“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Unknown When I was a teenager, I was fascinated with compounded return tables. They seemed like magic to me. I knew that at some point in the future, I could build up […]
Magic of Compounding Returns Read More »
The definition of man·age: To direct or control the use of; handle. To exert control over. To make submissive to one’s authority, discipline, or persuasion. To direct the affairs or interests of. To succeed in accomplishing or achieving, especially with difficulty; contrive or arrange. 1. Traders must be great risk managers. “At the
The Top 7 Things Traders Must Manage For Success Read More »
They trade too much. The edge that small traders have over institutions, is that they can pick trades carefully and only trade the best trends and entries. The less they trade, the more money they make, because being picky gives traders an edge. Unprofitable traders tend to be trend fighters, always wanting to try to
10 Bad Habits of Unprofitable Traders Read More »
40 steps in the trader’s journey from new trader to rich trader. They are as follows: We accumulate information, we learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. We begin to trade with our ‘new’ found knowledge. We make profits only to give it back very
40 Steps In The Trader’s Journey Read More »
Trading is Really All About Two Things Right Decisions and Wrong Decisions. Most people think they’re playing against the market, but the market doesn’t care. You’re really playing against yourself.” -Marty Schwartz “Pit Bull” It is not the markets that beat us, we beat ourselves. Successful comes from our ability to follow price
What Trading is Really All About….. Read More »
It blows peoples minds on twitter when they start a big passionate argument about why my trade is wrong and I just say, well if I am wrong I will stop out with a small loss and maybe reverse it if I get an entry signal to reverse. No big deal just
You Don’t Need to Be Nostradamus To Make Money Trading Read More »
The stock market is in a powerful uptrend, shorts were hurt last week in their positions. All short term moving averages are bullish with the 5-10-20 all over the next one. Ben Bernanke said what the market wanted to hear and it responded with a buying frenzy. Many leading stocks are making all time
Ten Reasons Why Bulls are Still Bullish Read More »
Where do you begin when you want to start trading the markets? I believe homework is crucial, reading, chart studies, historical prices, risk management, trader psychology, learning from the success stories and professional managers are all key areas to cover. Below are links to some great interviews by top traders that explain their principles of
Five Great Sources For Free Trader Education Read More »
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
10 Things A Trader Needs to START DOING if They Want to Make Money Read More »
In Fullerton’s, there were the usual crowd. All grades! Well, there was one old chap who was not like the others. To begin with, he was a much older man. Another thing was that he never volunteered advice and never bragged of his winnings. He was a great hand for listening very attentively to the
It’s A Bull Market, You Know! Read More »
