Free MetaStock Webinar

March 29, 2010 by  

Join me for a free live webinar class on Tuesday April 6 at 8 PM Eastern, which will feature the award winning MetaStock 10.0. Metastock provides the professional level of graphics, accuracy and customization that serious traders require.

The webinar will be presented by Jeffrey Gibby of MetaStock who is familiar with the www.mystockcoach.com trading style.

Why MetaStock?

I use the MetaStock end of day data feed. This charting software will provide better graphics than any internet based program including Big Charts. The charting software provides clear, sharp images and can be easily customized to your charting formulas.

The next MyStockCoach.com MetaStock training will be held on Tuesday, April 6 at 8 PM  Eastern.

The class will run 1 hour. It will cover the basics and the features of using MetaStock, as well as demonstrating how to create and customize charting formulas, including the Trend Trigger Trade template I use.

To register for the Webinar, please contact me by email at mystockcoach@gmail.com.

See you at the Webinar!

Trading Discipline – In Just 3 Minutes!

March 29, 2010 by  

One of my mentors, Norman Hallett, the Internet’s top authority on trading discipline, has just let me know about something new that’s he done.

In fact, he’s done two things.

ONE… He’s polled 1772 traders on what’s REALLY getting  in your way of being DISCIPLINED in your trading. And in response to what he’s discovered,  he’s recorded 3 short audios (3 minutes each) tackling the most important 3 issues reported by traders:

- Stopping the “Blowout Trade”
- Having the Strength to Pull The Trigger
- Taking Your Losses without Hesitation

and TWO… he’s just GIVING these audios to you – complimentary – available for just a day or two – to get some buzz going for his upcoming class. Read more

Mental and Emotional Stability

March 22, 2010 by  

The goal of trading discipline is  mental and emotional stability which  reveals crystal clarity about all aspects of trading.

It is generally approached from the viewpoint of controlling thoughts and emotions, becoming fairly dispassionate and neutral in order to execute successful trades.  Avoiding  getting  swept upon  the sea of emotions as we are deciding when to enter or when to exit,  speculating as to where  the market  is going to go next.

One scientific estimate says that we have on average 60,000 thoughts per day.  If that is true then it is an impossible task to control those wildly active viewpoints in response to what we are observing and experiencing throughout the day,  let alone the heat of trading.

Read more

Trade Downstream

March 8, 2010 by  

I generally start my day by the lake or the river watching  the sunrise and these days eagerly checking the progress of the melting ice. The birds are singing and  I can smell spring.

The lake is melting in many places but that doesn’t stop the   ice fishermen from advancing fearlessly with their sleds.   Giant puddles are forming   around the ice shanties.

The river, however,  is completely open and flowing. This morning a silver fox stood on the opposite shore and watched me for awhile. By the time I had the binoculars focused it was gone. Read more