This is a GUEST POST from Rolf @Tradeciety. The exciting start Do you remember how you got started in trading? Everything seemed possible, and you were ecstatic about the possibilities that trading offered, but what happened afterwards? This article will help you understand the different phases almost all traders will go through, why they are […]
The Life Cycle of the Typical Trader Read More »
With so many people on Twitter looking for a trading book or book recommendations by @canuck2usa, I have decided to compile a list of his tweet recommendations. I have read many of these myself, and they are truly some of the best. These are a great mixture of Elliott Wave, options, momentum trading, psychology, risk management,
DK1 @canuck2USA Says Read These Books Read More »
Jack Schwager has personally interviewed the greatest traders of our time. He has published several timeless classics, among them my favorite trading book of all time “Market Wizards”. I was thrilled when I heard that Mr. Schwager had developed his own technical indicators, and they were available through TradeShark.com. TradeShark was generous enough to set me
Jack Schwagers Technical Trading Tools Read More »
“You adapt, evolve, compete or die.” – Paul Tudor Jones Learning to trade is an evolution of trader and system. You have to continually learn and grow as a trader. The markets are dynamic and we must continual learn to refine our system. Our losses must be our lessons, our wins must be our
Trading Lessons I Learned the Hard Way Read More »
Trading is difficult because no method, system, or style works in all markets, all the time. Profitability is primarily a result of losing small when you are wrong, and maximizing profits when you are right. Knowing and trading your edge is the best path to profits. Here is who makes (or loses) money in different
Trading Methods That Lose Money Read More »
The path to profitability Commit to doing the work required to be a successful trader. Create a trading system that captures trends in your time frame. A trader has to be on the right side of the trend in their time frame. The path of least resistance is where you will find the best
The Path to Profitable Trading Read More »
The difference between traders that rely on their instincts and chart reading abilities and those who are pure system traders. Discretionary Traders… …trade information flow. …are trying to anticipate what the market will do. …are subjective; they read their own opinions and past experiences into the current market action. …trade what they want and have
Discretionary Versus Systematic Trading Read More »
Are You Diversified? Investopedia describes diversification as “A risk management technique that mixes a wide variety of investments within a portfolio” that “strives to smooth out unsystematic risk events” “so that the positive performance of some investments will neutralize the negative performance of others.” I personally think of it as the process of combining multiple
The Power of System Diversification Read More »
“We learned just to go with the chart. Why work when Mr. Market can do it for you?” – Paul Tudor Jones Only price pays. In trading, emotions and egos are expensive collaborators. Our goal as traders is to capture price moves inside our time frame, while limiting our drawdowns in capital. The
10 Great Technical Trading Rules Read More »
For all the people that have asked for it: Here are five trades examples step by step. These were all shared in real time on twitter. My December $UPRO Trade My Simple and Effective $TQQQ Trade Do Bears Drive Electric Cars? My Big Juicy Apple Option Strangle Play My Recent $SPY Trade December 2014
5 Real Life Trade Examples Read More »
