T3chAddict

T3chAddict

Day trader. Tech geek. Sim Racing Enthusiast.

Writing a trading plan – part 1

Writing a trading plan Part 1   One of the best sources out there for learning anything about trading is definitely without a doubt; Investopedia. So many highly professional contributors and knowledge to be found there. That is also where…

Treating trading like a business

Treating trading like a business   Any business needs to have a structure and should be treated like, well… a business. For some time now I have been thinking about this. I’m not saying I’m already clear on the matter…

Road to becoming a trader

Road to becoming a trader   In these series I will mostly rant. I feel ranting for me puts a lot of things into perspective. Also, the mere fact of naming things helps me to clear things up. After which,…

Emotions in trading

Emotions in trading   As I am enjoying the nice weather poolside at my hotel in Macau, I get a few thoughts. Macau, for those that don’t know, is a place that borders to Hong Kong and China and is…

Leverage in trading

Why do brokers offer leverage?   When looking to trade Forex or commodities like I am, you’ll find many brokers offering a leveraged account. Promotions on how you can trade 40.000 dollars with only 100 dollars in your account. What’s…

Coming up with a game plan for trading

Coming up with a game plan for trading   This is bit of a part 2 to my previous article on where do you start to learn how to trade?  There I mention that if you don’t know where to begin.…

20/80 Rule

The 20/80 Rule   It’s always good to have a moment of reflection. Especially so when trying your hand at a new business. Many a times we get caught up in just completing tasks and staying busy. Thinking we will…

Best time to trade

When is the best time to trade? When is the best time to trade? This is somewhat of a personal question. I believe it depends on a few criteria. Where are you located? Where is the exchange located that you…

Understanding the big reversals

  The Big Reversals   Now that you know the basics and have played around with drawing trend lines on charts we can start looking at charts from a bird’s eye view. If you haven’t mastered the basics yet, I…

How to Analyze Historical Price Action

  In order to know how to trade futures, or any financial instrument for that matter, it’s important to know the history. In particular the historical data on the behavior of price action.   History belongs to the victor They say…