The simple definition of a Relative Strength Index (RSI) indicator is the sum of all the price changes up less the sum of all the price changes down, divided by the absolute value of all the price changes over the…
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Trading is tough. Actually, trading as a retail investor is almost impossible. Only 1% of traders make money doing it in the long run, and the majority lose it all. Here at the Daily Profit Machine, we’ve separated ourselves from…
Have you ever been presented with hypothetical (simulated) performance information and wondered if these pie-in-the-sky records are too good to be true? Well, have you also noticed that accompanying disclaimer nearly as long as the Gettysburg Address? That’s the regulators’…
You know, day trading as a career, hobby, profession, or even avenue of trading equities, is wrapped in shrouds of skepticism. I personally love day trading and I’ve been doing it for years. When I tell people that I am…
According to the Merriam-Webster dictionary, the word stochastic is defined as: “involving a random variable.” “involving chance or probability.” When it comes to trading, the stochastic oscillator is a technical momentum indicator that compares a security’s closing price to its…
An old adage says, “Any trade is worth doing, as long as you know your risks…” Quantifying and controlling risk is the number one objective of an investor. Without knowing the downside everything is just a gamble, with a highly…
Few phrases can make or break a commodity trader’s day more than “limit up” or “limit down.” On the right side of a limit move, a trader can potentially reap significant and rapid rewards. On the wrong side of a…
As the Founder and lead oil trader at the Oil Trading Group (OTG), you can imagine I receive all types of questions via e-mail and over the phone; one of the most popular questions I get is whether discretionary vs…
