One of the most frustrating things a trader can experience is being dead on right about a trade, taking it, BUT.. still losing money! How can this be? This can happen in five different ways, each of the first four contain a lesson for better planning the fifth way […]
5 Ways To Be Right About a Trade BUT… Still Lose Money. Read More »
“Stay Hungry, Stay Foolish.” -Steve Jobs Is the Apple monster stock run of the century over? Has the Fox Conn labor problems and the Samsung Galaxy 3 finished off the once mighty Apple? Without Steve Jobs is it just over, due to no innovation and a decline? Or is this
How Far Will The Apple Fall From The Tree? My Entry Plan. 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? How do we know that the odds are in our favor, and that the more we trade,
7 Ways to Trade With An Edge Read More »
This blog post is an excerpt from my book New Trader, Rich Trader. “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded
There are warning signs that a trader is going down the road road in a trade or in their trading in general. Traders have to go with the flow of the market, manage risk, and keep their mind open to actual price action. Departing from these principles
7 Warning Signs That A Trader Is In The Danger Zone Read More »
“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other loss is due to your lack of discipline, causing your system
A Trader’s 5 Best Teachers Read More »
AAPL – Buying In The Face Of Fear Guest Post By All About Trends All week under the chart notes on AAPL we advised subscribers the following: 10-1 Where is the “What Do I Need To See To Make Me Take A Trade”?, to which we’ll refer to as the
$AAPL – Buying In The Face Of Fear Read More »
#1 Trader Know Thyself The first step in a trader’s journey is to do some self reflection and learn their strengths and weaknesses—both internal and external. Do you love the action of day trading or would you prefer holding positions for long period of times letting a trade play out? You must pick a style
A Trader’s Journey: 7 Stepping Stones Read More »
There are young people in the market that are really bad traders and there is also old traders that are very good, but there are no old bad traders in the market because they went broke and gave up a long time ago. You might be a bad trader if………. …your primary method
You Might Be A Bad Trader If…… Read More »
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” -George Soros While the longer term up trend is in place it is looking wobbly
The Good, the Bad, and the Ugly Charts Read More »
If you truly are serious about being a trader then there are seven things that you will have to accept. You will have to accept that over the long term at best only 60% of your trades will be winners. It will be much less with some strategies. Accept that the key to being
7 Things Each Trader Has To Accept If They Want to Trade Read More »
This morning one of the best short play stocks of the year gapped up on earnings and provided a new opportunity for beat up longs to get out with their shirts and bears a chance to get short at a much better entry price. I took the entry and went
The World’s Ugliest Daily Candlestick Read More »
Who is Dan Zanger? Dan Zanger is the modern day version of the legender trader 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.
Who Holds The World Record For Stock Trading Returns? This Guy… Read More »
Many times, good traders make the right trade but still lose, but it is okay because they will win in the long term because their method is tested, their risk is managed, and their mind set is right for long term trading success. They have developed the skills of a successful trader. Other times a
Is Your Trading Skill? Or Just Luck? The Difference… Read More »
“There is nothing more important than your emotional balance.” – Jesse Livermore While taking losses is always uncomfortable, Taking them based on a predetermined exit strategy takes away some of the mental pain. Cutting losses when you know you are wrong also limits the size and extent of the loss and the severe pain of
5 Keys to the Mental Game of Trading Read More »
Apple appears to currently be at a crossroads after today. The Foxconn riot and the 5 million iPhone 5 ‘s sold did not inspire more longs to come in. The stock grew more volatile and could not find its way. The 5 day ema which acts as support in the
The $AAPL Chart Action & Where I Want to go Long Again. Read More »
I am long Apple and Google going into Monday morning via in the money weekly options. I will not be one of those people fighting this tape. We are in an up trend, this is a bull market. Prices are going up not down, yes we could reverse, but we
My Thoughts, My Charts, My Picks Read More »
Many traders have not done their homework in understanding how the greatest stocks in history acted. How they created products that changed the world and both earnings expectations and real earnings drove these stocks up to dizzying levels. Traders that have not done the homework think these stocks are short plays and just can’t
Recipe For a Monster Stock Read More »
Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House Anyone who has driven down the strip in Las Vegas can tell who is rolling in the money – the Casinos! Why do gamblers keep going back, despite losing the majority of the time? A combination of misplaced hope, fantasies about
Trade Like A Casino, Not A Gambler Read More »
The Ten Commandments of Trading Thou shalt follow no tips only your trading plan. Thou shalt not make unto thee a pet stock, commodity, or currency, thy shall trade the price action. Thou shalt not take too large a position in any one trade. Risking 1% or 2% of trading capital is enough. Remember the
The Ten Commandments of Trading Read More »