While the generally accepted definition of a bear market is a 20% decline over a two month period. I am referring to just being bearish, believing the market will go down, seeing signs of a down trend before you are sitting with a 20% decline in your accounts or more while holding what were market […]
The Top 10 Signs of a Bearish Market Read More »
How did author and investor Chris Camillo turn $20,000 into $2 million in only three years during a bear market? It was not luck or accident as he has been studying the stock market and investing in the stocks that make money for many years. Chris has had a fascination with investing since he was
Another Real Modern Day Nicolas Darvas Millionaire Read More »
If you are just randomly trading what you like with no real underlying system, method, or planning, then unfortunately, your odds of success in the long term are slim. It is crucial that you create for yourself a system or methodology that enables you to trade in a way that historically wins, controls risk, and
Ten Questions to ask Yourself Before Every Trade. Read More »
Forgot about your opinions and feelings, what is the SPY chart saying? We are in a bearish stage in the S&P 500 exchange traded fund SPY. Bulls are currently trapped under the 50 day and need enough buyers to overcome this line. If they are successful then the 200 day simple moving average will still
SPY what is the chart saying? Read More »
The good news for Apple investors is that it is one of the hottest companies in the world and should continue to grow as it continues its dominance of the tablet market. The bad news is that everybody already knows that. The chart of Apple is one of the clearest due to the massive volume
AAPL Listen to the Chart Read More »
Arguably one of the greatest traders of the past 30 years both for his annual returns, consistency, and returns versus draw downs. Taken from his interviews and quotes here are ten things I believe he would do in this market. (Of course this is just hypothetical and my opinion based on all that I
Paul Tudor Jones and This Market Read More »
1. Do not be overly concerned about whipsaws a good trend pays for them all. A whipsaw is when you enter a position but get stopped out quickly when the market reverses opposite to your position. If you are a trend trader this may happen many times in a row in a range bound market.
Ed Seykota’s 6 Rules from the Whipsaw Song Read More »
Trader, Know Thyself. What most determines your success in trading is not your chosen method and not even your risk management. It is you, you will be the one to chose whether you will make it or not. Your perseverance, your faith in your chosen system, you self control in position sizing, whether you can
Ed Seykota’s Student Speaks Read More »
Who is Dan Zanger? Dan Zanger is the modern day version of Nicolas Darvas. His mother Elaine loved the stock market and Dan would often watch the business channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made his
Video Interview with THE Dan Zanger Read More »
Ed Seykota is a legend in the trading world. His ability to produce consistent returns for decades, and his masterful growth of his client’s accounts has earned him a place of distinction. But who inspired this Market Wizard’s trading methods? Richard Donchian Richard Donchian didn’t begin his successful trend following system until the age of
Richard Donchian’s 20 Trading Guides Read More »
As we enter the half way point of the week of the European summit and the market struggles to find a direction we need to maintain our discipline and follow our trading plan and trade our method. We should not start trading randomly if the markets start to become confusing, stick to your proven plan
Dennis Gartman’s Top Ten Trading Rules Read More »
If you want to win in trading you must have an edge. What is your edge? Trading Method Edge: You first have to have a method with a positive expectancy. This is not necessarily just a winning percentage. You simple want to win more money when you are right than you lose when you are
How to Get that Winning Edge in Trading. Read More »
Who is Nicolas Darvas? Who is this guy that even William J. O’ Neil founder of ‘Investor’s Business Daily’ says his book is recommended reading for anyone wanting to learn to trade stocks? Darvas first became interested in the stock market in 1952 when he received some mining stock in exchange for performing in a
How to Trade Like Nicolas Darvas Read More »
Is Reminiscences of a Stock Operator really the greatest trading book ever written? It was ranked #15 on ‘Fortune’s 75 ‘The Smartest Books We Know’, and Alan Greenspan said it is “a font of investing wisdom.” The majority of top trading book lists name it as recommended reading, and many great traders credit it as
Greatest Trading Book Ever Written? Read More »
At 70, Paul Tudor Jones is a self made billionaire with a net worth of $8.1 billion and is ranked as the 346th richest person in the world, he knows exactly how to trade the biggest money for the biggest returns. One of Jones’ earliest and major successes was anticipating and trading through Black Monday
The Wisdom of the Legendary Paul Tudor Jones Read More »
For a moment let’s put aside our personal opinions about George Soros and his politics and just look at what he has to say about how to trade successfully. On September 16, 1992 – later dubbed “Black Wednesday” — the day the British government abandoned the European Exchange Rate Mechanism (ERM), and the pound
George Soros’ 10 Best Quotes Read More »
Bennett McDowell has written a very useful and insightful book for traders who want to get serious about their trading. . He takes the trader through every step they will need to consider when turning a favorite hobby into a money making business. Like any business you will need to write a defined business plan
Survival Guide For Traders:Book Review Read More »
You better be managing risks on days like today, when the Dow Jones Industrial Average rockets up almost 500 points due to announcements from central banks. Shorts were punished once again, not by the normal market functions of supply and demand or emerging trends, but government interference. Such is life in the markets and trading.
7 Easy Steps to Blow Up your Trading Account Read More »
How are you feeling? Were your palms sweating as you placed that last trade? Was your heart pounding the whole time you had the big trade on? Are you trading for excitement or to make money? The hardest part of trading is not math, it is not even developing a good methodology and system. Risk
A Trader’s Emotional Indicators Read More »
Eighty-five years ago, on Thursday, November 28, 1940, Jesse Lauriston Livermore entered the Sherry Netherland Hotel, where he took a seat near the bar and enjoyed a couple of old-fashioneds. After an hour, Jesse Livermore got up and went into the cloakroom, seated himself on a stool, and then shot himself in the head with
The Greatest Trader who ever lived: Jesse Livermore? Read More »