The Four Horseman of the Failed Trader are Ego, Battling Price Action, Inadequate Homework, and Ruin. Most traders that fail and leave the markets never learn the lessons that the market was trying to teach them. In all likelihood there were four horsemen that rode through that traders account leaving lost battles, pestilence, …
Every day trillions of dollars flow from trader to trader, from market to market. Many traders are just happy to dip their bucket in and take a share each day for themselves. But where does the money flow? Every day options lose time value, options sellers blow up, shorts cover for a loss, trends …
10 Ways To Get Trading Profits Flowing in Your Direction Read More »
In golf, it’s better to hit a hole in one than sink a put at par. In trading, it’s better to get a great entry point and ride a trend for days, weeks, or months than to attempt to day trade something all day long. Some golfers sport nice golf clothes, use expensive clubs, and dish out advice …
The long term up trend is still intact and strong. No long term damage in this chart action. The short term up trend has shifted into a price range of $167-$170. The most recent gap up acting as support in this newest leg up. There was profit taking five days in a row as we …
So many arguments and fights about trading that happen on social media are simply due to a lack of understanding about another trader’s methodology or time frame. So many think their way is the ONLY way to make money in the markets. But the “Market Wizards” series of books showed us that there are …
10 Things Winning Traders With Different Methods All Have In Common Read More »
Thanks Shane Yates for the idea and material for this blog post. Enter the “trader zone”…. wait, wait, wait, wait- pounce….. “A lone lion usually has a hunting success rate of only 15%. Though during a night hunt, their success rate can climb over 40% . In areas with tall grass, they manage …
“If you diversify, control your risk, and go with the trend, it just has to work.” -Larry Hite We often hear of trading with an edge, but how do we know for sure we have an edge in our trading? How do we know that the odds are in our favor, and …
Wile many traders love to trade through earnings and some even make money doing it I prefer to stay on the sidelines and let things work themselves out before I commit capital. I have played many trends into and after earnings but have rarely ever held through earnings. It feels to much to …
5 Reasons I Don’t Hold Through Earnings Announcements Read More »
With somewhere between 80% to 90% of traders losing money consistently in the long term and most new traders not even making it through the first year I thought ten tips on survival may help some of my new blog readers be in the markets this time next year. I have seen so many …
