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Gold Will Soar: Driven By Largest Currency War Ever Seen

Gold Will Soar: Driven By Largest Currency War Ever Seen

  Is The Gold Bull Down For The Count? The person who lives by hope will die by despair.Italian Proverb Over the years we have frequently stated that every that every major bull market will experience at least one back breaking correction. Usually the correction culminates with a 50% pullback from the highs. In the case of Gold, this would equate to a pullback to $960.  The precious metal’s...

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3 Steps To Improve Your Trading Profits

3 Steps To Improve Your Trading Profits

In this case study, Nathan overcame a common tendency and turned his trading around Nathan’s trading results fell short of his expectations.  Often, his first trades of the morning ended in losses, and this soured him for the rest of the day.  Nathan knew the problem had to be mental, but wasn’t sure where to start.   There are many reasons traders lose money.  How we think about those...

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How Do You Know When To Sell?

How Do You Know When To Sell?

Berkeley professor Terrance Odean points out that decisions to sell are not made in the same way as decisions to buy. As the market appears to be in a swoon, let’s explore this timely topic a bit further.   It’s relatively easy to manage winning trades. There is little stress and plenty of self-congratulation. Indeed, studies show that investors and traders quickly take credit for trades...

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5 Trading Clichés: Fact Or Fantasy?

5 Trading Clichés: Fact Or Fantasy?

One of the joys of learning to trade is wading through so many diverse opinions about the markets, how they work and how you can trade them. In this article, we’ll look at 5 common trading clichés and try to figure out which are facts and which are fantasy. Secret price levels AKA Secrets of the “Pros” – this is one of my favorites. There are a few variations on this theme but the upshot is...

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What Does Personality Have to Do with Trading Success?

What Does Personality Have to Do with Trading Success?

Does personality have anything to do with trading success?  This is a question that a great many of us have asked, and it’s not readily answered.  I spent over five years failing in trading before I was able to see what had hindered my success for so long. Seminars and gurus dominated my life for years.  I paid several thousands of dollars a shot just to spend a weekend with numerous other...

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Trading Psychology: Avoid The Prediction Trap

Trading Psychology: Avoid The Prediction Trap

When I sit down to write for TraderPlanet, I typically mull over things that have occurred the same day in my coaching practice. It seems the fresher the experience, the more easily it can be milked for a few drops of insight. Tonight I had the pleasure of working with an aspiring futures trader, a corporate pilot by day who has dreams of retiring from flying and leveraging his navigational...

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How To Profit In Thin Liquidity Environment

How To Profit In Thin Liquidity Environment

It is a fact that liquidity in the markets has been decreasing for some time now. This is not just a feature of the holiday period, but certainly is more noticeable between mid July to around the third week in August. Thinning liquidity is in part due to the over mature long term cycle we are finding ourselves in.   Banks cannot trade as they used to due to tightening of regulations, low...

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How To Develop True Trading Confidence

How To Develop True Trading Confidence

Brett found trading confidence elusive.  "If only I was more confident, I'd be a better trader," Brett explained.  What might cultivate more confidence?  "Making more winning trades, of course."  Sorry, that’s the wrong answer. The Source of True Trading Confidence Trading confidence doesn’t come from the number of winning trades, how much money was won, or other ‘statistical’ measures. ...

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IPOs: Watch This Healthy Pet Food Maker

IPOs: Watch This Healthy Pet Food Maker

Before the market opens on Wednesday, July 22, healthy pet product maker Blue Buffalo Pet Products’ (BUFF) 29.5 million share IPO is expected to price within a range of $16-$18. The lead underwriters on the deal are JP Morgan and Citigroup. BUFF’s IPO comes on the heels of another healthy pet food IPO, Freshpet (FRPT), which went public on November 7, 2014. Taking a look back on how that IPO...

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Creative Visualization For Improved Trading Results

Creative Visualization For Improved Trading Results

Regular visualization is proven to improve performance by up to 10%. Professional athletes use it to improve performance, yet traders are for the most part unaware how this tool could have a positive impact on their trading results: At the beginning of this year I started working with a group of professional traders to help them improve their trading performance.  The group was given a novel...

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3 Problem Trading Behaviors: How To Solve Them

3 Problem Trading Behaviors: How To Solve Them

It’s worth reminding ourselves that every trader is responsible for their trading actions and behavior. How we behave or act (i.e., what we do or don’t do) when trading will largely determine our trading success.  Here are 3 common day trading problems related to how traders act.  Left untamed, they will lead to failure.  All are within the control of the trader and can, therefore, be...

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Are You Taking The Markets Personally?

Are You Taking The Markets Personally?

Don’t fool yourself: I know that you take it personally when a trade goes against you, and how can you not? After all your trading results reflect your skill level as a trader, or don’t they?   I have been trading since 2001. Like many traders before me I started out with a big ego and a strong “can do” attitude. It wasn’t long though before the market showed me a very different aspect of...

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Mastering the Emotions of Trading:Harnessing Emotion and Thinking for Highly Effective Trading

Mastering the Emotions of Trading:Harnessing Emotion and Thinking for Highly Effective Trading

“Trade what you see, not what you feel.” This axiom of trading seems so right, it is undeniable that all traders need to strive to achieve it.  The only problem with this oft quoted remark is what you see is influenced by what you are feeling – no exceptions.  If only traders could see the facts clearly without feeling, then they would be freed from the tyranny of emotional reasoning.  Then...

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Trader Development, Four Things Traders Need To Know

Trader Development, Four Things Traders Need To Know

I have traded since 2001. Since that time I have come to understand that the most difficult thing to understand about trader development is the skills traders need to develop first have, on the face of it, nothing to do with trading. It all comes down to one fundamental thing, which traders seem unable to grasp: When you develop as a person you can’t help but develop as a trader. If you...

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Predicting the Market: Are The Experts Really Expert?

Predicting the Market: Are The Experts Really Expert?

W. D. Gann – a trader active during the first half of the 20th Century and a developer of unique analytical methods, such as the Square of 9 and Gann Angles – was reputed to be able to predict within a few ticks the top and bottom of a stock’s range within a specified period of time.  Richard Wyckoff claimed that Gann’s trading ability was so good that it was “… probably unparalleled in the...

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