Identifying Bad Trading Habits

Thursday, March 31, 2016 | 12:00 - 1:00 pm ET

The basis for this webinar is my personal bad behavior over 40 years, having owned and operated a discount Futures trading firm, along with having been a hands on trader/mentor/teacher for the past several years.

The most important issue is, what is your source of information? This needs to be reviewed and challenged. You may have slipped into some very bad habits without even realizing that they are habits.

We address the three most easily recognizable bad habits: over trading, trading too early, and placing your stops too tight. The granddaddy of all bad habits may well be fading a trend day.

These are usually very lively webinars. Please join us.

Download the slides here

Download the Essential Trader Worksheet here

Download the Essential Trader Worksheet Print Version here

 

Trading Versus Investing: Why They Don’t Mix

Thursday, March 24, 2016 | 12:00 - 1:00 pm ET

In our current Legacy educational series we have several successful “investors”. These successful “investors” have experienced quite a cultural and performance shock as they begin to trade. I believe that a trader’s biggest psychological hurdle is often overcoming cognitive dissonance. Cognitive dissonance refers to situations where we encounter conflicting attitudes or beliefs. Nothing could generate more dissonance that comparing investing to trading. For example, investors generally hold onto investments for months or years. A day is often long-term for a day trader. I once had a floor trader ask if an hour was long-term.

Listening to investors on CNBC can often cripple a short-term or day timeframe trader. Bring your questions and join us for this important webinar. I’ll leave you with this: “A very successful trader, after years of experience, may be able to hold two conflicting options successfully.”

I use separate accounts and instruments to maintain a mentally healthy separation.

Download the slides here

How to Trade Using Odds-Based Thinking

Thursday, March 17, 2016 | 12:00 - 1:00 pm ET

Download the slides here

Last Thursday, March 10 webinar discussed market-generated information, which puts context around price. We said that the next Thursday webinar would discuss odds-based trading.

Most traders rely on price based systems. These systems basically treat all prices as equal. Any successful business person knows that all prices are not equal. For a clearer understanding of what we are saying think in terms of a one-dimensional daily bar. Your data points are the open, close, and daily high and low.

The Market Profile shows time and estimates volume at every price giving us a three-dimensional perspective. Using this expanded data base we can begin to better assess the odds of price continuation or rejection.

Join us as we discuss odds based trading in more detail and via examples. Odds based traders gain an edge.

Trading Price Versus Trading Price With Context

Thursday, March 10, 2016 | 12:00 - 1:00 pm ET

The highest concentration of trading strategies are based around price movement; good examples include price based momentum breakouts and reversals.

Many technical indicators are mathematically derived from price movement. Examples, would include Fibonacci and price momentum indicators.

Any successful retailer or manufacturer will tell you price is simply an advertising mechanism. It is the response to the advertised price that is important. Tune in to begin to understand how Jim Dalton observes, measures and interprets the market’s response to price. We refer to this as market-generated information — market-generated information gives price context.

In a follow-up webinar we will discuss how market-generated information allows us to think in terms of odds based trading.

Brett Steenbarger, in his new book, Trading Psychology 2.0, reports that only about 15% of traders make money on a yearly basis; when looked at over a three-year period the results are less than 1%. If you approach trading from the same perspective that most traders do, can you expect your results to be any different? Join us for a discussion of the market’s two-way auction process and market-generated information.

Download the slides here

Trading in High Volatility

Thursday, February 25, 2016 | 12:00 - 1:00 pm ET

2016 has had the worst stock market start on record. Volatility has increased markedly. We don’t get a chance to experience this volatility often. It has been both a challenge and a great learning experience. Join us as Jim Dalton walks through the various observations he uses to navigate volatility and make his trading decisions.

Fresh Start for the New Year: Second of Two Webinars

Monday, January 11, 2016 | 9:00 - 10:00 am ET

The New Year can be a time to ascertain any change in attitude by the longer timeframes. Jim will start the New Year by doing a brief top-down analysis so we are positioned to observe if any change begins to occur. Jim will also share how he uses market-generated information for the shorter term auction and discuss his perspective for the beginning of the year.

This is the second of two webinars. One webinar was recorded on Monday, January 4 and this webinar will be on Monday, January 11 at 9 am ET.

Register

Download the S&P Recap and Preparation Report for January 11, 2016 here

Fresh Start for the New Year: First of Two Webinars

Monday, January 4, 2016 | 9:00 - 10:00 am ET

The New Year can be a time to ascertain any change in attitude by the longer timeframes. Jim will start the New Year by doing a brief top-down analysis so we are positioned to observe if any change begins to occur. Jim will also share how he uses market-generated information for the shorter term auction and discuss his perspective for the beginning of the year.

Join us for two webinars on Monday, January 4 and Monday, January 11 at 9 am ET.

Download the S&P Recap and Preparation Report for January 4, 2016 here

Download the S&P Morning Report for January 4, 2016 here

$0.000 items