Trade Like a Casino @TradeLikeCasino: Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House (Wiley Trading) “If we are properly managing the risk and adhering to a positive expectancy model, the act of trading a position should be boring.” – Richard Weissman Michael Covel @Covel: Trend […]
10 Of My Favorite Trading Authors Are On Twitter Read More »
“There are as many as 10 components to a professional trading system, and the entry signal is probably the least important.” – Van Tharp So many trader’s spend a huge majority of their time on the best entries into trades when that is not really the most important thing for profitable trading. Here are
Ten Things More Important Than A Trade Entry Read More »
Great chess quotes from Garry Kasparov that can apply to chess, trading, and daily life. You must know what questions to ask and ask them frequently. Questions are what matters. Questions, and discovering the right ones, are the key to staying on course. The top achievers believe in themselves and their plans, and they work
Great Chess Quotes For Traders Read More »
“If there was easy money lying around, no one would be forcing it it into your pockets.” – Jesse Livermore There is so much garbage out there concerning trading online and the temptation for easy money that many new traders
Ten Trading Books for Grown Ups: Read More »
Ten Things A Trader Has To Know You have to know your own tolerance for risk and draw downs in capital. Not what you believe is your risk tolerance but what you can bear in reality when your real trading capital is down 5%, 10%
Ten Things A Trader Has To Know Read More »
Last week was very choppy and sloppy and the market could hit a signal intra-day then move fast. Equities as a whole are not under accumulation in 2014 so far they are only be traded in ranges as an asset class. $SPY and $SPX are still negative on the year but have provided plenty of
10 Fast Facts About the $SPY Chart Read More »
The Pro’s Process – Richard Weissman Determining Optimal Risk Optimal Position Sizing Reduces Risk A Dozen Things I’ve Learned from Nassim Taleb about Optionality/Investing What is max pain or option pinning? 1 MIN READING: The fisherman and the businessman Triple Threat March OPEX + What SPY
Trader Food For The Weekend: 10 Great Links Read More »
@SJosephBurns Where the hell was this list last year??? 🙂 — Scott Lee (@OnClose) March 13, 2014 Making $ every month is either the next LTCM or Madoff: Pick your poison. Every smart trading strategy encounters drawdown. #trendfollowing — Michael Covel (@Covel) March 9, 2014 Backtesting, while important, is not the Holy Grail.
Tweets Of The Week – 3/14/14 Read More »
First of all, you really should not even be trading your very first year you start in the markets. The first year should be spent finding out what the right questions to ask even are not trying to beat professionals at their own game. Most new traders don’t survive their first year because they trade
10 Ways To Survive Your First Year of Trading Read More »
Ten Simple Ways To Trade Better It is crucial to trade quantified high probability entry signals with good risk/reward skewed in your favor not your emotions or your opinions. When you enter a trade decide where you will stop out of the trade if
Ten Simple Ways To Trade Better Read More »
Ten Signs Your Trading Is Getting Better Your losses are getting smaller and smaller. Your losing streaks are not as long as they use to be. Your draw downs are not as big as they use to be. You are very
Ten Signs Your Trading Is Getting Better Read More »
Here are the results of my poll to find the most under-followed traders on twitter. This search was for the hidden gems that share great information on trading. They may be entertaining, educational, or both. Almost 700 votes were cast, with many shares. For the
Most Under-Followed Traders on Twitter Read More »
The 70 RSI level is the intra-day resistance here. $190 $SPY will also likely be a key resistance if we get there. Above the $SPY $190 or 70 RSI we would be parabolic but the odds are against it. The risk/reward is in favor of the downside but momentum after the gap favors a
Ten Fast Facts About The $SPY Chart Read More »
Endowment Effect A Technical View: Weekly CME Group Natural Gas Futures After a Dazzling Early Career, a Star Trader Settles Down You may have to click through twice and accept the terms to get this link to work.: Letter From Larry Hite December 16, 2013 Single stock futures + Trend Following (PDF) 10 Habits All Extremely
Trader Food: 10 Great Trading Links Read More »
@R2RayCFreeman C’mon Plunge!! 😀 pic.twitter.com/FhXBv6kEJU — Ray C. Freeman (@R2RayCFreeman) March 7, 2014 @SJosephBurns seeing a lot of “so far” in everyones comments today. Tells u just how close to being stopped out all of us are lol — Dave Allen (@DaveAllen28) March 7, 2014 @SJosephBurns @pnani456 @BloombergTV I only watch
Tweets of the Week – 3/7/14 Read More »
I have had many polls to find great traders to follow on twitter, I have also shared many different types of people to follow based on your personal preferences. But, here are my personal favorite 25 people to follow on twitter who survive the cut for me every time I try to clear out
Favorite 25 Traders I Follow on Twitter Read More »
Gaps in prices can be one of the strongest indicators of momentum and while many are using gaps as an opportunity to get out of a winning trades many times it is a great entry signal and beginning of a strong trend in the direction of the gap. Gaps work best in growth stocks especially
How I Like to Trade Bullish Gap-ups Read More »
“There are really four kinds of trades or bets: good bets, bad bets, winning bets, and losing bets.” – Larry Hite – See more at: http://www.donttalkaboutyourstocks.com/market-wizard-larry-hite/#sthash.TnGH3p64.dpuf “There are really four kinds of trades or bets: good bets, bad bets, winning bets, and losing
Trading: My Losing Trades Read More »
Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.” -Alan Farley All the would be Geo-political scientist from this weekend can stop trying to anticipate where price goes with this Ukraine situation and just follow price action from here.
Focus on the Charts NOT the News Read More »