The #1 tip for better trade entries | Traders Improved (#147)
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The concept of confluence will help you improve your trading processes and, therefore, also your results. 

 

 

The AlphaMind Podcast
The AlphaMind Podcast
Steven Goldstein & Mark Randall
Glen Goodman: The Crypto Trader.
Glen Goodman is a cryptocurrency contributing expert for the London School of Economics and was formerly a Business Correspondent for BBC News and ITV News, interviewing leading politicians, including Boris Johnson, David Cameron and Theresa May. Glen is the author of The Crypto Trader, published by Harriman House. In this Amazon bestseller, he draws on 20 years of trading experience to show how to trade cryptocurrency successfully. Glen's Facebook page, Glen Goodman – The Shares Guy, has a quarter of a million followers. It focuses on teaching people how to invest sensibly in cryptocurrencies and other investments. He is regularly interviewed about cryptocurrency and other business topics for BBC TV & Radio, Reuters TV, Al Jazeera, LBC, The Guardian, The Independent, The Telegraph, Forbes and Newsweek, among others. Glen started trading cryptocurrencies while they were still in their infancy and quickly discovered there were enormous profits to be made. With his trading experience he was able to make those profits – and keep them, while most other traders were losing their money during the Bitcoin crash of 2018. Glen has continued to trade cryptocurrency successfully during the market recovery. You will come across few people with a greater passion and enthusiasm for trading than Glen. His first experiences of trading were in the dotcom bubble. Those first experience, as with so many who enter their trading career in a raging bull market, ended up being a painful one. However, Glen was hooked and was determined to learn how to trade, so that one day he could beat the system. Whilst Glen worked as a news journalist and reporter, he continued to learn how to be a trader. Eventually after a number of years, he hit upon the sort of consistent performance which meant he could commit more time to his passion. Combining his work and his passion for trading led to some interesting incidences. One story Glen tells is of the time he was reporting from the middle of anti-capitalist riots, being surrounded by mobs of anarchists throwing bricks at bank buildings and battling the police, whilst all the time he was busy trading and booking profits on his phone.  These days, Glen is a full-time trader. As you can hear from this vibrant conversation, Glen has great enthusiasm for trading. In this interview, Glen shares his story and his journey into trading, talks about his early experiences, his learning journey and the time when it all started to come together.  We also discuss crypto trading, its challenges and the nature of the crypto which differentiates it from other asset classes. Glen, as you will hear, is refreshingly honest, objective and well-informed about all things crypto. He is not an obsessive ‘hodler’ of bitcoin who believes it’s the greatest thing since the dawn of time, he is just curious about crypto, actively trades it, and is willing to be long when it's bullish and short or out when bearish. To know more about Glen Goodman you can visit his Facebook page: The Shares Guy and follow him on Twitter: @glengoodman Glen’s book: The Crypto Trader is published by Harriman House – details of the book can be viewed here: https://www.harriman-house.com/cryptotrader
1 hr 13 min
How To Trade It
How To Trade It
Trading Strategy Guides
The Basics of Selling Options with Scott Williams, Ep #45
*Subscribe to **How To Trade It* Most options traders buy a call or a put. With a call option, you want the stock price to go up. If you buy the put option, you want the stock price to go down. It’s the way most options traders trade. But what if you want to be on the other side and sell options? What are the best strategies to maximize your wins and minimize your losses? In this episode of How To Trade It, Scott Williams—the President and Co-Founder of Relentless Trading—sheds some light on selling options. Don’t miss it! You’ll want to hear this episode if you are interested in... * [1:42] How Scott got started in trading * [3:15] How Scott learned options trading * [7:31] Selling options for a premium * [13:48] Selling a put option * [15:54] Shoot for a high winning percentage * [21:26] How to handle volatile markets * [27:11] More about Relentless Trading  Connect with Scott Williams * Get 25% off of Scott’s training course if you use the code “CASEY25.” * Relentless Trading * Friend on Facebook * Watch on YouTube * Connect on LinkedIn Connect With Casey Stubbs * Website: https://caseystubbs.com * YouTube: https://www.youtube.com/TradingStrategyGuides * YouTube: https://www.youtube.com/caseystubbs * Twitter: https://www.twitter.com/caseystubbs * Facebook: https://www.facebook.com/TradingStrategyGuides * LinkedIn: https://linkedin.com/in/caseystubbs * Newsletter: https://financeandmarkets.com/ *Subscribe to **How To Trade It* Support the show (https://caseystubbs.com)
31 min
Online Forex Trading Course
Online Forex Trading Course
Andrew Mitchem
#396: How Using Retracements Will Help Your Trading Results
How Using Retracements Will Help Your Trading Results  Podcast: #396: How Using Retracements Will Help Your Trading Results In this video: 00:26 – The biggest difference to my trading success 01:06 – The many benefits of using limit orders 01:46 – Frees up your time 03:57 – A real time example on the EUR/NZD H4 chart 05:03 – Using retracement entries will massively help you Using retracement orders can massively improve your trading success. Let's talk about that more right now. Hi Forex traders, it's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 396. The biggest difference to my trading success Now, next week I'm going to be speaking at a virtual trading week for a group of traders over in Singapore. I've been asked to speak as a special guest. And the guy who's organising the events said to me, "Andrew, I want you to talk about on a topic that can help people, but choose a topic that made a huge difference to your own trading success. Like what helped you as a trader to change your trading around and what made it so successful." So I've got quite an interesting topic and it is all about how you actually enter the market using retracement orders. The many benefits of using limit orders Now you see, there are so many benefits to using retracement orders.And when I'm saying retracements, I'm using what's called limit orders, so buy limits or sell limits. So if you were to take a buy trade, for instance, a buy limit order means that you're entering the market below the current price. If you're taking a sell order, you are entering the market above the current price. So in other words, you're getting in at a better price after the price has retraced from where it currently is, and then you're anticipating it to then continue in the direction of your trade. Frees up your time Now, huge number of benefits to this. One, time-wise. Now a number of people stress about sitting and watching their charts all the time. You know, you're missing out on trades, or you don't know when to be at your charts. Now we simplify that here at the Forex Trading Coach by only looking at a candle at the close of the candle, that's the only time we look at a trade. So once you do that, then we get people that say, well, I cannot be there at at 12 o'clock or four o'clock, whenever the candle closes. But the beauty of taking retracement orders is you don't actually need to be there. So, as an example on a buy trade, we're still looking at using our same profit target, our same stop loss, but rather than entering at the market and needing to be there at that time and having a smaller reward to risk, we're looking for the price to first fall, get our buy limit order filled, and then head up in our overall anticipated direction. Massive benefits time-wise. The other massive benefit also you can see, we've now increased our reward to risk of the trade. And that's massively important psychologically. Now you don't need to be winning 80, 90% of the time. And you think about this in simple terms. If you have trades that are three to one reward to risk on average, and you take three trades, one of them's profitable, you just made one and a half percent on your account by using half percent risk. You have two losing trades following that, you've lost 1% total. So out of the three trades, you've only making 33.3% of the time. You're only profitable on a third of your trades, yet you've still made half of 1% gain by using half percent risk on each of those three trades. So people that say, "Look, I need to be profitable 80, 90% of the time." Most of those people don't make money. And you think about this, if you're making one out of three profitable trades,
5 min
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