If I was a trading doctor, I would look for these 10 symptom in a trader before I diagnosed them as being greedy. Greedy trading can result in blindness to danger, dizziness for profits, and a loss of trading capital. Look for these ten warning signs : Greed causes the trader to only look at […]
Top Ten Side Effects of Greedy Trading Read More »
Linda Bradford Raschke – 50 Time Tested Classic Stock Trading Rules by Olivier on December 20, 2009 Last posted in Tischendorf Letter Shout-out to LeRoy Gardner. He posted these rules a while back on his blog. Ms. Raschke was recognized in Jack Schwager’s critically acclaimed book, The New Market Wizards. She produces six
50 Trading Rules from a Real Market Wizard Read More »
There are times in the markets where risk management is far more important than profits, keeping the capital you have safe more important than growing it. I believe this is one of those times with volatility growing, uncertainty increasing, and many types of traders seeing profits evaporate and losses mount quickly. This is a great
The Many Faces of RISK 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 »
If you want to make money in the stock market it is crucial that you trade correctly for the market you are in. In up trends buy long and purchase call options. In down trends sell short and buy put options. In range bound markets look for trends in
Don’t be a Trading Hero Read More »
In trading most new traders allow hope and fear to dictate their trading. They have a losing trade and instead of selling it and getting out they instead hope it will come back to even allowing the loss to grow. Another error for new traders is that when they have
Using Hope & Fear Correctly in Trading Read More »
While I do not predict, I do play the trend and the probabilities in my trading. I am currently long 100 shares of Priceline stock at an average price of $723 a share. Thanks to Expedia’s much better than expected earnings and sales results $PCLN holders got to experience a
Top Ten Reasons $PCLN could go to $800 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 »
Trading is not all about just stock picking, it is not just about a winning system. Yes, first you have to understand how to trade and put the odds in your favor of winning, but that is not enough. You must also add in risk management so when you lose ten times in a
How Many Dimensions Do You Trade in? 1, 2, or 3? Read More »
In trading activity alone does not make money, the right activity at the right time is what makes money. Many times the right thing, is to do nothing. In your actual trading you have to do four things very well to make money. You have to know when to get in. Only enter trades that
To Trade or Not to Trade: The Most Important Question Read More »
My trading consists of trading existing trends wherever they are. There is nothing I like better than to find a stock or ETF breaking out to all time highs or breaking down to all time lows after being range bound. I also like to buy off key supports in longer term trends like the
The Anatomy of a Trend: 10 Guidelines Read More »
With the market in correction and with many of my favorite monster stocks like Apple and Price Line stopping me out a week ago after losing their 5 day ema and then after I was out even falling back to their 20 day simple moving averages. I had
10 Reasons Why I am still short Groupon Read More »
On Friday the 13th our heightened sense of awareness probably labels many things as unlucky when the odds are they are normal things but we notice them more today than ever on this ‘unlucky’ day. The same thing happens in trading when we get purely lucky and think we are
What is Luck & What is Skill in Trading? Read More »
In trading the money is not in opinions it is in following the actual price action and going where it takes you. The long term money is not in the big bets it is in controlling your risk so you can keep some profits. The money is not in being
I Will Show You the Money $$ Read More »
People lose money shorting stocks because they do it wrong. Easy money is made in bull markets by being long monster stocks not trying to bet when they will stop going up. This kind of shorting does not put the odds in your favor, shorting is not even worth the
Five Great Short Plays Read More »
Just like members of the US Army Special Forces stand out as being special for their green berets, stocks that have green prices on days when the majority of the market is in correction are very special also. These are ones to add to watch lists, study charts, look at
The Green Berets of Stocks Read More »
Just about every new trader who launches into trading before doing the proper homework ends up ‘blowing up their account’ which is generally considered suffering a 50% or greater draw down from their original equity starting point. Some of the signs of being in danger is just trading your opinion
Trading: The Art of the COMEBACK Read More »
In trading focus is crucial. You have to know who you are as a trader and exactly what your method and trading plan is, and you must follow it. In trading discipline makes money, focus makes money, monster stocks make money, while risk management allows you to keep the money
Picky Traders are Good Traders Read More »
Most new traders generally go looking for the holy grail of trading. That system that just prints money, they believe it exists and will look relentlessly for it. However there is no holy grail of trading. The closest thing a trader can get to a holy grail in trading is a robust mechanical trend following