Category: Most Recent Posts
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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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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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Dynamic Trade Setups are Powerful
The Power of Dynamic Trade Setups is one of the essential ‘12 Powers to Successful Trading.’ Dynamic trade setups are able to self adjust to real time market conditions. This is important for several key reasons: Price action — price is always moving, ever changing in volatility, velocity and intensity Static trade setups don’t work…
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The Best Trade of My Life
The best trade of my life also happened in my early years of trading, when I was just starting out. It happened about 27 years ago actually. You would think that after all the years of trading that followed, I would have made a better trade. Nope! As you will shortly see, that would be…
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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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Special OptionsStationPro Training for our Netpicks Trading Memberships
The OptionStation Pro platform has become an excellent platform for options traders. Our friends at Tradestation, just held a special training for our membership yesterday. Below is the replay video. Tradestation loves Netpicks Trading members! So much so that they will host special private training sessions for our members. Why do they love our members…
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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…