Leroy Rushing is an active, professional day trader; trading coach; and author.
Uncovering Winning Trades
It’s impossible to have only winning trades, so the goal is to manage the dollar amounts of your trades (both wins and losses) even more than the number of trades taken. Traders come to realize very early on that the quality, not the quantity, of trades is what matters. The glory of trading is that there is always a million dollar return lingering right around the corner. Think back 15 years to th
Trading Breakouts and Breakdowns
Manage your strategies in your trading plan to handle both breakouts and breakdowns. Before you do, make sure you know what the differences are between the two. Breakouts and breakdowns are extremely profitable, but mostly due to their rarity. A breakout of a trend is more likely to happen than a breakdown, where the price merely trades through the trend than with force. Profitable traders use bre
The Unorganized Trader
If you’re an unorganized trader, don’t worry. You’re not alone. The good news is that there are many tools and techniques that can turn you into a money-making trading machine. The unorganized trader is in a slightly worse position than an organized trader, but there are many tools meant for the unorganized trader that can improve returns.
“Sitting on Your Hands” Trading Strategy
Sometimes the best trade is no trade. Some traders trade just to trade, which often means emotions get the best of them. There are huge benefits for “sitting on your hands” if you have the right techniques, tools, and strategies together with the discipline to follow your plan.
Feel the Fear of Being a Losing Trader
Once you feel the fear of being a losing trader, you never want to go back there. While taking losing trades is inevitable throughout your trading career, you don’t have to be a losing trader! Find out how to implement some very easy, common sense ways to make sure you do everything you can to avoid being a losing trader.
The Undisciplined Trader
If you don’t have discipline with your trading, you may never become the trader you’re meant to be. The insights in this article are sure to get you on the path of disciplined trading and ultimately more profits.
Are Moving Averages Really Simple to Use?
Moving averages are used by amateur and professional traders alike for very rewarding results. Finding moving averages that work for you might be a difficult task, but after finding the “perfect pair,” moving averages provide huge results with little work. Master the identification and use of moving averages and anticipate a long career in trading.
One Chart is Worth a Thousand Words
Perfect your chart reading skills because a chart is the trader’s guide to ultimate profitability. For each trading style, from scalping and day trading to swing trading and long-term investing, a chart is worth a thousand words. Professional traders rely on their charts for consistent profits and for guidance on what to do next.
Day Trading “Money Making” Machine
Day trading can truly be a money making machine. Many experienced day traders can make more in a few seconds than what most people make in a week. This also comes with some risk, but for the trader armed with technical analysis and proven strategies, producing profit can result in consistent income.
How to Get Added Value and Confirmation
Professional traders use many indicators to pick a position. The duo of forward and lagging indicators makes trading very profitable. See the different mixes for different timeframes and scenarios for successful trading.
6 Skills Every Trader Should Have Going Into Trading
Whether day trading, scalping, or investing, there are fundamental skills that each trader should master. Skill-building activities will help you sharpen your ability to make money and cash in on critical market movements.
5 Steps to Understanding Volume and Liquidity
Understanding that volume and liquidity will boost trading profits puts you one step closer to financial freedom. The active, professional trader should know how to act in any market, liquid or illiquid.
What to Look for When the Market Hits a Top
Market tops are extremely profitable for short sellers. Tops are usually much more exaggerated than bottoms and last only for a short amount of time. Learn how to take advantage of this small “window of opportunity”.
Reading Candlestick Charts Like a Professional
Professional traders love candlesticks because they can be read much quicker than a bar chart, while also allowing a different kind of technical analysis known as candlestick reading. Learn how candlestick reading can enhance your trading.
What Trading Cannot and Will Not Do for You
Trading is often portrayed as a glamorous career. While it does provide the opportunity for an amazing lifestyle, the reality is that many traders had to go through a lot blood, sweat, and tears to get it.
What to Look for When the Market Hits a Bottom
Bargain hunting when the market hits bottom can be a very lucrative thing to do, but only if you know what to look for and what strategies to apply to the bottomed stocks. With experience and lots of patience, traders can come out way ahead in a bottomed out market.
Trading With a Global Perspective
The three Cs – currencies, commodities, and corporations – are bought and sold every second by millions of traders around the world. With this kind of global market, it is important to keep yourself in line with the rest of the world.
Seizing Trading Opportunities
It can be difficult to hold onto a winning trade and very easy to dump a loser – this is why so many day traders find it hard to make consistent profits. Find out how to balance the holding and dumping of trades and generate more consistent profits.
