My apologies to those who saw this on YTC Social Media last weekend. The fact is that this is far too important to let slide. And it will reach a FAR GREATER audience through my newsletter and blog. The following is a damn good video on developing an effective trading mindset. Play the video. And…
Let’s start with the daily chart THREE sessions ago: TWO sessions ago: And now ONE session ago: And today: Can I say… I LOVE traps in the market. All markets. All timeframes. And while I don’t trade the daily chart, the fact that the market set up like this on the daily greatly influenced my…
Let’s do a variation of the “Long is Wrong” topic which we covered in recent years. https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-2/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-3/ https://yourtradingcoach.com/trading-process-and-strategy/long-is-wrong-4/ Here’s the concept: Today I want to flip that on it’s head. Because the reverse is true as well. And it sets up some great opportunities in the markets. And again, we’re looking for…
I’m certain there are not many “jobs” at all where people look forward to Mondays. Trading is the only one that I’ve found. Even more so when I’ve been away from the markets for a while. So this was my social media post sent out pre-session on Monday. A little reminder to slow down and…
I’ve shared this idea a few times now over almost a decade and a half of writing YTC articles. Surprisingly, it’s not something I’ve heard discussed by other educators. I doubt I’m the only one who thinks this way. But perhaps that is what you get when you question common advice. And you should always…
Emotion drives price. And at the market open, STRONG emotion can drive price with strength. Tuesday offered a perfect example, with a pre-market news-driven price shock resulting in a strong bearish trend day. A day which screamed out to be traded on the short side. But let’s back it up first and look at some…
I was thrilled to receive an email on Tuesday from a trader who has taken this recent YTC concept and achieved a new “first”. His first ever 100 point runner. Actually… it looks like closer to 110 but who’s counting! From the email: Hi Lance I don’t know if you remember me from earlier this…
Ok, maybe not quite a complete strategy. More of a good foundation from which one can be built. Let’s revisit the exercise discussed last week in Trader Performance Drills – Part Three. This was of course not meant to be traded. It’s a drill. An exercise used to improve skill in quick market analysis. In…
I just want to share a quick followup to a comment made a fortnight ago, in the article: When Price Stretches to Reach the Level. So let’s see the outcome. Note the first leg down with two overnight gaps. Interestingly, the second gap has still not completely filled. And note the second leg providing…
Let’s start with a post sent out to YTC Social Media last weekend: This line resonated with me: “the most important talent may be the talent for practice itself.“ And it reminded me of two prior YTC articles: Trader Performance Drills Trader Performance Drills – Part Two A great topic that has deserved far more…
