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Trading Insights

Adding to Positions and How it Affects You

Adding positions to an open trade is an advanced trading technique that, although potentially risky if not done correctly, can magnify profits exponentially. But just like every other aspect of trading, this technique can have a strong psychological effect that may hinder your trading performance.

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Range-bound markets making you *crazy*? Here’s how I am handling them.

I have been focusing on longer-term time frames and the ranges on these charts because in my opinion, this time frame offers the ability to often stand above the fray of the intraday volatility and provide a clearer (more psychologically relevant) view of the trend. This has been especially the case with the recent happenings of Egypt and Libya effecting the market around the world.

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EUR/USD: Perfect Setup? – Stopped Out

I think I jinxed myself! I said that it was going to be a perfect trade so many times that the markets heard me and turned the tables against my favor. Ha! Kidding! I have no one to blame but myself and the market isn’t out to get me (or any of you either, dear readers).

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Not everything that can be counted counts, and not everything that counts can be counted.Albert Einstein