Turtle Trading System vs. Al’s Trading System The turtle trading system fascinates me on many levels.  First you have two guys (Richard Dennis and William Eckhardt) debating over whether they can mold untrained every day people into master traders.  Apparently, Richard who was claiming you could was right in his belief that winning traders can Read the full article →

Assuming you have either started day trading or are looking to get into the game, I am going to shock you in this article.  What I will cover here would have saved me 20 months of headache if I just had someone give it to me straight.  Recent studies have shown that the majority of Read the full article →

Why Moving Averages are Good for Day Trading Keeping things Simple Day trading is a fast game.  You can be up handily in one second and then give back all of your profits shortly thereafter.  As a trader, you need a clean way to understand when a stock is trending and when things have taken Read the full article →

I have written a few articles on trend reversal patterns, but I would like to dive into the topic of buying and selling climaxes when day trading.  The obvious question you probably have is if someone is buying a lot of shares and I am long, this is a good thing right?  Well, it is Read the full article →

When should I sell my stock?  If you have been trading for less than an hour you have probably already asked yourself this question.  If we figure out the old adage of buy low and sell high, we could all live the good life.  Trading however is a bit more challenging.  There are indicators, systems, Read the full article →

When you get up every morning to go to work you know what hours your employer expects you to work.  What about your favorite store.  For me it’s a toss up between Best Buy and Wegmans (I know a grocery store).  Even though these two establishments would gladly take my money, they will only do Read the full article →

Day trading requires you to have quite a bit of cash on hand for your trading activities.  Margin aside, I have said you need 50 to 1 cash to monthly expenses ratio.  There is a little bit of room here if you have other means for income to offset your expenses, such as rental income.  Read the full article →

A breakout of a range presents an opportunity to get long or short.  But how do you know when the range has enough “juice” to generate a trending move.  As day traders you will have a slew of data to analyze in a short amount of time.  So, why not take the simple approach and Read the full article →

price-and-volume from Tradingsim on Vimeo. Price and volume are the oldest indicators you will find in the market.  As day traders we are always looking for an edge, hence the endless supply of indicators and trading methodologies.  When you really boil it down to its root, trading is nothing more than capitalizing on the imbalance of supply Read the full article →

The three bar patterns is one of the more common trading setups.  The reason its so common makes it an easy target for newbie traders when they do their scans.  The problem with the three bar reversal pattern when it comes to day trading is the setup can be found all over the place.  So, Read the full article →