Tick Charts or Regular Charts?
Someone emailed me today to ask if I thought tick charts offered any advantages over regular charts. Here’s my reply: In this context a tick is a trade execution. So instead of dividing your chart based on time periods, you’re dividing on number of trades. A possible advantage of this method is that you will see a more regular representation of activity during slow and fast periods. To take an extreme example, in a slow moving market with very few trades occurring, you could...
Read MoreThe Stop Misconception
I get asked a lot about stops. So here’s a video explaining my view on when and how they should be used. Get the Flash Player to see this player.
Read MoreLet’s Get Practical
Ok, so enough of the theory, let’s get down to the nuts and bolts. In this video I come up with a simple trading strategy and look at how long it would take to learn, and how much you could make in a year – thus answering those two all time favorite questions! Get the Flash Player to see this player.
Read MoreOnline Backup
In the last video I mentioned that I used online backup to protect my data, and therefore my trading business. I mentioned I would post a link – here’s the one my technical guru recommended: Mozy This works on Windows as well as Macs. You can get a free version if you don’t want to backup too much stuff, or pay a few bucks a month for unlimited space. Your data is valuable, so if you don’t have a proper backup solution (ie not just an external hard drive but some kind...
Read MoreThe Business of Trading
It’s been far too long since I made a video. The problem, if that’s the right word, is that the markets these last few months have been just fantastic. It’s been too hard to tear myself away from the apparently never-ending supply of easy and profitable trades on the table every day. But tear myself away I did, and finally I recorded something new for you. In this presentation I talk about the business of trading, and trading as a business. I also try to answer possibly the...
Read MoreChoosing Software and A Broker
One of the questions I’m asked frequently, is can I recommend a broker, or a charting package. The short answer is ‘no’. There are hundreds of brokers and hundreds of charting programs out there for a reason; what’s right for one person isn’t necessarily right for someone else. To explain this better, and to offer my advice on how to choose what’s right for you, my latest video delves into the question. Get the Flash Player to see this...
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