Archive for December, 2015

Psychological Preparation for Trading (5)

Secret Five: Stick with the “big” trend until a change in trend tells you to exit. It is easy to take a small profit and run but in the end you will most likely lose overall with such a trading strategy. To succeed you must go the opposite way of majority traders. You must be […]


Psychological Preparation for Trading (4)

Secret Four: Be more than willing to switch positions. One of characteristics of floor traders is that they don’t use “stops.” When they see the market turn against them they simply exit all their current positions, and go the opposite way. For example if a trader is holding a long 10-contract position he will simply […]


Psychological Preparation for Trading (3)

Secret Three: Be more than willing to take small losses. In the real world, don’t believe it when someone says that he or she knew the direction a market would take ahead of time. In fact, there is no one who knows. Everyone is just acting on his or her best knowledge at the moment […]


Psychological Preparation for Trading (2)

Secret Two: Buy on price strength and sell on price weakness. One of the predominantly accepted concepts in trading is “buy low and sell high.” It seems simple enough (easier said than done), but it is an arbitrary concept. A trend is not a trend until it is underway. Using AbleTrend trading software you must be […]


Psychological Preparation for Trading (1)

Ten Secrets to help you prepare for trading success. The word “secret” is usually used for information shared by only a few people. The secrets on the following blog and upcoming series, however, are known and shared by many successful traders. Now they can be part of your knowledge too! Secret one: Know your trading […]


Why Forecasting Methods Do Not Work (2)

There are four reasons why these forecasting methods do not work in the real world: 1) The wave assignments are always made after the turning points have formed. They are a pretend crystal ball that only shows events after they have happened, not before. 2) Such software keeps changing the assignment. For example, if a […]


Why Forecasting Methods Do Not Work (1)

Turning points of time or price; forecasts, predictions, and target prices are on the wish lists of most traders. We get such requests frequently — can you build some kinds of forecasts in the software? We want to briefly address these topics from a point of view of a trend-following method. AbleTrend method only knows […]