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netpicks's Articles in Personal Finance

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  • Risk, Profits, Key Levels – Your Magic Formula
    Every strategy should give you an exact place to exit. And this means accepting the fact that the stop placement for a loss is going to be as important as the profit target. You should always have a specific plan in mind with EVERY trade. If you do not know where you are heading with a trade, what the desired outcome is (and we mean not winning – but a precise objective) then you are going to make bad decisions as that trade develops.
  • Insider’s Guide to Trading the e-Mini Futures
    We have assembled 10 key trading tips that every e-Mini Futures trader should know. Here are the top 5, along with information on how to view the entire Insider’s Guide to ensure your success as a futures trader.
  • Maximizing Investing Profits with a Mechanical Trading System
    The 90% Rule – So Close to Target

    We call one our 90% rule. That is basically designed for times that our mechanical objectives get within 90% or greater of full target. I can tell you without question we will never take a loss on a strategy that barely misses target. There is simply no reason to stubbornly wait out the next couple of ticks and in the meantime be willing to risk it all the way back to a full loss just because a calculated target just misses. We therefore in our minds know that if our objectives are $2.00 on a stock we will definitely have a stop adjustment if it gets to $1.80 or higher.
  • Insider’s Guide to Forex Trading
    This is the first in a series of insights into trading the forex markets successfully. We have ten keys to trading success that all new forex traders and certainly many experienced forex traders need to learn and need to know. We’ll start with the top three with the rest detailed in the rest of this series.
  • When to Trade and What Time frames to Trade?
    An important key to trading successfully is to only trade the time frames that will yield the greatest success for the least amount of time. Any of us can trade, or attempt to trade, every waking moment the markets are open. In the case of the Forex you’ll need a lot of coffee and the ability to get by on no sleep. With the stock market or futures you’ll need amazing endurance especially when the markets get sleepy. This is primarily if you actively day trade or swing trade intra day.
  • Key Trading Resources
    The Internet is loaded with great information, bad information and definite information overkill. You could spend weeks going to every trading site.

    What follows are just a few websites that we think provide some information that can be helpful to apply your strategy. There are obviously many forums, chats, articles, etc. that you can pursue but be careful that it doesn’t end up changing the way you trade (if already successful) or that you don’t end up devoting too much time chasing information overkill.
  • Choosing the Most Profitable Forex, Futures and Stock Trading Time frames
    What are the best Forex time frames?

    Research in this area turns up a few things…

    Monday through Friday are all viable for day trading. Thursday tends to be the best day for trending. Friday has some risk if you are looking for swing trades because you would need to hold over the weekend. Day trading on Friday is typically fine especially when there are news events to power the markets.
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