Thomas L. Busby

• Tricks for overnight success

  By Thomas L. Busby  |  February 13, 2008

  It’s 4 a.m. An alarm rings in Chicago, and a hand slips out from underneath the covers to turn it off. Economic news from Europe will be announced in 30 minutes and it may spark a trading

• The other side of midnight

  By Thomas L. Busby  |  January 16, 2008

  Few careers offer as much flexibility as trading. With a computer and Internet access, trading is a mobile vocation. In fact, you can get on a virtual train and travel around the world electronically

• Risk management is key to day-trading

  By Thomas L. Busby  |  November 14, 2007

  On Oct. 19, 1987, my life was rosy. I was a vice president of a major brokerage firm. The family was doing great. I had a nice house, cars and other amenities that a cushy income could provide. By

• Five keys to surviving the news

  By Thomas L. Busby  |  October 18, 2007

  Day-traders live for big news events. News moves markets. The Federal Reserve announces a rate cut, and the financial markets ignite. Terrorists succeed in delivering a crippling blow to an oil

• Trading while the pit bulls sleep

  By Thomas L. Busby  |  September 17, 2007

  An American in Paris sits at an ornate wooden desk in front of a hotel window overlooking the Place de la Concorde. He glances down at the pedestrians strolling along the Champs-Élysées, then

• Taking momentum to the bank

  By Thomas L. Busby  |  August 17, 2007

  By definition, day trading is short-term. That is, the entire trading cycle is completed within the course of a single day or trading session. Given that constraint, prices must move quickly to

• Day-trading defined

  By Thomas L. Busby  |  July 17, 2007

  By definition, a day-trader enters and exits the same positions during the course of a single trading session. A day-trader does not hold positions overnight and may only hold them for a few seconds

• Getting started in day-trading

  By Thomas L. Busby  |  July 17, 2007

  The allure of day-trading is undeniable: Be your own boss, create your own schedule, work from home and make a fortune. That is the dream of thousands of day-traders. A few will experience much of