The House Always Wins

If you’ve spent any amount of time in casinos, you probably know this statement to be true: The house always wins! The odds are stacked against you. While visiting casinos and playing the table games can be exciting and fun, it is also a gamble you are sure to lose in the long term. Why? Because the house always has the edge. On every single table game offered in the casino, the house (casino) is a long term favorite to come out on top. So, you may have a few lucky trips to the blackjack table, but the numbers say that if you continue to play every single day, eventually the casino is going to come out on top and take your money. Just take a look at this graph to see the house edge and yo

MOJO Day Trading Technical Analysis: Moving Averages

Most traders use moving averages when studying chart patters. A moving average is the average price of a security over a set amount of time. The three most common types of moving averages are simple, linear and exponential. Simple Moving Average (SMA) This is the most common method used to calculate the moving averages. It simply takes the sum of all of the past closing prices over the time period and divides the result by the number of prices used in the calculation. For example, in a 10-day moving average, the last 10 closing prices are added together and then divided by 10. Linear Weighted Average This moving average is the least common and is used to address the problem of the equal

Best Day Trading Book

As a beginning trader, one of the first pieces of advice you may receive from more experienced day traders usually revolves around learning as much as possible, oftentimes from books written from expert traders. At MOJO Day Trading, we understand this and wanted to save you some time from taking a trip to the local book store by providing you with a list of the best trading books on the market. These books are all very well regarded and written by respected and experienced traders who can teach beginning traders many of the fundamentals and concepts that are vital to your success as a trader. However, at MOJO Day Trading, we consider the books “The New Sell & Short Shell” and “The New Tradin

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