The Trading Journey: Managing Expectations
Many developing traders approach the markets with the belief that their energy should be immediately rewarded with substantial profits. This belief is amplified in today’s day and age, with many skilled traders sharing their profit screenshots via social media. However, this mentality is flawed and can lead to frustration, impulsive decisions, and ultimately, setbacks in their trading journey.
The Overlooked Key to Day Trading Success: Effective Risk Management
The importance of effective risk management cannot be overstated, especially for developing traders. While many aspiring day traders usually focus on finding the next big parabolic mover or looking for the holy grail trading system, they often overlook one of the most critical factors in their success: managing risk.
The Best Trading Mentorship in 2024
We meet clients where they are in their learning curve, and build from there. The goal of the program is to have you be consistently profitable by the program’s end.
Who is OpinicusTrades? Our Social Media Moniker
Opinicus, a leading name in the trading community and education sector, is easily recognizable on social media platforms through its distinctive handle, OpinicusTrades. But who is OpinicusTrades, and what does this moniker represent?
Trading Is a "Regret Business" - Here Is How To Build Resilience
Regret is a common emotion in trading, often triggered by the realization of a wrong decision, such as selling too early and missing out on potential gains. This feeling can be particularly intense when traders associate their self-worth and identity with their trading success. When a trade doesn't go as planned, it can feel like a personal failure, leading to heightened emotional responses.
Fearless Trading: Confronting and Conquering Your Trading Demons
Fear is a constant in trading, but it doesn’t have to hold you back. Learn practical steps to manage fear, embrace losses, and build confidence through proven strategies like journaling, mentorship, and a strong trading plan. This article offers actionable advice to turn fear into fuel and create habits that lead to long-term trading success.
The Importance of Keeping a Trading Journal for Day Traders
If you want to be successful with day trading, you must understand that it demands a disciplined approach and a commitment to continuous improvement. Through working with traders in a 1-on-1 capacity, I have found that the trading journal is a tool that is often overlooked. Sadly, many developing traders do not understand the value that can be found in simply reviewing their own trades and trading behavior.
Mastering Market Openings: Understanding the Opening-Drive Trade
Understanding the different market openings is crucial for intraday traders seeking profitable opportunities. Among the various types of market openings, one stands out as the most forceful and definitive: the Opening-Drive. Let's delve into what the Opening-Drive is, how it impacts trading, and strategies for navigating this momentum play.
What Is Opinicus? The Premier Day Trading Community
Back in 2017, Opinicus was born out of necessity. I knew that the online education industry - specifically trading education - needed a community for intraday options traders and an education offering for new market participants to learn from. At the time, no such offering existed. In what is now a competitive landscape, Opinicus emerges as a premier day trading community and education provider, offering traders the tools, resources, and community they need to thrive in the markets.
10 Ways to Stay More Disciplined In Trading
Most developing traders struggle with discipline. They are usually missing something critical. Here are 10 tips on how to stay more disciplined when trading.
How to Use the Volume Point of Control (VPoC)
One powerful tool that helps traders engage with price in better locations is the Volume Point of Control (VPoC), a vital component within the Volume Profile indicator. In this article, we will explore the significance of VPoC and how it can be leveraged by traders to enhance their market analysis and decision-making.
The Best Trading Education in 2024
As the financial markets continue to evolve, the need for effective and accessible trading education has never been more crucial. In 2024, Opinicus emerges as a beacon of simplicity and profitability in the complex world of trading.
Normalization of Deviance in Day Trading
If you have been trading for any length of time, you know that sometimes you can get paid for breaking your rules - and this is one of the worst things that can happen to a developing trader.
Navigating Decision Fatigue in Day Trading: Strategies to Avoid Over-Trading
Decision fatigue in day trading manifests as a cognitive shortcut that prompts irrational trade-offs in trading decisions. The continuous stream of choices faced by day traders can overwhelm their cognitive abilities, making each subsequent decision more challenging. This article explores the implications of decision fatigue in day trading and provides actionable strategies to help traders navigate this challenge and optimize their trading performance.
Why Every Trader Needs a Trade Plan
Interestingly, despite having learned various skills throughout their lives, novice traders often fall into the trap of impulsive trading. They neglect careful planning and fail to adhere to a well-defined trading plan, which is a crucial component for long-term profitability and success in the markets.
Mastering Volume Profiles: A Guide for Traders
If you want to improve your trading performance, understanding and implementing volume profiles is essential. After training hundreds of traders throughout my near-decade-long trading career, I've noticed a common issue among unprofitable traders: they often dive into trading setups and patterns without considering the broader context. Trading without context is not a strategy, it's merely trading patterns.
Capital Requirements: How Much Money To Put In Your Trading Account
Before delving into strategies and market dynamics, a common question among new traders is “How much do I need to get started?” While it is a seemingly simple question, the answer can be quite complex as this is not a “one size fits all” approach. In this article, I’ll break down the various aspects to consider when starting your trading journey.
Why You Can't Sell That Losing Trade
Have you ever been in a losing trade as it approaches your stop and thought… “Let me just see if price bounces at the next level”? If so, you aren’t alone. This a common phenomenon that all traders experience during their early development stages. So, what is it exactly?
The Trader's Progression: From Survival to Thriving
Most newcomers expect quick wealth - A notion that, for successful traders, is comical. Achieving consistent profitability in trading demands an immense amount of screen time, strong problem-solving skills, unwavering discipline, zen-like patience, nerves of steel, ruthless decisiveness, and an indomitable will.
Prioritizing Process Over Profits for Long-Term Trading Success
Most brand new traders are initially drawn to day trading by the allure of profits and the lifestyle that can come with it. Yet, the irony lies in fixating too much on these external rewards. Similar to an athlete cracking under pressure, excessive focus on the profits often leads to a myriad of mistakes.