and so on. Let’s look at some of the negative things that could affect the desirability of a property and its location, and possibly prevent you from selling a property quickly. A couple of negative…
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Specialty Skills

Persistence and Perseverance in Trading

I just finished teaching a class on the importance of documenting your trading. It was called “Awareness and Reprogramming.” One of the students complained that documenting was something that they did not enjoy and that it was therefore difficult to follow-through with. Actually, most endeavors that are valuable involve tasks that are not in and… Read More »