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Opinion: You’re Not Going To Die!

Posted by John Doherty on January 24, 2020

I should say, you’re probably not going to die today...

Every few years or so, the CDC comes out and absolutely terrifies the American public with a new killer disease warning. Right now it’s a particular strain of Coronavirus coming out of China. Symptoms of Coronavirus are very similar to those of the common cold; runny nose, fever, cough, sore throat, often leading to pneumonia, and it’s spread through direct contact with an infected person.

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Topics: Market Updates, Trading Plan, Stocks, video, Market Forecast, Coronavirus

The Best Indicators the Coach's Use to Trade!

Posted by TopstepTrader on January 22, 2020

What's Right for the Goose...

The debate rages on. What’s the best indicator to use for trading futures? The answer is, there isn’t one. Are some better than others? For sure. It also greatly depends on what products you’re trading. If you’re tracking markets that rely heavily on fundamental factors for volatility, such as grains and meats, you would probably want to look at more time and price based indicators. If more technically reliant markets are your thing, like stocks and bonds, then pivots and oscillators might be more in your wheelhouse.

 

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Topics: Performance Coaching, Coach's Playbook, Trading Lessons, Trading Psychology, Trading Plan, John Hoagland, Dan Hodgman, Jack Pelzer, video

Trump Impeachment Takes Center Stage - Quick Reference Trial Calendar

Posted by John Doherty on January 20, 2020

Kicking off the week with the Martin Luther King Jr. Holiday may leave some trader’s feeling a bit lethargic. There’s been a lot of time off so far this year. Three weeks into 2020 and there have only been 12 full trading days. I will even go so far as to say a good amount of traders haven’t even started back at it yet.

It’s possible that this trend may continue through the week, but we still want to keep you as informed as possible of upcoming market events.

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Topics: Market Updates, President Donald Trump, video, Market Forecast, Impeachment Trial

The 7+ Habits of Highly Effective Traders with Jack, Dan, and John

Posted by TopstepTrader on January 20, 2020

This week on Limit Up! we’re getting back to the basics and taking a look at the habits and attributes of top traders. Jack, Dan, and John are on mic this week sharing some of their observations from their lives in front of the screens.

Listen in to find out why your P&L monitor is just a distraction, why the best traders are first to arrive and last to leave, and have an ultra-compulsive work ethic (we didn’t say all the traits are healthy). We’re also announcing the winners of the listener survey and sharing some of the feedback we’ve received.

If you’ve been wondering how you can improve your trading game, tune in and take notes.

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Topics: Limit Up! Podcast, trading strategy

How Linda Raschke Approaches the Market Open

Posted by Pat Crawley on January 19, 2020

Linda Raschke is a futures trader who has been through it all. Bull markets, Bear markets, the takeover heydays of the 1980s, the low volatility grinding post-GFC. She started as a floor trader, traded 'upstairs' from the floor, managed money for decades, and now trades from home in her 'semi-retirement.' If you ask Adam Grimes, whom we profiled last week, the vast majority of floor traders who tried to adapt to electronic trading failed desperately. 

Linda’s trading career got started almost by mistake. She landed her first job after college at a broker-dealer that happened to be across the street from the late Pacific Coast Stock Exchange in San Francisco. Due solely to her curiosity, she began hanging out there before work and scoping out what the hell was going on. The floor traders took a liking to her, and eventually, she got staked for $25,000 and became a floor trader. Not long after, she went bust buying short straddles on Cities Services (Citgo) before a takeover bid. 

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Topics: Trading Psychology, Futures, Linda Bradford Raschke, Trading Education, Adam Grimes

How to Create Consistent Profitability in Your Trading!

Posted by TopstepTrader on January 17, 2020

Putting the process before profitability…

Listen, nobody’s perfect. Everyone eventually puts on a losing trade; it’s an inevitable fact of life in this business. Today, the guys are going to walk you through a few lessons they’ve learned over the years about maintaining consistent profitability.

 

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Topics: Performance Coaching, Coach's Playbook, Trading Lessons, Trading Psychology, Trading Plan, John Hoagland, Dan Hodgman, Jack Pelzer, video

Bittersweet New Highs

Posted by John Doherty on January 16, 2020

The Failed Top Trade

Earlier this week I posted a blog article laying out guidelines and best practices for picking tops. As it turns out, this has been a textbook week to put them into practice…

Failed top trades have been a great scalp the last few days. The failed top trade consists of putting an offer in 2 ticks above the high with a 6 tick stop and a 12 tick profit target (for the e-mini S&P 500 futures).

This is the type of trade that should never be turned into a loser once it turns into a small winner. If it goes your way even a little, you should be prepared to scratch before it goes against you.

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Topics: Market Updates, Trader Behavior, Trading Lessons, Trading Psychology, Futures, Equities, E-Mini S&P, Trading Education, Market Forecast

The Future of Crypto Trading with Brock Connelly

Posted by TopstepTrader on January 14, 2020

Crypto has been around for quite a while but there are still many who don’t fully understand how it works or how it will change the industry further down the road. Tokenization has big implications and can potentially become a great equalizer. On this week’s episode of Limit Up! Brock Connelly of RoundBlock Capital is here to explain crypto futures.

Brock shares his advice for traders looking to get into the crypto space and talks about some of the common misconceptions people have about bitcoin and other cryptocurrencies. Listen for Brock’s tips and learn more about his new venture RoundBlock Capital. Stay tuned for this week’s MARKet Reaction.

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Topics: Limit Up! Podcast, trading strategy, Jeff Carter, Crypto

Are You Trying To Pick Tops?

Posted by John Doherty on January 13, 2020

I went out on a limb during Monday morning’s Market Forecast video by saying that the January Break started with the poor jobs report Friday. It was my first contribution to the daily video, and since it wasn’t a very good call, hopefully it won’t be my last. In hindsight, coming out swinging on my first day telling people to short the S&P probably wasn’t the best way to kick things off.

On a quiet news day, a thin-to-win type of trading environment took over, and before the noon hour struck (Central Time) my early call for a pullback was turned to dust. Even though the S&P 500 futures didn't print a new high until near the close, I don’t feel vindicated in the least bit. I know I’m toast on this one. The old adage that says you should “never short a quiet market” rings as true today as the first day it was written.

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Topics: Market Updates, Trader Behavior, Trading Lessons, Trading Psychology, Futures, Equities, E-Mini S&P, Trading Education, Stocks, video, Market Forecast

5 Steps for Creating a Great Trading Plan in 2020!

Posted by TopstepTrader on January 13, 2020

Following up on last years list years list of '5 Steps For Creating A Great Trading Plan In 2019', Jack, Dan, John and Mick are back to give you a fresh perspective for 2020! 

 

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Topics: Performance Coaching, Coach's Playbook, Trading Lessons, Trading Psychology, Trading Plan, Mick Ieronimo, John Hoagland, Dan Hodgman, Jack Pelzer, video

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