December 2012

  “I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.” -Bill Lipschutz “Here’s what I believe: The markets are not random. I

  When I named my favorite twitter accounts a few months ago I had many suggestions on others that should have made that list. With all the suggestions I received I was inspired to create a poll and let the twitterverse vote to decide who they found to be the most helpful. Everyone can vote

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In over a dozen years of learning what works and what doesn’t in profitable trading I believe there are many paradoxes. Most of trading is counter intuitive and new traders usually enter the market looking for predictions, sure things, hot tips, and to know what to buy. In reality it is following price action as

‘Twas the week before Christmas, when all through the markets stocks were all volatile, even the financials; Risk was managed with care, In hopes the Santa rally soon would be there; The traders were cautious all small in their trades, While visions of a crash danced in their heads; Obama and congress trying to make

There are many trading principles that are common among successful rich traders. It is important to learn the things that allow them to win so we can follow in their footsteps and make money. There are 10 things that new traders can start doing tomorrow to improve their results immediately. If you have been trading

“People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this earth.” – Jesse Livermore It is funny that so many look for stock picks and gurus for trading success. Many think there is a secret that rich traders know but just won’t tell anyone.