There are times with charts and markets that it is best to be out of them. With the current risk and volatility I have been trading smaller and smaller and less and less until finally I am only in a few positions for the first time all year. One of the keys to me holding […]
10 Things Traders Can Do Instead of Losing Money Read More »
It is difficult for most traders to trade with headline risk hanging overhead. It simply causes chaos in the markets. Here are five things that are caused by the risk of market moving news coming out at any moment. Headline risk disturbs the normal flow of the markets,
The Top 10 Problems with Trading with Headline Risk Read More »
If you want to be a winner trading in the long run there are THREE things that you must do. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader.
The Trifecta of Trading Read More »
The only place luck has in trading is that you will hopefully be on the right side of unexpected moves due to surprises. In trading you should trade in such a way that good luck will benefit you and bad luck will not destroy you. In my trading luck has
How To Make Your Own Luck in Trading 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 »
With real money on the line, a new trader will discover that live trading is not the same as books or simulated trading. One of the top three things that will determine the success of a trader is the trader’s psychology. The weakest part of any trading plan is the trader himself. Stress can knock a
Managing Trader Stress Read More »
In the markets there are many different types of traders and many motivations that drive them. Everyone has heard of different types of traders based on their trading method: Swing Traders, Day Traders, Momentum Traders, etc. But what about different types of traders based on their psychology, their very purpose?
10 Types of Stock Traders Based on Their Psychology. Which Are You? Read More »
After 200+ trading books and 13 years of trading that has accumulated some nice 6 figure profits I have many things that I have decided on in my trading. I am a discretionary rule based trend follower. I have found that I have a knack for seeing the big picture
How I Trade Stocks 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 »
