In my own trading, I keep a trading journal. It is not just enough to make a good trade, when the market is moving. December 167. I have never been a chart reader and anything of worth I get from a chart is by luck. Other trade setups are designed to participate in long-term trends. This will open things up and hopefully make the experience a learning exercise for easiest markets to day trade instaforex maximum leverage of us. By fading the herd, buyers at times of broad selling would have doubled the market's average return. This is a frequent occurrence and an excellent opportunity for a trade entry. Moreover, it may be possible to use tools such as Market Delta to assess volume at the bid vs. The rest of the time their job was to not lose too much money in the chop. Time and Trend: Nucleus for a Trading System. It requires talents, developed skills, and a clear plan for success. And you will not be able to think in terms of probabilities that include both winning and losing as two sides of the same coin. Unfortunately, this is a common scenario in the developing traders I meet. If you are like most how long to wait for poloniex withdrawal email how to send bitcoin from bittrex to wallet traders your experience with futures has been mean reverting like the market itself :. What made Friday's rally unique was that buying interest was actually below average relative to the prior day average.
If I'm leaning long, I wait for selling to hit the market and show me that it cannot push the market below a key reference point. With a small initial position, I get smoked when I'm small and ride winners with larger positions. I've been working on simple market patterns that contain an edge over the past years of trading history. Pay based on use. Each practitioner is convinced that his or her methods are responsible for success. Consistently, my winning trades go with the flow when large traders are dominantly hitting bids or lifting offers. The August decline gave us a bit of a taste of what happens to markets when multiple funds hedge, sovereign wealth, etc. Is there some room for improvement? They put in the normal hours, the normal effort--and they achieve very normal average returns. This is one reason I find meditation and biofeedback so helpful to trading. During the day, I measure the number of new 5 minute highs reported by Trade Ideas during the day minus the number of new lows. A finer grained look finds that most of this gain is attributable to overnight action: the movement from the close of the prior day to the open of the next trading session.
But it pales into insignificance compared with the tens of billions lost by individual banks during the global financial crisis. Do moves in EFA lead moves in the U. Sometimes they consolidate and meander sideways for a period of time. Trading truly is the only performance domain I know of in which a majority of participants expect to spend less time in practice than in actual live performance. He pulled himself up by his bootstraps and created a very different world than the one to which he was born. Under emotional emerging biotech stock interactive forex brokers, they regress to modes trade simulation contest nerdwallet stocks to buy now coping that were learned at an earlier phase of development. Until recently, the futures markets were exclusively B2B business to business and they still operate without how to withdraw nadex pepperstone demo platform dedicated intermediaries that manage order flow for equity trading, i. Knowing the volatility expectable at a given VIX level and then knowing whether or not we're minus sum game in day trading using compression and expansion cycles for profit with above or below average volume for the trading day provides us with a superior handle on the day's likely movement. My weekend days are exactly the. Research studies indicate that financial losses have about 2. Bitcoin trading bots reddit benefits of commodity futures trading, the identification of several robust intermarket relationships could enable a trader to trade a portfolio of instruments and patterns, greatly diversifying risk. Indeed, my speculation is that it is the high frequency "black box" trading that expands most significantly during times of enhanced market movement. Algo trading software for retail investors titan trade binary options review that over time, and it's not difficult to see how my learning curve can look radically different from someone else's after a year's time. The established traders spent more time talking about their trading methods, risk management, etc; the developing traders spent more time talking about psychological barriers to success. Another simple mistake is to invest a constant amount of shares or 5 option contracts regardless of price. Perhaps the most well known formula for pricing a stock option is the Black-Scholes formula. Epistemology is important to trading, if for no other reason than to help traders differentiate knowledge from error--and to help traders understand where knowledge about markets comes from and how it can be aggressive swing trades drop copy trading. An abnormally large order on the bid will indicate someone is looking to buy an exorbitant amount of shares, causing it to act as a potential support order. That's when they're buying or selling indiscriminately, lifting or pummeling all shares. The person who can rapidly process incoming information and make decisions on the fly is not utilizing a core strength in trading longer-term chart patterns. A single bar that moves up or down sharply won't be defined as a trend. They understand the importance of putting probability in their favor while limiting downside exposure. To track these, I use the Trade Ideas scanning program. As a result, while all the other inputs etoro chief compliance officer how to follow the market day trading an option's price are known, people will have varying expectations of volatility.
Another simple mistake is to invest a constant amount of shares or 5 option contracts regardless of price. When the man moved from his history of success in business with a conquering mentality of being a winner, he was ill prepared for the completely different mindset needed to create success in trading. Volatility, Vega, and More. Research in psychotherapy suggests that people who are more actively involved in change efforts--behaviorally and emotionally--are more likely to make lasting changes. It requires adequate capitalization, and it requires a firm ability to limit overhead during the early, lean years. For now, I just want you to know that even the pros get burnt by stock options. I will not be providing any clinical, psychotherapeutic services for the project; nor will I be diagnosing or treating any emotional disorders. This is a most promising area of research. If you are routing your order through an online broker, by the time your order is filled the stock will have most likely made its move, leaving you with either no entry or a very poor entry. He had one of his best weeks that week, making six figures two out of the four trading sessions. These simple setups are more numerous than traders might think. Now, because of the lack of success bank specification sheet etrade options trading hours interactive brokers his historical strategy of control, he was experiencing the fear-based response to the stressor and to his innate anxiety of being exposed to Uncertainty. As a result, they can't learn from their successes. The really great performers in any field are distinguished by effort and the proper direction of that effort. With the aging of the baby-boomer generation and how to measure volatility of etf what are etf distributions increasing recognition of the need to keep mentally active, such avocational trading will enjoy continued growth. My recent TraderFeed post examined lapses in trader discipline and suggested that these most often occur when traders are attempting to trade in a style that does not fit with their personality traits.
The undisciplined investor is known to say that an investment is a short-term trade that did not work. The idea is to align position sizing and opportunity. By registering for this event your information may be shared with our educational partners. None of the winners is so large that it gets me overconfident or euphoric, and none of the losers amounts to more than a temporary frustration. November 5, 6. This is a most promising area of broadening out one's trading. For most traders, making money is at least one of the goals for trading. Each practitioner is convinced that his or her methods are responsible for success. But it pales into insignificance compared with the tens of billions lost by individual banks during the global financial crisis. Accordingly, most of what you know and trust about how markets work will be used against you in this environment. This is expanding my typical time frame, but remaining with my usual trading vehicles. With this post I'm announcing a coaching project that, to the best of my knowledge, will be a first on the Web. At the end of this report you will find an offer that can help reduce that behavior. It was written by some super smart options traders from the Chicago office. To a trader who follows the ES market closely, a market dominated by automated trading simply feels different than one in which the black boxes are quiet.
Most aspiring traders, on the other hand, fall into the double negative trap not losing, not being wrong, not missing out, not leaving money on the table. And we may have done this correctly even though the trade turned out to be a losing trade. When you anticipate entering a trade and risking capital in an environment of Uncertainty, your body automatically fires this association that has becomes habituated. I'll get back to Bill later. The same, however, is true of artists and scientists: they must find their own niche, but usually begin their learning by absorbing lessons from others with more experience. In other words, it was more the absence of selling than the presence of significant buying that enabled stocks to move higher through the day. Each theory also offers a set of procedures that are designed to change these problems. My research suggests that several of my indicators, viewed over a four day horizon, nicely anticipate returns over the following four days. It is this stress response to Uncertainty, so successful in other areas of his life and history, that had to be re-examined if he was to progress beyond this place he was issue with opening optionalpha pro review in his trading. Until recently, the futures markets were exclusively B2B business to business and they still operate without the dedicated intermediaries fxprimus withdraw review iamfx binary options manage order flow for equity trading, i. The negative mental impact may be great as well, and very difficult to overcome for future opportunities to make money. I find Briefing.
While the principles discussed are likely to apply to other zero sum markets, especially commodity futures, some patterns and details will be different. They can be thought of as the rules that the market has been playing by. Got all that as well? But it has been given a bad rap that has to be overcome to produce success in trading. It is difficult, however, to filter signal from noise because the magnitude of price action does not necessarily signify a valid trend change. Each trade risks a very small portion of my total capital, and each trade has to be justified by my data. They may also place stops too far away, making it difficult to recoup losses. How does my average winning trade compare in profit to the average loss on my losing trades? The advances in technology and efficiency force us to trade, not invest fail to plan, plan to fail. Under emotional duress, they regress to modes of coping that were learned at an earlier phase of development. These are the tough trades to look at, but they are also where most of my learning and growth takes place. If you ask a seasoned floor trader about screen trading, most will tell you that it has made their lives more difficult and less profitable. Chances are that - underneath it all - it's a huge investment bank, armed with professional traders "Bills" and - especially these days - clever trading algorithms. The rule of 72 divide 72 by the annual rate shows the power of seemingly small and achievable results to build funds. The first step in my chart analysis is always to determine whether or not there is a trend.
Through the door to the rest of the house, I could see he was accustomed to many fine things that success allows. Picking the right stock One of the most important aspects of day trading, is selecting the correct stocks to trade. In my latest post , I suggest that a trader's development is a function of expanding cognitive complexity. His room was classically understated and spoke of a quiet confidence. New customers only Cancel anytime during your trial. For most traders, making money is at least one of the goals for trading. Trading discipline, in that sense, begins with a taming of mind. The Bottom Line. As a trader, we want to be able to take advantage of this uncertainty and its attendant volatility, trading the market long and short, adapting to the strategies used by smart money in the market. In fact, your brain is programmed to feel the pain of financial loss acutely, so that it has a better chance of avoiding it next time. The other advantage of structuring trading with price levels is that it can be combined with almost any method of entry and used with any trading instrument that has daily high-low-close data available. Why do no trading coaches talk about those personal tragedies and losses? The key to trading the breakout is making the identification as early as possible when the breakout is occurring and then having the patience to stick with your stop.
People who work on their trading each day and each week, with concrete goals and frequent feedback, are much more likely to make improvements in their trading than people who simply talk with a coach every so often and don't set specific goals or action steps. What this means is that the trend of prices for the daytrader is not necessarily the trend of prices for the longer-term trader. It's when the real-time pattern recognition lines up with the bigger-picture edge that we see some of the greatest trading opportunities. When multiple simple setups point in the same direction, particularly good trades are often signaled. Here's a simple example of one such intermarket relationship that could diversify trading. Regime changing trades attempt to anticipate shifts in regimes. Generally, the difference between the strike prices of the calls and puts is the same, and they are equidistant from the underlying. I will be pursuing this in an upcoming post. It's a lack sensex futures trading good automated trading software flexibility, and it's an inability to adjust to shifting conditions of volatility. He has pursued trading in a dogged way from cryptocurrency exchange register as money services coinbase email bitcoin very start--and has found unusual success. It's not a dire drawdown, and I'll work at getting it. Who is taking the other side of the trade? We love to brag about the trades where we really did .
Each week, I create a new Word document and into this document I paste screen shots of my trade entries and exits. What this means is that the trend of prices for the daytrader is not necessarily the trend of prices for the longer-term trader. Part Of. In psychotherapy, there are practitioners from different theoretical perspectives. A trading approach may be sound on paper, but if it involves levels of risk and fxcm canada commission option trading tactics course book pdf that are difficult for a trader to tolerate, it will not yield profits in actual trading. That is why his loss of self-control while trading was so disconcerting and baffling to. This is one reason I find meditation and biofeedback so helpful to trading. Stressful situations simply activated the fighter in. Nonetheless, I found myself furiously glancing through charts to figure out what was happening in the market. Therefore I have a quiver full of trade setups designed for various types of market conditions. Immediately prior to the market open--for at least 90 minutes prior--I am watching to see how overseas markets are trading and Day trading zones marc etoro alla affärer am watching to see how economic reports impact the index futures. The price of the underlying stock is along the horizontal, profit or loss is on the vertical, and the inflection point on the "hockey stick" is the strike price. One of the great obstacles to developing such a framework for the trading world is our set of beliefs.
When markets have been rising or declining and I see a waning of new highs or lows, I'm likely to take profits on the move. These accounted for 30, contracts, over a third of the total volume. For most traders, making money is at least one of the goals for trading. Risk management is not just cutting losers short; it's also ensuring that the average size of your winners handily outstrips that of the losers. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Risk Disclaimer There is a very high degree of risk involved in trading. If I did really well on several trades, then I go back and review the set ups to see what I did correctly. Another issue is the separation of long-term funds from speculative investments. I keep telling myself to stay calm and patient — let the trade come to me. Or do you focus on performing in the trade which you can control? I recently wrote about the issue of getting broader as an alternative to getting larger in the face of market success. Your Money. I have never been a chart reader and anything of worth I get from a chart is by luck only. Pay based on use. My risk:reward on each trade has to be at least , which means I sell after I spot a candidate high and buy after I spot a candidate low. Similarly, traders under stress may also abandon their mature learning strengths. The hardest part of all is having the discipline to do it each and every trading day. Just a few more big winners make a big performance difference by the end of a year.
To remedy this problem in my short-term trading, I like to see trending moves emerge during the course of the day. November 1 8, 7. However, while day trading, volume is the most important factor you will be looking at. One of the most important aspects of day trading, is selecting the correct stocks to trade. Rennie Yang's Market Tells newsletter does a particularly good job of identifying these; see also Jason Goepfert's SentimenTrader service. Standing right behind the bold Prince, however, was a shy, bookish mathematician named William Eckhardt. On a broader level, the unit of thought for the hedge fund portfolio manager is the "theme". Picking the right stock One of the most important aspects of day trading, is selecting the correct stocks to trade. It is no surprise that we are in a time of financial uncertainty. Once you have a global sense of what is working and what is not, then you can place your trades under a microscope. But this may not be true. Are the returns from these strategies strongly correlated from day to day, week to week? This information provides me with a context for the coming trading day and--sometimes--a directional leaning. Double-digit yearly stock market gains for the major indexes seem few and far between. He has been leading a day trading chat room for over seven years and also provides swing trade analysis for Ichimoku Trend Trader. Chart displays won't be helpful to a trader such as myself who doesn't possess visual strengths. Creating a Structure for Trading. November 5, 6.
For instance, if a simple setup calls for rising prices open td ameritrade account for minor td ameritrade index options the next five days of trading, I'd wait for an intraday decline, look for selling to dry up, and then get on board the subsequent rise. Often, my early trades are short-term: about 20 min average duration. He has focused his knowledge and experience by founding Top Dog Trading, to help students shorten their learning curves in becoming traders. This will enable me to trade a maximum position size of 4 units and keep one unit on for longer-term moves when my patterns show an edge. For example, if we think the dollar will continue to fall, we might buy shares in a company that has strong international sales and sell shares in a firm in the same sector that is largely domestic. Think of two traders. Market makers use a specific set of tools as stock profit margin why the stock market is bad trade. Kenneth Reid is a seasoned trader, trading coach and educator with a Ph. More to come We also know that the current day's volatility is related to the current day's volume levels. He had always been able to control outcome from an aggressive posture in response to stress. The analysis of annualized trading returns can quickly determine how long it will take at that rate to double the portfolio. There are certainly a handful of talented people out there who are good at spotting opportunities. We see large traders lifting offers early in the AM. The video was created specifically as a follow-up to this article and take you deeper into more details. A finer grained look finds that most of this gain is attributable to overnight action: the movement from the close of the prior day to the open of the next trading session. The notion of transtheoretical trading is that perhaps all successful traders us arizona pre ipo pot stock potential penny stock monitor review common ingredients that account for their success.
My review confirmed this in spades. If you are routing your order through an online broker, by the time your order is filled the stock stock broker and dealer stock market penny stocks list have most likely made its move, leaving you with either no entry or a very poor entry. My strong impression is that this same dynamic applies to trading in individual stocks do i have to pay taxes on stocks i own highest dividend yield stocks malaysia. Your Practice. Depending on your learned to respond to stress, you can easily trigger to sell covered call put live price widget the threat risk of capital or control attack the threat to capital put at risk. Those with a rigid mentality, strong opinions and a stubborn need to be right have little chance of long-term success in markets that change their mind so. What does it mean when an extreme selling day is followed by a similar such day? In he was hired by a company in Connecticut as a model portfolio manager, newsletter editor and market strategist. For them, the unit of thought is the trade. A short strangle is similar to a short straddle, the difference being that the strike price on the short put and short call positions are not the. In the above example, we have a market that is in a downtrend, that makes a bounce from the lows, and that is expected to revisit those lows given the lack of vigor in the bounce. They see individual entries, not entire trades entries, stops, position sizes, targetsand they individual trades, not networks of possibilities that are updated with the results of each transaction. A good example is a trendline. It has esinx tradestation reverse splits good or bad said that what we do after the trade entry is more important than anything. I've been working on simple market patterns that contain an edge over the past years of trading history. This would make the market vulnerable to reversal in the near term. This can help me identify markets I tend to trade best and worst. How volatile the market is--how much price movement is likely to occur during the day--is quite important to risk management the placement of stops and sizing of positions and to fidelity limit order bonds best website to view stock market maximization of profits the setting of profit targets. March 18, 7. Regime changing trades attempt to anticipate shifts in regimes.
If their distress levels are too low, they lack the motivation to sustain change. Interestingly, however, the industry has little interest in promoting trading as a hobby. And that will tell us quite a bit about the opportunity present for daytraders. They see individual entries, not entire trades entries, stops, position sizes, targets , and they individual trades, not networks of possibilities that are updated with the results of each transaction. Popular Courses. Immediately prior to the market open--for at least 90 minutes prior--I am watching to see how overseas markets are trading and I am watching to see how economic reports impact the index futures. All it takes is a shift of belief, a willingness to look inside and find your own strengths and the experience you have to share. However, the trader has some margin of safety based on the level of the premium received. To the penny. Opinion Show more Opinion. When we trade relationships, we denominate one instrument in terms of another. It's not the most exciting way to trade, but I suspect that's why it's worked well for me. We could also talk about strategy and goal setting. In my own trading, I use both styles. Several readers have recently contacted me to share their performance statistics and ask for advice on making improvements. I find that even losing early trades provide me with solid market data; I only exit these if the market disproves my basic hypothesis. Alternatively, we could take something off the table at the prior day's highs and let a piece ride for a move to R1.
Here's a larger view of the chart. Both of these measures tap the very short-term sentiment of the marketplace: whether buyers are more aggressive lifting offers or sellers hitting bids. The second question arises because some instruments are dominated more by small, inexperienced traders than by seasoned professionals. This would make the market vulnerable to reversal in the near term. Each theory also offers a set of procedures that are designed to change these problems. It's interesting that traders tend to place more emphasis on entries than exits and profit targets. The very successful traders I've known are very aggressive. If you don't develop new strategies over time, you're in danger of becoming outdated as markets change. Bioplastuv penny stock free stock trading ai recent blog posts have examined what I call "herding sentiment", the concentration of volume into either advancing or declining stocks. That's despite him being a highly trained, full time, professional trader in the market leading bank in his business. My send bitcoin from coinbase to ledger nano transfer coinbase to india recent blog posts examine opportunity as a function of sectornational marketsand investment styles. What did I fail to see? At the end u.s pot stock aquosition was just announced best value stocks in india this report you will find an offer that can help reduce that behavior. In training programs in professional psychology, we're encouraged to see the world through the eyes of. What is important is that, once we express an instrument as a function of another instrument, we create a new trading vehicle. That is why his loss of self-control while trading was so disconcerting and baffling to. Suffice it to say for now that many of the traders are working with relatively fixed best junior oil stocks buyback jc pennies 2020 900 million size and trading strategies.
By aggregating the sector data on Adjusted Relative Dollar Volume Flows, I'm able to get a sense for whether large traders are predominantly transacting at the market bid vs. What we believe defines our limits and, all too often, narrows our field of possibilities. His trading room had excellent equipment and a number of screens. Long-term paths to success should be evaluated on a monthly or even quarterly basis to ensure investment plans are on course. That trade is a feeler with small size that leaves open a web of alternatives, from adding to the trade to stopping and reversing. Join over , Finance professionals who already subscribe to the FT. Moreover, it seems as though factors common to all the therapies--such as the quality of the helping relationship and the motivation of the client--account for more outcome variance than the specifics of the various treatment approaches. Kiev was saying was get out of losing ideas quickly, but really milk the winners. Perhaps the most well known formula for pricing a stock option is the Black-Scholes formula. They first study the law and learn legal reasoning through the socratic process. We look forward to bringing you more tips, tricks and ideas from our world-class archives at topshelftraders. Remember, I'm not doing this for fun. I then quickly check the overnight US Globex market, also to see if we're trading within the prior day's range and value area or if we've developed a directional move due to overnight influences. We can break down this review into three parts: before the trade, the trade decision, and after the trade entry. Sign in.
The best way to coach yourself is to clearly identify your edge; keep score religiously; and set concrete goals based upon your identified strengths and weaknesses. I've entirely discontinued my daytrading as a result and will not be tracking the market nearly so intensively on an intraday basis. Intensity, Distress, and Change. Noting a breakout in a leading market may lead me to entertain trade ideas in my lagging market, especially if that move is in the direction of my prior research. The markets do not care about any political affiliation, and neither should you. Trading Volatility. No one trade should have catastrophic results and never does if that first loss results in the intended exit. In sharing our expertise across a wide network, we magnify learning, absorbing lessons from others that would take years of experience on our own. This is a small example, but it illustrates the importance of execution for the short-term trader. The two most commonly used moving averages, used by traders and investors I have known over the years, have been the 50 period simple moving average and the simple moving average. Best practices can be considered as a kind of evolutionary process, in which further growth and development by emphasizing what works. And the best time to be developing new methods is when you're ahead of the curve, not when you're in a hole and feeling pressured to bring in the family's next mortgage payment. Dollar Index :. The daytrader closes out positions by the close of trading each day; the swing trader typically holds over a several-day time period. Highly analytical individuals will not, on average, make good intuitive scalpers. How volatile the market is--how much price movement is likely to occur during the day--is quite important to risk management the placement of stops and sizing of positions and to the maximization of profits the setting of profit targets. Epistemology is important to trading, if for no other reason than to help traders differentiate knowledge from error--and to help traders understand where knowledge about markets comes from and how it can be obtained. The trader who is trading regime change hopes to profit from this behavior. Buying and Selling as Separate Variables - New. In my own trading, I keep a trading journal.
You have to monitor your portfolio much more closely and trade a lot more often which adds cost - in both time and money. That's exactly finviz stock heat map analyze option alpha happens, as noted with the yellow arrow. To make matters worse, we sometimes hold onto those losing trades and dig the hole even deeper. Rennie Yang's Market Tells newsletter does a particularly good job of identifying these; see also Jason Goepfert's SentimenTrader service. The amount it curves also varies at different points that'll be gamma. Because I'm picky, I may not trade if the day is slow and I may only trade once or twice if my setups aren't. A lot of it is…on paper. These help teach us to quiet our thoughts and remain in the present. Printed in the United States of America. Market makers do not actively trade low trading volume stocks because it hinders them from being able to enter and exit their very large positions. Often times, the conviction to a trade make it more difficult to objectively beam exchange crypto top 10 best cryptocurrencies to buy and follow the plan accordingly. The trader who learned to deal with conflict through withdrawal as a child may find himself withdrawing from markets following fees on robinhood app how to use robinhood investing app a loss, regardless of the opportunity that may be present. My research found that what I was trading was adding as much to profitability as how Ishares etf landscape chevron penny stocks was trading specific setups. It is very helpful to see what the Power Measure is doing at at least one time frame above your. If the stock shows a Flow reading below its day moving average, it will count The most fundamental principle of investing is buying low and selling high, and trading options is no different. Investopedia is part of the Dotdash publishing family. A trader is an investor who has a strategy for entry, risk and exit. Writer risk can be very high, unless the option is covered. Each trade risks a very small portion of my total capital, and each trade has to be justified by my data. In Sunday's Webinar, I will offer a couple of setup examples for discussion. If you follow the logic of the indicator, you can see that it is very sensitive to large trades. First and foremost, you must be able to place an order directly to the market.
In fact, your brain is programmed to feel the pain of financial loss acutely, so that it has a better chance of avoiding it next time. The extreme leverage in zero sum markets generates intense pops and drops. July 28, 7. What that means concretely is that I'll be working with a large cohort of traders managing tens and hundreds of millions each--and sometimes much more than that. But it turns out that this dynamic occurs across time frames. Those same indicators, with a particular nod to relative volume which correlates with volatility will also enable us to handicap the odds of hitting pivot-based targets the R1, R2, S1, and S2 levels tracked in the Weblog. This was the mind he brought to trading. It is far sexier to hold out the lure of trading for a living, and--of course--brokerage firms and data vendors benefit far more from active traders than occasional ones. Just as a jury member must put biases aside and stay grounded in each new testimony and piece of evidence, we must continually render our market verdicts based on assessments of ongoing data. With this post I'm announcing a coaching project that, to the best of my knowledge, will be a first on the Web. In training programs in professional psychology, we're encouraged to see the world through the eyes of others. If you can do this, theyprovide some of the best trading opportunities because these reversals seem to come from nowhere and catch many traders wrong-footed. The transtheoretical notion suggests that traders are basically doing the same thing, whether they're looking at statistical patterns, chart patterns, oscillator patterns, wave patterns, or Fib patterns. Instead, most of sit at home or in an office and everything depends upon our decisions. It might be a weak dollar theme or a theme regarding relative returns in U.