Featured Articles

High Caliber Trading With The Five and One Minute Rifle Charts
by Jea Yu

The markets are always shifting paradigms and evolving.  As Undergroundtrader.com goes into its twelfth year of operations, the methods we employ have also undergone a parallel evolution.  Static indicators and patterns have the least amount of foreshadowing pinpoint accuracy.  While they may loo...

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Stop Worrying Yourself Out of Profits
by Dr. Van K. Tharp, Ph.D.

Every time Michael thought about entering the market he said to himself "But what if I lose?" Those thoughts often paralyzed him from action or delayed his entry so long that many opportunities simply passed before he would pick up the phone. When Michael did open a position, all he could think a...

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An overview of trader tax strategies
by Robert A. Green, CPA

Many traders don’t take advantage of all available tax-related breaks. Unfortunately, far too many accountants still don’t know these breaks or the many nuances and pitfalls that accompany them. You should claim as many tax benefits as possible for the past tax year (i.e., the year for the tax re...

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When To Quit Your Day Job
by Jim Wyckoff

I have had many readers through the years--most of whom were less-experienced traders--tell me that at some point in the future they planned to quit their day jobs and trade futures full-time. While their optimism was certainly positive from the standpoint of eagerness to learn about a truly fasc...

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Stock Market: typical short-term corrections within long-term uptrends
by Robert W. Colby

Stock Market: typical short-term corrections within long-term uptrends…sentiment has quickly swung from extremely bullish to neutral…market is nearly as oversold as in July 2009…a bounce seems due for the week ahead. The recent 8-day stock price decline suggests normal profit-taking on news of ge...

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Currency/Commodity Markets
by Kevin Klombies

Jan. 29 (Bloomberg) — The dollar rose to a six-month high against the euro as reports showed the U.S. economy beat estimates by growing in the fourth quarter at the fastest pace since 2003 and consumer confidence improved in January. Given that we have been arguing in favor of a stronger dollar f...

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