Tag Archives for " Kurt Capra "
Bitcoin’s Fall From Grace, and Where It’s Going Now
In this video, Kurt Capra takes a look at bitcoin and its fall from grace plus where he thinks it is headed. You will learn: Where the power of the 200ma comes from If bitcoin can get back to $10,000 How to see support and resistance using price points If a test of $6,000 is in the cards https://www.facebook.com/T3Live/videos/10155834921686758/
Continue Reading -->Dynamic vs. Static Risk Management for Swing Trading
Are you one of the many swing traders that takes the same level of risk notwithstanding the market conditions? Do you always trade “a thousand” shares just because that’s an easy number to remember? Do you have a hard time picking the best stocks for swing trading? I will discuss some finer points that might help you to become better at managing risk. First and foremost, the T3 Trained Trader (T3TT) should have a Trading Plan outlining his/her money management rules. Here you should establish parameters such as a “maximum loss per week-month”. When establishing a maximum loss per trade (because no one can know which trade is going to work out), the T3TT has to decide whether he wants to follow a more “static” approach where all the potential losses will be similar, or whether to adopt a more “dynamic” set of guidelines created with the purpose of governing when to be more aggressive, less aggressive, or not active at all. You have to understand the fact that not all market conditions present the same odds for a particular trade. Let’s say, for example, that market “x” is in an up-trend, and has pulled back to support over several days. Today we get a reversal bar, and then the reversal is complete. In this case, the swing trader will likely find several high odds entries both today and tomorrow (depending on the tactics used, many of which are taught in our T3 Technical Strategies Course. The third day comes along, the market continues to climb, and some more entries might be executed. As the market continues to rally, the odds of every new entry following through will diminish, as the probability of a reversal to the downside in market “x” is greater. Based on this scenario, a swing trader might enter into larger positions on days one and two, and might reduce his share lots as the market continues to climb. There will be a time when the market has climbed for 5 or 6 days in a row, and so the T3 Trader will devote more and more of his time to manage already open positions, by selling partial lots and raising stops, instead of being too active in entering new swing positions. (He might be more active in micro trading activities though) Using some modified version of this basic concept, the T3 Trader can implement an intelligent way to participate in the markets, while reducing the risks of getting caught with big positions on a reversal contrary to his positions. Trade Well!
Continue Reading -->Morning Call Express: Fear Trumps Greed
In today’s Morning Call Express, Kurt Capra talks about the selloff yesterday and what may have been behind it. He also looks at the financials for clues as well as where GLD may be headed before truly reversing. Kurt also points out some of the retailers that may have additional downside today and points out an interesting pattern in AMZN.
Continue Reading -->How to Lose At Trading Like a Winner
There is no opportunity without risk; thus, learning to truly accept risk is the first step to trading freedom. We teach that once we are in a trade, we employ “trade management” strategies for purposes of taking profits or protective stops. Trading involves speculation, which, by definition, involves risk; therefore, accepting “loss” is a necessary part of trading. Our objective is to help you approach the market in a disciplined, objective manner with a high focus on managing risk (and loss), to help you overcome the tremendous hurdles during your quest to become a profitable self directed trader. A trader refusing to accept loss is as ridiculous as a pilot not accepting turbulence during flight. Any winning strategy necessitates the ability to lose properly. It is the ability to deal with, and “make good” of, one’s losses that enables winning traders to keep a positive mental attitude. It also enables them to progress and effectively maintain their winning ways. Losing properly is not easy and therefore requires great skill. You need to be able to learn from your mistakes. Ask yourself if the trade actually met the criteria of your trading plan. If it did, then could you have averted the loss, or was it a good setup, consistent with your strategies? If it was a trade where an error in judgement was made, make sure you learn from it. The discipline involved with losing properly has to do with taking the loss at the right time. Did you sell at an intelligent time, with your stop placed just beneath support? Or, did you not take your “intelligently” placed stop and sell at a lower price than you should have? Discipline is also necessary when preparing for the potential loss. Make sure that your stop allows for a level of risk that you can stomach, and is compatible with your strategy. This will help you to be comfortable with “losing” properly. Seasoning has a lot to do with maintaining a positive mental attitude. Seasoned traders do not let their losses “get them down.” They understand that the loss may actually be a “friend,” as it creates an opportunity to learn from. They apply the knowledge and use it to improve their trading and maintain a winning attitude while accepting and brushing off the loss.
Continue Reading -->5 Reasons the $5 Trillion Forex Market Might Be Right for You
For some strange reason, many people think trading forex isn’t for them. But forex is way simpler than you think, and it offers 5 huge advantages over stock, options, commodities, and futures trading: 1) It’s Practically a 24/7 Market Forex is a global market and is open 24 hours a day from 5:00 p.m. ET Sunday through 5:00 p.m. ET on Friday. This is perfect for traders with flexible schedules, or for those making more money outside standard standard exchange hours. 2) Unmatched Liquidity Since forex is a $5 trillion dollar per day market with expanded hours, there are also virtually no gaps, effectively bridging the gap (no pun intended) between day and swing trading. It is very easy to get in and out, at will, no matter the time, day or night. 3) You Can Short At Will Nowadays, there are many restrictions put on stock trading, the uptick rule for one. With forex, there are no limitations on the currencies you trade. You can short at will. 4) Trading Costs Are Incredibly Low Most forex accounts are commission free. PLUS, there are no exchange, data, or platform fees. The only cost you have as a forex trader is the spread, or difference between the bid and ask, which is always visible for you to see. That makes forex trading much, much cheaper than stocks, options, and futures. 5) Incredible Leverage Because the forex market is so liquid, brokers will extend you significant leverage — up to 50:1, and even higher outside the US). Leverage goes both ways though. Just as easily as you can accelerate profits, you can also suffer accelerated losses. That is why you MUST have a method and plan! P.S. below is a recent FREE webinar I did…check it out!!
Continue Reading -->Webinar Replay: Why You Shouldn’t Fear Forex
In this special live webinar, T3 Live Forex Trading Strategist Kurt Capra gives an in-depth introduction to forex trading.
Continue Reading -->Trade of the Week: USDJPY Short
T3 Live’s Kurt Capra is stepping in to provide the latest trade idea of the week. Don’t Fear Forex… Attend my free webinar tomorrow and learn why so many stock and options traders are embracing the lucrative world of forex. The Trade Idea: USDJPY Short Entry Area: 101.80 Stop Price: 104.00 Target Area: 97.00-98.00 Why I Like USDJPY Short USDJPY has been in a downtrend on the daily chart for quite some time. Last month, it rallied and subsequently fell back to the prior low. Recently, it has been consolidating within a range. It is now at the top of the range where we’ll look for sellers to reemerge. P.S. Don’t forget to sign up for my FREE forex training session!
Continue Reading -->Webinar Replay: What You Need to Know About Forex
In this special webinar, T3 Live Forex Strategist Kurt Capra breaks down: How to get started in forex trading Why stock and options traders should consider forex The 5 major lies that stop traders like you from making money in forex Interested in joining our next Forex Profit Accelerator Trading Lab at a special discounted rate? Call our team at 1-888-998-3548 or email info@t3live.com.
Continue Reading -->Kurt Capra’s Morning Call Express Video
In today’s Morning Call Express video, T3’s Kurt Capra discusses the action in SPY and QQQ, plus individual names like BABA, FOSL, and RL. Click here to check out Dave Green’s FREE trading webinar this Thursday!
Continue Reading -->Webinar Replay: How to Start Trading Like a Pro
In this webinar, T3 Trader Kurt Capra breaks down his technical analysis methodology, including: Why it’s important to focus on price first and foremost How to be part of the 1% of traders that thrive The T3 Buy Setup you can start using today For more information on Kurt’s upcoming Emerging Trader 5-Day Lab, please call 1-888-998-3548, or email info@t3live.com.
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