Two trade management examples BPA trading room Q&A: April 27, 2016 Question 1: I shorted above 66, okay, thinking that there might be a pullback for a scalp. Instead, I exited for a loss even after scaling in. Can you comment on this trade? Video duration: 5min 00sec You can also view this video on […]
Ask Al: Trading progress — getting rid of losers
Make trading progress: get rid of mistakes BPA trading room Q&A: March 23, 2016 Question: If it wasn’t for the occasional outsized loss, I would be in much better shape on most days. Do you think that knowing when to just take your loss immediately is one of the things that separates a success from […]
Ask Al: Scalp or swing to supplement income
Supplementing income with trading BPA trading room Q&A: April 1, 2016 Question: I’m a senior looking to supplement my pension by trading. I’m not just looking to make a fortune, just a steady, consistent income. Do you think it’s better for me to scalp, or swing trade, or should I do some of both? Video […]
Ask Al: Market profile for trading
BPA trading room Q&A: March 30, 2016 Market profile is a popular trading system for many and Al was asked whether or not he uses it in his trading. Audio duration: 4min 12secs Market profile not for everyone! Somebody asked about market profile. Do I use market profile in my trading? I spent a […]
Ask Al: Outside Bars
Significance of outside bars BPA trading room Q&A: August 17, 2015 Question: What’s the significance of outside bars like 5, 7, and 29? Video duration: 2min 54sec You can also view this video on Al’s YouTube Channel if needed. Context important Outside bars — I talk about them in the books and the video. They […]
Ask Al: Profitable trading skills — how long?
BPA trading room Q&A: March 30, 2016 Question: How long would you suspect it takes to build a sufficient skill to become consistently profitable? Audio duration: 4min 45secs Trading skills for consistent profitability That is such a personal issue. It took me 10 years to figure it out. I’d come out of a medical […]
Ask Al: Pullbacks—when to enter
Entering pullbacks BPA trading room Q&A: March 18, 2015 Question: I have trouble working out when to enter on a pullback directly above or below the prior bar, or one point above or below. I want to wait for a deeper pullback, like a 50 percent pullback before entering. Any tips on when to get […]
Ask Al: What breakthrough to become successful trader
Becoming a successful trader BPA trading room Q&A: November 13, 2015 Question: What is the breakthrough that you have gone through to become a successful trader? Video duration: 3min 28sec You can also view this video on Al’s YouTube Channel if needed. Indicators based on bars–so watch the bars! For me, the single biggest change […]
Ask Al: Handling a losing trade
Losing trade — managing a short BPA trading room Q&A: February 10, 2016 Question: I shorted the 7 high on bar 10, betting that the rally would end up as a wedge top. I shorted more around the 12 high, Ok, and I was stopped out at near the top of 13. Can you explain […]
Ask Al: Trading statistics & probabilities
Trading statistics & probabilities BPA trading room Q&A: March 18, 2015 Question: How do you determine the probabilities that are in your books, your trading manual, and that you speak of daily? For example, the probability of 10 bars 2 legs after a wedge. Or if the first five days are negative: January is down […]