This book may be one of the greatest trading books ever published. Jack Schwager set about interviewing some of the world’s top traders in 1988 and the principles these traders were kind enough to share has stood the test of time. These were not one year wonders these traders […]
Market Wizards in a Nutshell Read More »
The Power of the 1% Bet One of the most powerful principles that makes me a successful trader is not stock picking, a specific indicator, or a trading holy grail. What allows me to win and stay in the game is that my top priority is to only risk 1% of
The Secret Sauce of Trading Success Read More »
Trading is really not as much of a numbers game as it is a mind game. Winning or losing in the long term will come down to whether you quit or keep going on your trading journey. Trading is not for everyone, there is no easy money in the markets. You will fight for
Trading with No Regrets Read More »
In trading fear can be good or bad, if you let fear control you it is bad if you control fear it can cause you to have positive behaviors. Here are the proper uses of fear in trading. GOOD FEAR Be afraid of losing more than 1% of your
What To Fear & Not to Fear in Trading Read More »
If you have not realized it yet, in trading you are not going to be right every time with your trades. You are not even going to be right the majority of the time. Most of the best traders in the world are only right 50% of the time, many
Batting .500 in Trading Read More »
While all the Apple bulls where having a celebration party on the move back to $610 today I could not help but wonder if they rode this stock from $644 to $555 and were just celebrating getting back to where they could have gotten out at weeks ago. My
Saving your Emotional Capital $AAPL Earnings Read More »
Not Managing Your Risk in Trading is like…… a fisherman putting all his bait on one hook and casting it out. an NBA star betting his career on on 3 point shot from half court. an NFL quarterback betting his pro contact on one 40 yard pass. a pro golfer on tour betting his
Not Managing Your Risk in Trading is like…… Read More »
In the spirit of April Fools Day here are the ‘Ten Most Foolish Things a Trader Can Do’. In no particular order of foolishness. Try to predict the future movement of a stock, and stay in it no matter what. Risk your entire account on one trade with no stop
The Ten Most Foolish Things a Trader Can Do Read More »
I am having the best year trading that I have ever had, I am currently up 57% year to date on my brokerage account. Of course I am not an overnight success and have been wrestling with the markets for 13 years losing money and paying tuition at the beginning of my trading career and
20 Nuggets of Trading Wisdom 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 is
You might be a bad trader if………. Read More »
William O’Neil is likely one of the greatest traders of our time based on many things. O’Neil made a huge amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. He runs an amazingly successful investment advisory company to big money firms. He
The Best Things William J. O’Neil Ever Said Read More »
This blog post could be a book but I will keep it short and to the point. Too have been bearish on Apple this year is simply the worst possible trading method that anyone could possibly have had. They are violating every principle that I know of for successful trading
7 Reasons why it doesn’t Pay to be an $AAPL Bear 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 trading. They have skills. Other times a new trader with no
The Differences Between Trading with Skill or Luck Read More »
In my reading of over 200 books on trading and the stock market I think ten stand above the rest for their ability to compress trading wisdom into an easy to digest formula that anyone can read and understand. I also reviewed all of the trading books I read on Amazon here is a
Top Ten Must have Trading Books Read More »
Apple stock has given me the best monthly return of my entire 13 year trading career in February. (28.17% in February my trades are all called on twitter). Amazingly For the last 150 points in movement for Apple I have been inundated with bears on twitter and facebook telling me
Ten Questions for $AAPL Bears Read More »
If you want to know how to identify and buy a really fast moving stock and also how to hold it for the big wins then I would strongly urge you to buy How to Make Money in Stocks by William J. O’Neil. At the beginning of this book there are over one hundred
The Best Place to $Study Monster Stock Charts Read More »
In trading there are things that cause you to win in the long term and things that cause you to even lose your account in the short term. There are ways to manage risk and there are ways to purely gamble. There are ways to think that will make you
A Trader’s 10 Best Friends & 10 Worst Enemies Read More »
In trading we must be able to do two things: manage our winners and manage our losers. If we can’t play both good offense and defense then we will not win over the long term in trading no matter how well we do with one but then fail at the
Playing Offense and Defense in Trading Read More »
For me, author, teacher, and full time trader Alexander Elder really brought my trading together in a way no other author had. He gave me the framework to build my entire trading plan around: THE THREE M’s: Mind (psychology), Method (a trading edge) and Money (risk or money management). But what does each of those
10 Things That Each Trader Must Master Read More »
If one of the greatest traders in the world told you how to buy and sell the best stocks for the most profits would you listen? Well we have a chance to do just that with Bill O’Neil’s book “How to Make Money in Stocks”. His lifetime of research on how the market actually works
Ten Ways to Trade Like the Legendary Bill O’Neil Read More »