What is 2ndSkies Forex/2ndSkies Trading? 2ndSkies Trading is a trading educational service run by Chris Capre. The domain for the website is 2ndskiesforex.com, but don't let the name fool you - Chris and the community of traders at 2ndSkies trade much more than just forex. When 2ndSkies launched back in 2007, the main focus was on forex. But over the course of the past fourteen years, that has changed drastically. Currently, the bulk of Chris' trades are stocks and options (about 90%), with a few forex trades every now … [Read more...]
What is a Stock Alert Service and Which One is the Best?
Stock Alert Services - Are Stock Alerts the Answer to Your Trading Dreams? Stock alert services seem to be the go-to for new traders looking to enter the trading world. I subscribed to a handful of them myself when I first started. Thinking back, it's hard to believe just how naive and unprepared I was for achieving market success. In theory, alert services seem great. While doing some online research on how to make money in the stock market, you stumble upon a trading guru boasting about explosive profits. You … [Read more...]
What is Active Day Trading – Explained in Detail
The Difference Between Active Day Trading and Passive Investing: The terms "trading" and "investing" are often used synonymously, but in practice, active day trading and passive investing are vastly different. The best way to think about it, in my opinion, is to picture short-term approaches like day trading and swing trading on the left side of a spectrum, and longer-term position trading and buy-and-hold investing on the right side. Starting on the left, day trading involves buying and selling positions within … [Read more...]
How Much Money Do Day Traders and Swing Traders Make?
The Real Answer is That it Depends on Multiple Factors: I hear this exact question all the time: "how much can I expect to make day trading/swing trading?" But this is a very difficult question to answer. The fact is - the range of potential outcomes is essentially infinite. There are some traders who lose thousands or even millions of dollars each year, while others make thousands or millions each year. So what are the factors that determine their results? People are often looking for a precise yearly figure … [Read more...]
Best Trading Psychology Courses Available Online
Best Trading Psychology Courses Available to Master Your Mind and the Market: As critical as the mental component is in trading, top-notch trading psychology courses are rare. In fact, there are only a handful of great ones currently available online. It's easy to find alert services, newsletters, and chat rooms that are exclusively focused on the tactical aspects of trading, but finding the best mindset courses requires a much deeper dive. In my opinion, the vast majority of services within the trading … [Read more...]
Who is Richard Friesen and What is Compass 2.0?
Who is Rich Friesen - The Founder of Mind Muscles Academy: Rich Friesen started his career as a broker at Merrill Lynch and then EF Hutton. After that, he became a floor trader at Chicago Research and Trading. From there, he broke off on his own, and eventually went on to launch and manage his very own firm. Not surprisingly, his firm was one of the most consistently profitable groups operating on the Pacific Exchange. Through his own individual experiences as a trader, coupled with his experiences training dozens … [Read more...]
What is Swing Trading – Explained in Detail
What is Swing Trading? How Does it Differ From Day Trading? In order to explain what swing trading is, it makes sense to first explain the most active form of trading - day trading. In comparison to swing trading, day trading is a much more popular term that most people have heard of. It involves buying and selling positions within the same day, sometimes within the same hour or minute. Almost exclusively, day traders are looking for momentum, and not concerning themselves with fundamental analysis. The goal is … [Read more...]
Top 15 Quotes From The Subtle Art of Not Giving a F*ck By Mark Manson
Best Quotes From The Subtle Art of Not Giving a F*ck By Mark Manson: The old saying goes that no matter where you go, there you are. Well, the same is true for adversity and failure. No matter where you go, there’s a five-hundred-pound load of shit waiting for you. And that’s perfectly fine. The point isn’t to get away from the shit. The point is to find the shit you enjoy dealing with. Happiness comes from solving problems. The keyword here is ‘solving.’ If you’re avoiding your problems or feel like you … [Read more...]
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