The trader that rejects risk management and thinks they do not need it discover sooner or later that they did. A trader can be successful for periods of time ignoring their risk exposure and their probabilities of the risk of eventual ruin. However they learn that they were just mortal and the trading gods will […]
10 Reasons Risk Management is Essential to Profitable Trading Read More »
Dis·ci·pline : a way of behaving that shows a willingness to obey rules or orders. Discipline is a key element of successful trading, nothing works in trading without the ability to stay focused and take the right action at the right time. We must take our entries when we get the signal. We
10 Disciplines of a Winning Trader Read More »
There is only one way to avoid losing trades: Quit trading. If you want to keep trading then you will have many losing trades on your path to profits. Learn to accept them and not emotionally over react to any one losing trade. Here is how I do it: 10 Reasons I Do Not
10 Reasons I Do Not Regret Any One Trade Read More »
“Bear markets have no supports and bull markets have no resistance.” –William Eng Wednesday was a perfect breakout entry signal for me after the bounce off the 20 day that closed above all time highs. Since we are now at all time highs there are no stop losses or trailing stops to be hit
10 Facts About the $SPY Chart- 11/17/13 Read More »
In the past few years I have been on social media I have had the privilege of interacting with many great traders. Some communication has been through facebook messages, some through my trading group, others on twitter. Here are the traders that I have witnessed make profitable trades on a consistent basis through
The 3 Best Traders I Have Seen On Twitter Read More »
— Steve Burns (@SJosephBurns) November 14, 2013 Senator asks Yellen “How long can these programs go on?” “On and on til the break of dawn.” — Downtown Josh Brown (@ReformedBroker) November 14, 2013 “I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.”
Tweets of the Week – 11/15/13 Read More »
Many of the new traders that leave the markets with a bad experience are the ones that could never grasp the concept of reacting to what is currently happening in the markets versus their desire to know what is going to happen. The new traders that look for gurus to predict the future,
The One Thing that Most New Traders Just Never ‘GET’ Read More »
Many new traders deceive themselves. They celebrate small wins. They look for the magic solution to making money through a fail safe system. They believe a seminar or newsletter will change their life completely. The mistake trading for easy money and coaches and gurus for having that secret recipe for success. Well, there is
10 Things Traders Confuse with Success Read More »
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 »