Risking 2% can quite literally save your trading account. By risking too much your trading can be at risk of large drawdowns. But why is this? We searched across the interweb and found several reasons to keep risk low: Surviving losing streaks: Risking 2% per trade allows you to withstand a series of losses without […]

When I started out trading back in 2020, there was the allure of starting with a small amount of money and turning it into a large fortune. Since then I have learned several ways of starting with a small amount of money, and growing it exponentially, without having to deal with the Pattern Day Trader […]

If you’re new to Elliott Wave, you may be asking: How do I tell if a wave is over when there’s so much price movement? One tool, in addition to trendlines, is to use Relative Strength Index (RSI). Relative Strength Index The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the […]

Why trendlines? One thing I’ve found through my past years as a trader and market analyst is the importance of using a trendline. These simple tools can really help make or break your trading, and often signal a larger move to come. I’ve met traders who ONLY use trendlines, and they have made massive profits […]

RSI and Trendlines – SPY S&P500 shifted to new highs today, but how long will the trend last? As we can see, with price making new highs, RSI has made lower-highs. A possible sign of a impending short-term top. On this chart as well, I’ve drawn two trend lines to capture the recent upward movement […]

Copper has been a hot commodity, only to fall rapidly. If we look at Copper ‘s price action history on the daily chart, there is a giant spike from the 3.57 to 5.19 area in just a few months. After that, HG (Copper Futures) has crashed back down to just 3.95 today shown here. What […]