A Golden Cross is an indicator for bullish breakout patterns that are formed when an asset’s short-term moving average (STMA), such as the 50-day, crosses over its long-term moving average (LTMA), such as the 200-day. These crossings signify breaks above key levels of resistance. Since the LTMA indicator is more influential, golden crosses are […]
Day 67 of the $583 Challenge +$2,547.44 Alright guys, so time for a midday market recap. We’re going to go over trades from this morning. Over all not a bad way to start the week. Finishing the day up $2,547.44, which makes this my sixth consecutive green day. Today is day 40, sorry, day 67 […]
Being a Rollercoaster Trader – Behind the Trades | Ep. #6 Alright guys, so, time for episode six of Behind the Trades. I know you guys have been eagerly awaiting this episode. We’re going to jump in here, and the topic of the day today is being a roller coaster trader. Now, this is going […]
Day 66 of the $583 Challenge +$3k All right guys, so time for our midday market recap. We’re gonna go over trades from today. Finishing the morning with $3,060. Not bad. Not a bad way to end the week at all, considering I ended last week with a $5,000 loss. I was already up just […]
MultiCharts Review | What You Need To Know As an award winning trading platform, MultiCharts upholds the best practices in the industry by offering users a freedom of choice. The name – MultiCharts – was selected to depict the freedom users like you will have and work with. Currently, traders in over 39 countries […]
The OTC markets, short for Over The Counter, allows for the trading of assets without the formal structure of an official exchange. This means that the trades are made in private between clients and dealers, or intra-dealer trades, without the price or terms of the trade being made public. This arrangement is in stark contrast […]
A credit spread involves simultaneously selling and purchasing an option on the same underlined futures contract but at different strike prices. The option that you sell is going to be at a higher level or closer to money than the option you purchase, resulting in a net credit for the trade. Options that are closer […]
Day 65 of the $583 Challenge +$745.58 All right guys. Time for our midday market recap. Today is day 65 of the $583 challenge, and my account is just under $115,000 here in 65 days of trading. So not bad. I hit 100K in 44 days, and the last 20 days have been challenging in […]
Trading in the markets is one of the most stressful professions on the planet. Prices are constantly in motion, and you need to be consistently and effectively processing an amount of information that would leave the average person dizzy and reeling. On top of all this you are competing with some of the smartest people […]
Day 64 of the $583 Challenge +$1,231.70 All right, guys. We’re going start our midday market recap here. We’ll go over the trades from this morning. Overall, another kind of slow day for me, only $1,200 profit. Actually, $20, just $20. I guess it’s lower than yesterday. I think yesterday I was at 1,250 […]
