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Author: Online Trading Academy

Intervention and Opportunity

Last week, a major voice for the European banking system announced to the world that they would do whatever was needed to “save the euro.” As soon as I heard that, I went right to my charts and looked for a larger...

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Support/Resistance vs. Demand/Supply

Online Trading Academy graduates know the importance of reading price. They also center their trading decisions on trend and supply and demand. Many people who hear those terms from us for the first time mistakenly believe that...

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Knowing When the Bull Needs a Rest

Some Commodity Futures markets have price limits set on them each day by the Futures Exchange that the product trades on. A price limit states that the market is not allowed to trade higher or lower than these set limits. Each...

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What Are Bond Yields Telling Us?

Hello traders! In this week’s Lessons From the Pros article, I’d like to bring up a topic that is rarely discussed here, which is bonds. I’m not talking about futures contracts on bonds, but what bonds are and...

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Open Your Eyes

One of the first things I tell new Online Trading Academy students when they ask for advice is to really open their eyes and pay attention. What I am suggesting is that they pay attention to the reality of what is happening...

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Ticked Off

I was recently teaching a Technical Analysis Strategies online course and the topic of volume came up in the class. The students seemed surprised to learn that I do not look at volume on my charts while trading. When asked why,...

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Importance of Diversification

This article will address the importance of diversification among instruments when trading options. Although there can be various types of diversification, including using different option strategies, the purpose here is to...

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Leftovers

Prior to becoming a trader for myself, I had a career as both a broker and a trader for a brokerage firm. As I look back on that experience, I am thankful for many of the things I learned about people and the markets. One of the...

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