Bollinger Bands: Using Volatility As a Technical Indicator
Day traders use Bollinger Bands as a technical indicator to display a chart reading of volatility by how tight they are around a financial instrument. The degree of tightening or widening them surrounding the price action of a financial instrument determines the level of volatility. Chart facing, a 21-day moving average (preferred period of time) is surrounded by an upper and lower Bollinger Band.When to Turn Your Trading System Off and When to Turn It Back On
One of the most difficult decisions that every automated trader has to make is when to turn the system off because its performance is starting to be questionable and when to turn the system back on because it is getting back to profits. In this article, I will try to describe the way I see it.Does Enlightenment Really Improve Trading?
To the linear oriented trader’s mind there is no connection between enlightenment and trading performance. However, you couldn’t be more wrong. Why? Because enlightenment increases self knowledge, the inner knowledge which goes beyond your three dimensional “reality”. Inner knowledge reveals the fabric of the universe. It reveals how the rug is woven, instead of just showing you the patterns on the front of the rug.
I know, a weird title and an even weirder combination of subjects. Please bear with me for a second: I have traded since 2001. On my trading journey learned one big thing, which I call the unified theory of trading success. This thing is that absolutely everything is connected. Let me explain:How Life Coaching Improves Trading
Our trading problems arise not from our lack of ability but from an imbalance in our brains. Humans today are hard wired to think incorrectly. Life coaching improves trading because it is way more comprehensive than any other kind of success coaching.