Posts From Tim Racette

Tim Racette
Tim Racette is a trader in the stock, options, and futures markets. Chicago-land native, competitive mountain bike racer, and graduate of Arizona State University, he blogs about his trading over at EminiMind.com. Tim has been a speaker and presenter at the Traders Expo for the past 7 years and has been interviewed about his trading methods throughout the trading community including TraderInterviews.com and The Money Show. Winner of the 2012 Infinity Futures Trading Challenge, Tim has openly shared his methods and written a number of articles for various trading magazines including Active Trader and Stock, Futures and Options Magazine. To read more about Tim and find out about his trading checkout his blog EminiMind.com.
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Understanding Bitcoin: A Simple Guide

What exactly is Bitcoin? How do you get it? And what can it be used for? Bitcoin is a type of cryptocurrency, a peer to peer digital money system that allows you to send or receive money across the internet without being linked to a real identity or 3rd party (ex:…

The Anatomy Of A Successful Trader: 12 Key Traits

For those serious about trading for a living, the following is a list of characteristics found in every highly successful trader. Realize that 1% of the people who play this game take 99% of the profits. That means 99% of people who call themselves “traders” are forking over all their…

Trading The Triangle Breakout

Trading the Triangle Breakout The market is full of shapes like rectangles, wedges, and triangles. The triangle breakout is found heavily across all markets and can be traded rather simply. What’s actually happening? Well, when the markets are making lower highs, at the same time making higher lows, we are…

Trader Education: Using NYSE Tick For Short Setups

Tuesday January 2nd, the NYSE Tick, which is a ratio of stocks that last ticked up versus ticked down made a high tick at the same time the market made a high price. So what does this mean? The NYSE Tick is a way for short term day(s) traders to…

S&P 500 Target Reached, Where Do We Go From Here?

In just a month and a half the E-mini S&P 500 has rallied over 150 points. That’s a pretty spectacular move – were you a part of it? When I look at the markets on a broader weekly perspective, I take the same approach as when I’m daytrading. Always looking…

How To Use The Heikin Ashi Candlestick For Better Trading

Heikin Ashi Candlestick:  This Unknown Candlestick is Highly Valuable to Short-Term Traders One of the most popular chart types among traders is the Japanese Candlestick. But there is a lesser-known candlestick that can dramatically benefit your trading. The Heikin Ashi Candlestick. So, What’s the Difference? A traditional candlestick chart plots…

How To Fade The NYSE Tick When Trading E-Mini S&P 500

As short-term active traders, we want to enter and exit according to the most relevant information. Earnings and quarterly projects just don’t give us the signals we need to get in and out of the markets with precision. That being said, even most traditional “indicators” like stochastic and MACD lag…

The Key To Trading Fibonacci Retracements

Trading Fibonacci retracements as a low risk/high reward entry is an approach that’s been around for a long long time. At times, it can be freaky how placing a Fib retracement on a chart can be so accurate. But when we take a look at Fibonacci retracements and the golden…

Market Breakout? Watch New Support & Resistance Levels

Over the past few weeks the markets have been pretty stagnant, almost lifeless, not really moving much in either direction. This repeated lack of activity day after day is known as consolidation and has created a small 20-pt range in the E-mini S&P 500. This will eventually lead to a…