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New analytics tool
Take a deeper dive into your journal data Journal Analytics: Finding the Pattern A second tool is up in the trading section, and it exists for one reason. The trade journal tells you how much you made. This tells you where it came from. Export your journal, drop the file into Journal Analytics, and it pulls your P/L apart every way the data allows. Four questions it answers immediately Which strategies make money and which only feel like they do. Which levels are worth tradin

Kevin E Harris
Oct 113 min read


Trade Journal V1.0
The Trade Journal Is Live! There's a new tool available: a full trade journal that runs in your browser, keeps your data on your own machine, and grades your progress as you go. It started as a simple log. It ended up as something closer to a performance dashboard, because once the entries exist, there's no reason not to put them to work. The scoreboard: Four figures sit at the top of the page and update the moment you log a trade. Account Balance is the one people tend to li

Kevin E Harris
Oct 114 min read


Position size
What Is Position Sizing? Position sizing is the deliberate calculation of how many shares, contracts, or lots you purchase on a single trade. It can be determined in different ways, all acceptable depending on strategy. It is NOT based on how "confident" you feel about a chart pattern. It is NOT based on a tip you heard on TV. Proper position sizing can involve different independent factors depending on your chosen plan, strategy and style. Account based: ($ or %): Share size

Kevin E Harris
Sep 46 min read


The PDT Rules Change
The PDT Rule Is Dead: What FINRA's June 4 Overhaul Actually Means for You For over two decades, one number governed whether you could day trade freely: $25,000. If your margin account balance sat below that line, four day trades in five business days got you flagged, and your account got restricted. It didn't matter how good your setups were or how disciplined your risk management was — the balance in your account was the only thing that mattered. That's over. On June 4, 2026

Kevin E Harris
Aug 104 min read


Stop Hunting
For any beginner trader, the experience is almost guaranteed: you place a perfect trade, set a logical stop-loss, and then... bang. The price dips, triggers your stop, and immediately reverses, leaving you to watch a profitable trade sail away without you. It feels personal. It feels like the market makers are out to get you. Welcome to the world of "stop hunting." That's the feeling, at least. But the reality is far more nuanced and much less conspiratorial. Instead of a sha

Kevin E Harris
Mar 75 min read


Mechanical vs Discretionary:
Which style of trading suits you best? Trading involves many decisions, and one of the most important is choosing between mechanical and discretionary approaches. Each style has its strengths and challenges, and understanding these can help you find the strategy that fits your personality, goals, and trading environment. What Is Mechanical Trading? Mechanical trading relies on predefined rules and algorithms to make decisions. Traders using this method follow a strict set of

Kevin E Harris
Jan 22 min read


Let's be honest...
Let’s be honest — trading looks glamorous from the outside. You see screenshots of big profits, slick YouTube videos with fast charts, and people claiming they quit their jobs to trade full-time. It’s easy to believe that you can do the same in a few months if you just “learn the right strategy.” But that belief is where most new traders set themselves up for failure. The Truth About Making Big Money Early Trading isn’t a shortcut to wealth — it’s a craft. Like medicine, law,

Kevin E Harris
Jan 14 min read


This changes everything!
If you are struggling a bit and dealing with more loss than gain, this is something that will help you turn that corner in no time. As i am sure you are aware, keeping a journal is vital. But how you use your journal is critical. One big way your journal will help you is tracking the P/L (profit and loss) of every trade you take. This is one area where a digital journal with graphics capability is a huge plus. There are some really good online and application based journals a

Kevin E Harris
Nov 12, 20252 min read


Discipline and Patience
Discipline and Patience. We hear these words tossed around all the time in trading circles, in training videos, books, and other media. But what do they really mean? A good short answer is discipline to stick to your plan and your strategy, and patience to wait for the right setup to develop, and for the trade to play out. But let’s dig a little deeper. They don’t show up on a chart, but discipline and patience shape every decision you make. Here are some examples of how thes

Kevin E Harris
Oct 20, 20254 min read


Expected Move
The Value of Using the Expected Move When Planning a Trade In trading, uncertainty is the only constant — but that doesn’t mean you...

Kevin E Harris
Oct 7, 20253 min read


The 'Unforeseen'
How to Deal with Unforeseen Events While Day Trading When Technology Fails You in Day Trading (and How to Handle It) Let’s be real: day trading is stressful enough without your gear turning against you. You’ve got your plan, your levels, and your risk all lined up. Then, suddenly, your internet cuts out mid-trade. Or your mouse dies just as you’re about to flatten your position. These things happen more often than you’d think. If you’re not ready for them, they can cost you m

Kevin E Harris
Sep 19, 20253 min read


New Tool!
We have added a new tool to the tools page. This Trading Proficiency Calculator will let you keep track of your level of proficiency as a...

Kevin E Harris
Sep 12, 20251 min read


Trade Fade!
Understanding Trade Amnesia Have you ever noticed that the moment you enter a live trade, all the rules and strategies you carefully studied seem to vanish? It’s as if your brain experiences “trade amnesia.” You know where your stop should be, what your target is, and why you took the trade in the first place. Yet, once money is at risk, fear and greed can hijack your decision-making. This is one of the most common and dangerous problems traders face. The good news is: you ca

Kevin E Harris
Sep 1, 20253 min read


The Big Switch
The big switch: From Fear and Hope in the Wrong Places to Fear and Hope in the Right Ones One of the biggest shifts in trading...

Kevin E Harris
Aug 30, 20252 min read


Make a plan!
Why Every Day Trader Needs a Plan Day trading can be fast, exciting, and full of opportunities—but it can also be overwhelming and...

Kevin E Harris
Aug 26, 20252 min read


Experience
Hello fellow traders. I would like to say a few words about experience. Day trading offers the potential for fast profits, but it also...

Kevin E Harris
Aug 15, 20252 min read


Welcome to LRT
We are glad you are here! Let's go over what you can expect...

Kevin E Harris
Jun 8, 20252 min read


Risk Management Techniques for Traders
In the world of trading, the potential for high returns often comes hand in hand with high risks. As a new trader, it is crucial to...

Kevin E Harris
May 29, 20252 min read


Proven Strategies for New Traders
Are you a new trader looking to navigate the complex world of trading? With the multitude of strategies and information available, it can...

Kevin E Harris
May 29, 20252 min read


Maximize Profits with Capital Management
In the world of trading, maximizing profits is the ultimate goal for any trader. However, achieving success in trading requires more than...

Kevin E Harris
May 29, 20252 min read
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