November 2013

10 Reasons Risk Management is Essential to Profitable Trading

The trader that rejects risk management and thinks they do not need it discover sooner or later that they did. A trader can be successful for periods of time ignoring their risk exposure and their probabilities of the risk of eventual ruin. However they learn that they were just mortal and the trading gods will […]

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5 Investing Tips for Retirees

10 Reasons I Do Not Regret Any One Trade

                                                                                                                                                                                                                                                                                                           There is only one way to avoid losing trades: Quit trading. If you want to keep trading then you will have many losing trades on your path to profits. Learn to accept them and not emotionally over react to any one losing trade. Here is how I do it: 10 Reasons I Do Not

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besttraders

The 3 Best Traders I Have Seen On Twitter

                                                                                                                                                                                                                                                                                                            In the past few years I have been on social media I have had the privilege of  interacting with many great traders. Some communication has been through facebook messages, some through my trading group, others on twitter. Here are the traders that I have witnessed make profitable trades on a consistent basis through

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reaction

The One Thing that Most New Traders Just Never ‘GET’

                                                                                                                                                                                                                                                                                                           Many of the new traders that leave the markets with a bad experience are the ones that could never grasp the concept of reacting to what is currently happening in the markets versus their desire to know what is going to happen. The new traders that look for gurus to predict the future,

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Winlose

10 Things Traders Confuse with Success

                                                                                                                                                                                                                                                                                                          Many new traders deceive themselves. They celebrate small wins. They look for the magic solution to making money through a fail safe system. They believe a seminar or newsletter will change their life completely. The mistake trading for easy money and coaches and gurus for having that secret recipe for success. Well, there is

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position sizing

Why BIG trades are a BAD idea.

                                                                                                                                                                                                                                                                                                       There is one huge difference between the winners and the losers in the market. New traders tend to go ‘all in’ on trades they are just sure will be winners. If a new trader wants to be around long enough to be a rich trader they better manage their risk per trade. Here is

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Ten Benefits of Trading the S&P 500 Index

                                                                                                                                                                                                                                                                                                              Ten Benefits of Trading the S&P 500 Index You do not have to diversify with multiple stocks for equity exposure, the index is already diversified. The risk of any one stock having something catastrophic happen will not really hurt your trade. No one stock has more than a 3% weighting.  The S&P

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