MY TRADING TIPS & EDUCATION POSTS. TECHNICAL ANALYSIS & TRADE IDEAS POSTED HERE TOO!!

JASON’S BLOG

This is one of many ways trading screws up your head!!

Jason Sen August 13, 2024 No Comments

Having expectations as a day trader can be counterproductive: 1. Overconfidence and Bias: – We expect a certain outcome & become overconfident, leading to biased decision-making. This can result in disregarding important signals that contradict our expectations. – Example: You expect a stock to rise after a positive earnings report.

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A well-maintained trading journal will enhance your trading performance.

Jason Sen August 6, 2024 No Comments

A trading journal is an essential tool for any forex trader, especially beginners. It serves as a detailed record of your trading activities, helping you to track your progress, identify patterns, and make informed decisions. We will explore the purpose of maintaining a trading journal, the components of a comprehensive

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Identifying Head and Shoulders Patterns

Jason Sen July 31, 2024 No Comments

What is a Head and Shoulders Pattern? The Head and Shoulders pattern is a reversal pattern that signals a change in trend direction. It consists of three peaks: a higher peak (the head) flanked by two lower peaks (the shoulders). This pattern can appear in both bullish and bearish markets,

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18 reasons why you must use stop-loss orders

Jason Sen July 30, 2024 No Comments

What happens when traders do not enter stop orders? What is a stop loss and where do I place it?   A stop loss is an order that will automatically close your open position when a price is traded. You MUST always enter a stop loss when you execute a

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The key differences between day trading and gambling

Jason Sen July 29, 2024 No Comments

If you want to build a career in trading treat it as your business, not your hobby. If you are trading for entertainment, (like when people go to horse racing or the casino), set a monthly budget & only risk what you can afford to lose. Go ahead and have

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