To me trading is about more than math and entries and exits. I believe to be a truly great trader we must master our self. You must understand the risk of ruin. Profitability will only come from the exercise of some type of edge we have over the other market participants. few books, […]
Five Books That Can Help Traders: But These Books Aren’t About Trading Read More »
Here are two different ways to make money in the markets and have a profitable system. #1 Have a High Winning Percentage If the size of your wins and losses are EQUAL and you have more wins than losses then you will make money if you simply have a higher winning percentage of trades
The One Thing That Makes All The Difference For Trading Profitably Read More »
The $SPY has traded in a certain range for years, finally busting through resistance last year to shoot to a higher level. What causes this to happen? Why is buying into, and holding onto all-time highs, good trading? The more times something hits a support or resistance level, the stronger that level becomes. Most
Why I Love All-time Highs in $SPY Read More »
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,
The Four Horsemen of the Failed Trader Read More »
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
Why Golf is Like Trading Read More »
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
Another $SPY Trade I Made – 7/28/13 Read More »
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
How to Trade Like A Lion Read More »
“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 that the more
7 Ways to Trade With an Edge Read More »
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
10 Ways to Increase A New Traders Survival Rate Read More »
“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
Magic of Compounding Returns Read More »
Successful trading is more about effective management than it is about perfect predictions. Traders who excel consistently over the long term understand the importance of managing various aspects of their trading activity meticulously. Here are seven critical management areas every trader needs to master: 1. Risk Management Paul Tudor Jones famously stated, “At the end
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 »
