Backpack Trader

Tag: trading lessons

A Trading Interview with my Friend Casey Stubbs

A trading interview with my friend Casey Stubbs happened recently. I wanted to share it again with you here. We hit on a lot of topics important to me all about trading. I hope to do another trading interview like this soon. Check out this trading interview replay with my friend Casey Stubbs One…

March 1, 2021
The Best Way to Trade Forex

The best way to trade forex is with a capable trade manager interface that can do everything you want it to do. Most traders are still using MT4 to trade forex. This is such an old platform and hasn’t really kept up over the years. It has many advantages because most brokers still offer it…

August 22, 2020
Live Traderoom Replay Focusing on the CPX2.0

Here’s a live traderoom replay focusing on the CPX2.0. Today we hit all our goals with the Spotlight Master Suite rather quickly. You can see the trades in the video below. Markets like Crude Oil, Unleaded Gas, Russell Emini, Dow Emini all hit their goals with the first or second trade. That is always our…

August 10, 2020
Simple Trading Strategies are the Most Profitable

Simple trade strategies are the most profitable, usually because one could learn them, master them, and execute them without mistakes. The more advanced a strategy, the more likely it is to make mistakes which can really add up. Also, it’s hard to know when a strategy is broken, when too complex. The Counter Punch Xpress…

August 7, 2020
One Big Secret to Trading Success — Dynamic Setups

One big secret to Trading Success can be found in our 12 Powers ebook; “the power of dynamic setups.” All 12 powers are important but in this post I want to focus on this one specific power. As we all know, the world is a forever changing place. Price action reflects what is happening in…

August 4, 2020
Crude Oil Mini Session, A Model to Duplicate

Our Crude Oil mini session, which I presented some time ago, is a model for how one can think about their own trading. There are plenty of other markets and charts that can be traded with the same approach. Unleaded Gas futures come to mind. But there are many more. But while Crude Oil is…

January 31, 2020
Dynamic trade Setups ‘Dance’ with the Market

The Power of Dynamic Trade Setups is one of our long running keys to success. Put on your dancing shoes and let the market’s price action take the lead. Being able to adjust trade setups that give us high percentage price targets is important for the longevity of a strategy. It makes the strategy evergreen. …

August 15, 2019
GBPJPY is Short Again

The GBPJPY has been heading lower but more importantly, our special 4 hour chart swingtrade plan has just won 5 trades in a row. It just got short again. Will it have enough juice in the tank to win its 6th trade in a row? No one knows for sure, until after the fact. What…

May 29, 2019
The Perfect Trading Session, Crude Oil Report

This is truly the perfect trading session. It wins so much. Today, the full trading goals were reached with the very first trade. Both Spotlight Power Trader and Counter Punch Trader were one and done, finished within minutes. That’s what makes this the perfect trading session. It just wins so often and requires such little…

April 24, 2019
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.…

March 8, 2019