“Where you want to be is always in control, never wishing, always trading, and always, first and foremost protecting your butt.” -Paul Tudor Jones This week was a lesson in how well traders managed risk, and how fast they could cut losses when they were wrong. If you made money this week, BRAVO! However, the …
The 7 Psychological Mistakes That Blow-up Trading Accounts Read More »
How Does Quadruple Witching Occur? Quadruple Witching occurs as four different types of derivative instruments reach their final trading day at the same time, on the same day. In the US market, the final trading day for stock options is every third Friday of each month. The final trading day for single stock futures, …
Ten Questions to Ask Yourself During Losing Streaks in Trading Are you trading in the wrong direction of the trend in your time frame? Money is made in going with the flow the vast majority of the time. Are you buying break outs in range bound markets or trying to swing a trend? …
10 Questions to Ask Yourself During Losing Streaks in Trading Read More »
Trading stress is primarily caused by two things: either not knowing what to do, or knowing what to do and not doing it. Many times, a new trader will discover that there is a big difference between reading about trading or simulated trading, and trading with real money on the line. Stress can knock …
Ten Things Traders Need to Start Doing to Make Money Take stop losses when they are hit, holding and hoping drains your money and your emotions. Never enter a trade without and exit plan, you need a stop loss for losing trades or a trailing stop for winning trades, and possible target areas where …
Ten Things Traders Need to Start Doing to Make Money Read More »
Ten Things New Traders Need to Quit Doing if they Want to Be Successful Quit trying to hit big home run trades that stress you out and make you watch every price tick all day and focus on a winning trading method. Risk a little to make a lot and stop risking a lot to …
Ten Things Traders Need to Quit Doing if they Want to Be Successful Read More »
With all the drama last week in the indexes and what seemed like wild action for traders watching live trades, it was nothing more than the market staying within a two week trading range in a range bound market. A $160.00 support/$165.50 resistance two week trading range does not sound like a lot of volatility …
Quick Facts on Three Important Charts $AAPL $GOOG $SPY Read More »
I want to like TSLA, I want to be that guy that bought it as it broke out to new highs but I can’t. This stock is all technicals and chart and no fundamentals nor will it have any for a very long time. This is the definition of a bubble and the madness …
I really enjoyed this book because it shows real life examples of investors and traders who made huge gains following the principles and strategies of William O’Neil’s book “How to Make Money in Stocks” and the paper Investor’s Business Daily. Somewhat like the “Market Wizards” series from Jack Schwager, author Amy Smith distills the principles …
Jesse Stine has audited results of turning $46k into $6.8 million in 28 months (14,972%). As far as he knows he is the post internet bubble record holder among retail traders. Dan Zanger still holds the world record. This book is a tale of blow ups and making millions. I believe fans or Jesse Livermore …
