Need a Good Trading Mentor? Here's How to Find One

Trying to battle in the stock market and figuring out how to become a winning trader can be daunting, especially if you're trying to go it alone. No matter how independent you are, you'll get where you want to go faster with a little help — and that help can come in the form of a mentor. Most successful trader/entrepreneurs will tell you they have had a mentor in their career development. The majority of trader/entrepreneurs fail and the small few really succeed. In day trading the odds are stacked worse in your favor as 9 out of 10 day traders fail. So how is someone supposed to win if they don't take the initiative to ask for mentorship. Very few trader/entrepreneurs tend to seek out mento

CAN YOU HEAR ME NOW

The Megaphone Warning has sounded. MOJO Swing Traders scored a 4 point move and so did the MOJO Day Traders. Attention, get your MOJO on and Join the Team> BLOG POST FROM YESTERDAY Now today September 8, 2016 the tides are changing and I can hear the Megaphone being turned on. The Dow is now 18,500 and sliding lower, but in a very orderly fashion for now. But beware as I said before...Better watch out, better not cry, ProTrader Mike is going to tell you why...the Dow is about to take a crashing you know....it's the Megaphone Pattern! take a look at this chart and compare to the 2015 chart, almost exactly same with big gap to fill on the downside. So what's the play? Long UVXY now at $18.00 a

Candlestick Charting

A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency. Each "candlestick" typically shows one day; so for example a one month chart may show the 20 trading days as 20 "candlesticks". Each bar represents all four important pieces of information for that day: the open, the close, the high and the low. The candlestick techniques used today originated in the style of technical charting used by the Japanese for over 100 years before the West developed the bar and point-and-figure analysis systems. In the 1700s, a Japanese man named Homma, a trader in the futures market, discovered that, although there was a link between price

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