Tag: day trading

Win at DAY Trading Tesla

Posted on by Pro. Trading Coach Kevin Michaels in investing, stock trading, stockmarket

The head and shoulders technical analysis pattern is a bearish set-up, that works in both up and downtrending markets. In my experience, it can serve as a reversal signal after a bullish lead in. Moreover, it can work, as a conclusion to a bearish market rally.  Most important, is where you base your risk, as many funds are squeezing through the pattern, reversing through the ride should right through the head.

Here’s a recent trade I did below during the week of 2/10.

Kevin Michaels, Trading Coach

winnersedgestocktrading.com

650-262-6524

 

head and shoulders technical analysis pattern

$200 in 5 Minutes VS. 8 Hours of Work

Posted on by Pro. Trading Coach Kevin Michaels in stock trading

Our economy, to a large degree is driven by our Blue Collar workers. I too worked for a wage decades ago.  The shift for me came when I demanded more for myself and made a firm decision to Stop Making a Living and start Designing My Life.

Once I made a decision to demand more from myself and for myself, stock trading fell into my lap.  Over 10 years later, here I am still trading. It’s Mind Boggling to think that I make $200 on one contract scalping the /NQ in 5 minutes when it would take me 8 HOURS to earn this decades back!  Thousands still work long hours to earn a nominal wage without realizing the opportunities available through trading.

The beauty of this is, trading is available to anyone and everyone, independent of their education, sex, gender or ethnicity. All you need is a driving force to succeed!

To Your Success,

Kevin Michaels, Founder

Winner’s Edge Stock Trading

www.winnersedgestocktrading.com

 

How to Win at Stock Trading

Posted on by Pro. Trading Coach Kevin Michaels in stock trading, stock trading tips

As a Professional Stock Trading Coach and Founder of Winner’s Edge Stock Trading with over 10 Years of trading full time, I can attest to the emotional toll that stocks and options trading has on an individuals mind and emotional well-being.

I have found that if we can train ourselves to operate within a strict framework of rules, we will increase our success exponentially.

Success is not just defined by our wins.  Success is also defined by reducing our loss. We reduce our loss by:

 

  • cutting a trade quickly when we are wrong
  • taking profits without giving a large percentage back to the markets

Operating within a set of firm rules starts with creating a firm plan BEFORE taking the trade and Sticking to it no matter what.  Institutions program their algos to function within certain parameters, however these machines are void of the emotional variable.  We as retail traders are not, underscoring the importance of creating and operating within a strict framework!

To Your Success,

Kevin Michaels, Founder

Winner’s Edge Stock Trading

www.winnersedgestocktrading.com

 

 

Weak Hands Kill Profits

Posted on by Pro. Trading Coach Kevin Michaels in stock trading tips

Many of us make the correct decisions when trading the markets. We identify the right stock, we trade it in the right direction, we have a prime entry yet we get shaken out because of fear.  This term is called having Weak Hands, not being able to stay the course in the presence of a fake out or volatility.

Fear is a survival instinct however it has no place in trading the markets because there are no Lions chasing us!

All jokes aside, the solution to overcoming getting shaken out is to:

  • adjust your stop and make sure you have enough padding in case of a reclaim
  • monitor your breathing
  • listen to your gut
  • don’t focus so much on your P/L and focus more on trading smart

To Your Success,

Kevin Michaels, Founder

Winner’s Edge Stock Trading

www.winnersedgestocktrading.com