Category: Grow My Account
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Reliable Winning Tradeplan that Keeps on Winning
The most reliable winning tradeplan I know of is the one we do each and every week. The most reliable winning tradeplan happens two minutes after the Crude Oil Inventory Report comes out and I’ve been recording these exact sessions for years. Trading doesn’t have to be difficult or mysterious. Well perhaps the fact…
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Winning Crude Oil Inventory Session, Miami Beach
My Winning Crude Oil Inventory Session from Miami Beach This weekly trade captures the essence of the BackPack Trader. In the true spirit of the Backpack Trader, I traded from my hotel balcony today, overlooking the lively Espanola Way. Have laptop (and internet), will travel! Trading my winning crude oil inventory session with one of…
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Trading in Nashville, First Time There
Trading in Nashville seemed like an appropriate post to kick off this section of our blog. I started this section to help drive home the message that the Backpack Trader is anyone who is portable with their trading. Why? Because being portable is just another way of saying, being free. Free to come and go…
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Proven Tradeplans Make Money, Random Trades Don’t
Proven Tradeplans make money. Random trades do not. That’s one of the great secrets to successful trading. It’s all about proven tradeplans. That’s what gets you to becoming your own version of the Backpack Trader. Freedom, lifestyle, all the good stuff. There were some good lessons to learn from yesterday’s session pertaining to our theme.…
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Worst Trade of my Life
The worst trade of my life happened when I was just starting out. Like so many others, I was rather clueless as to what I was doing. I knew the desired outcome of course, and the obvious truisms like buy low and sell high, bank the profits, type of thing. And on the surface, that…
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Fun with Moving Averages — Examples in the Russell eMini (RTY)
This video is a new episode in our Fun with Moving Averages approach. You will see how it did throughout yesterday’s Russell eMini session. I will be showing more and more examples as time passes. A picture is worth a thousand words and a video even more, so here’s the video. To learn more about…
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The Crude Oil Session Tradeplan Won Again, But I Didn’t
The Crude Oil session today had real lousy price action. The early morning sessions for us in the traderoom were quite successful though, hitting their tradeplan goals with the very first trade of our tradeplan, which is always good. That’s not what I’m referring to though with the title of this post. Today was our…
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Fun with Moving Averages
The Moving Average (MA), in all its various forms, is one of the most commonly used and best known indicator in technical analysis. There are countless ways to use it, in a variety of trading strategies and tactics. This category is not to rehash all the various common ways to use MAs or to talk…
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The Backpack Trader Manifesto — Who is the Backpack Trader?
The Backpack Trader is a symbol of why we trade in the first place. It represents absolute freedom. Being able to come and go as we please, travel anywhere we want, stay at home and trade from the comfort of our own sofa, whatever. The Backpack Trader reminds us that our reason for trading is…