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 […]
Why BIG trades are a BAD idea. Read More »
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 500 is much
Ten Benefits of Trading the S&P 500 Index Read More »
Last week Thursday rocked the bulls hitting stops and making everyone think that was the yearly top, it ended up running the full trading range breaking from a new all time high and falling all the way back to the 20 day but holding. Then Friday it moved wildly after the payroll report in the
Ten Fast Facts About The $SPY Chart Read More »
Many championship sports team became champions by building the best defenses in their league. Why focus on defense? Why not focus on scoring points and offense? In sports I believe it is much easier to avoid your opponent from scoring in the first place than to have to play catch up. If a defense
Why Traders Must Play Championship Defense. Read More »
You can’t think & trade at the same time… which means you need to have thought out everything ahead of time. — Trade Like a Casino (@TradeLikeCasino) November 8, 2013 “We respond to our thoughts and feelings about reality; we don’t respond to reality.” – Charles Faulkner — Andrew Selby (@DontTalkStocks) November 7,
Tweets of the Week – 11/8/13 Read More »
Today the equity marking had some of the nastiest action of 2013. While there has been many signs of bulls horns slowly cracking, today was a real trend changer, and it was fast. $SPY crashed from an attempt to break all time highs to finding support at the 20 day line in one day.
Breaking Bad $SPY $QQQ $IWM Read More »
A trader’s best friends are risk management, trading method, perseverance, self control, and passion. Here are a trader’s worst enemies: Stubbornness: Not cutting losses and sticking with a trading method that doesn’t work. Arrogance: Believing that you are smarter than the majority of market participants before being proven. Opinion: Opinions about the future are
A Trader’s Ten Worst Enemies Read More »
A trading method and system is only a small part of successful trading. The trader is the weakest part of any method. No trading system will work if the trader trades too big and too often because eventually being wrong will be the end of that trading account. A great trading system will
10 Edges for Traders Read More »
New traders make the mistake of focusing far too much energy and effort into entries. Entries do have to be good to give the trader the potential for a profit. Preferable risking $1 to make $3 and at the point where maybe a trend is starting. However the entry is really not the most
Trading is More Than Just Entries Read More »
In looking back at my historical trading results my big winning trades that I have banked and held on to were longer term trades. Even with trading weekly options the ones I was able to hold for almost a week or at least roll the profits over throughout the week were where my big returns
Some Advantages to End of Day Trading Read More »