My Winning Crude Oil Inventory Session from Miami Beach This weekly trade captures the essence of the BackPack Trader. In the true spirit of the Backpack Trader, I traded from my hotel balcony today, ...Read More
Trading in Nashville seemed like an appropriate post to kick off this section of our blog. I started this section to help drive home the message that the Backpack Trader is anyone who is portable wit...Read More
Proven Tradeplans make money. Random trades do not. That’s one of the great secrets to successful trading. It’s all about proven tradeplans. That’s what gets you to becoming your o...Read More
The Power of Dynamic Trade Setups is one of the essential ‘12 Powers to Successful Trading.’ Dynamic trade setups are able to self adjust to real time market conditions. This is importan...Read More
The best trade of my life also happened in my early years of trading, when I was just starting out. It happened about 27 years ago actually. You would think that after all the years of trading that ...Read More
This video is a new episode in our Fun with Moving Averages approach. You will see how it did throughout yesterday’s Russell eMini session. I will be showing more and more examples as time pas...Read More
We had another winning Crude Oil Inventory Report Session today. I had actually recorded the live session but the video projector from our traderoom froze up on my recording computer and it didn̵...Read More
The Crude Oil session today had real lousy price action. The early morning sessions for us in the traderoom were quite successful though, hitting their tradeplan goals with the very first trade of ou...Read More
I often talk about my favorite trade setups. A setup that I find to be incredibly reliable is the move in the opposite direction that occurs after a failed breakout. The way today’s Crude Oil In...Read More