Now and then I get asked what are the best technical indicators to use in trading. I know some of you out there are endlessly hunting for the holy grail of technical indicators that’ll get you in and out of trades flawlessly every time. If you find it let me know, and in the meantime here are a few rules of thumb:

1) It’s never a good idea to make trading decisions based on a signal from a single indicator. Technical indicators work best when you use them together, and as one part of a broader trading plan. Read More

One trader buys a home study course, studies it religiously, takes action… and gets amazing results in the form of winning trades and big profits.

Another trader buys the same home study course, reads a chapter or two, puts it on the shelf… and never implements a single thing he learned.

Why? What makes the difference?

Well, Tony Robbins has an answer.

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Lou writes: “How do you bounce back after a setback? I was up huge my first year of trading only to be overconfident and give it back… how do you bounce back??”

Great question, Lou. Bouncing back after taking big losses in option trading is not always easy. But with patience and a commitment to succeed, you can become a better trader than you were before.

Here are some simple steps I recommend you follow to get back in the game and profitable:

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Nothing ruffles feathers of some traders more than bringing up the mystical Fibonacci series! Let’s take a closer look…

I’ve found that Fibonacci Price Retracements are a very popular topic in all trading communities (whether they’re subscribed to or not). Volumes of books have been published on how to use them in futures, Forex, equities, and whatever else that can be traded. A Google search last night on Fibonacci Trading came up with 195,000 hits, and 593 books. So there is a lot out there to choose from if you are more interested.

I find it curious that with this much attention being paid to Fibonacci Retracements, is there some actual magic in the technique, or is it a phenomenon made real because many traders make trading decisions because of them?

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I’ve collaborated with my mentors, my peers and dedicated members of the Trading Trainer community about my findings in this post, so please read it carefully.

I’ve been asked recently, more than once, about when our directional strategies will become as reliable as they once were when they were returning profits over 100% ROIC.

Of course, those of you that have been following my blog posts and Trading Trainer for some time probably know already what my knee jerk reaction to that question will always be.  That is, we’ll know when the trend is once again our friend when the charts tell us so.

So, let’s take a moment and dissect what “milestones” I am looking for in Read More

Are you interested in trading Forex? Or, do you already dabble around with trading Forex?

I just received an email alert from a mentor of mine who not only trades stocks (you’ll see “flavors” of his stock teachings wrapped within the Trading Trainer system) but really does well trading Forex.

The subject of his email was, “A.J., buddy…  I bet you’ ve never traded Forex like this…”

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Are you skeptical? You should be. In this day and age, I believe it’s important to test and prove for yourself the effectiveness (or ineffectiveness) of different strategies.

Take the counting method to determine a market bottom, for instance. Since I originally shared this method, a handful of people have questioned its ability to predict a market bottom.

And rightfully so.

Case in point: The counting method has been satisfied twice since the September break-down… and yet the market has continued to fall anyway.

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On Sunday night, March 15, at 9 p.m. Eastern, I’ll be hosting a special training webinar to answer any questions you may have about the Black Box or covered call writing in general.

I’ll be hosting this call with my friend, real estate investor, and Black Box member, Paulie Sabol. If you’ll recall, Paulie is the same guy who’s been making up to 23% ROI every month using my Black Box system to write covered calls.

Both stock and option traders, as well as real estate investors, should find this call to be very valuable since we’ll be answering questions YOU have — and we’ll both be answering them so you get multiple perspectives from guys who are actually making money right now in 2009.

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An anonymous reader says, “My question is what stocks should we use for the covered call strategy? As we all know, even blue chip stocks such as LEH and AIG could go down.”

This is a fantastic question. (Yes, even blue chip stocks can decline in value, so this is a legitimate concern.)

And yet unfortunately it is a question I cannot answer definitively here on this blog. Here’s why…

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Happy New Year!

Just before Christmas, I did a one-hour Q&A call and invited everyone to participate. We had 75 people show up… and more than 100 questions were submitted.

Obviously, I couldn’t answer all of them, but I did my best to address those questions that were asked most frequently. Best of all, I recorded the call, so you can listen to it whenever you want.

This will come as good news to our international friends who wrote to tell us they couldn’t be on the live call because they would be asleep. Anyway, here are the links for listening…

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