You have a great stock you want to buy but it is in a sharp uptrend. It has already formed a price base and broke out and has been in a continuous uptrend making higher highs and lower lows. Where do you get on board? What is your second chance entry? Well you can wait […]
The 2nd Chance Entry Point if You Missed the Breakout Read More »
Here are the 18 principles of successful trading that I have learned from the study of rich traders and my own successful trading in the markets over the past 30+ years. Some of these principles will seem counter intuitive and may leave new traders scratching their heads until they fully understand what they really mean.
Rich Trader’s 18 Principles for Trading Success Read More »
In trading you have heard that bulls make money, bears make money, but pigs get slaughtered. Here is a more expanded truth: Traders that have the right mind set, money management, and winning method make money, those that are missing even one of the three, will eventually ‘blow up’ their account. This applies to both
The 10 Elements of Successful Trading Read More »
Here is some great trading advice I have gathered around the web. These were either answers from real traders to the question “What is the best trading advice you ever received?” Or it was advice given be successful traders when asked “What one piece of advice would you give to traders?” There are some gems
The best pieces of trading advice Read More »
This interview really takes you into the mind of a rich trader who has made millions with momentum trading. This method is not for everyone but if you can click the buy button like Dan Zanger or Nicolas Darvas during true bull markets with stocks in companies that are world changing, you can be a
Rich Trader: Dan Zanger Interview Read More »
While pure trend followers and technical analysts will not agree with all of Mr. Baruch’s principles it is interesting to read through them, they are the same as some of the top traders and investors of our age. Some of these all traders can agree on. Bernard Baruch was a millionaire in his
Bernard Baruch’s 10 Trading Rules Read More »
Apple is just too big to keep growing. The droid is taking market share from the iPhone. Can Apple keep its dominance with Steve Jobs passing? I say yes, absolutely, this company is the modern day monopoly that is just so big and so good it gobbles up competitors with no effort. Its only real
10 reasons $AAPL can go to $500+ in 2012 Read More »
For traders who make money by trading the trend in the markets, the fourth quarter of 2011 was amazingly confusing . Whether it was mainland Europe’s so-called PIGS seemingly intractable debt crisis, ‘revolutions’ in the Middle East, or the political maneuvers by American politicians focused on while not dealing with the growing national debt that
2011 4th Quarter Rollercoaster Ride Read More »
Surprisingly winning traders success is not based on picking the right stock at the right time. Millionaires were not created from simply having a magic system for trading the markets. What is the secret sauce of long term successful traders? You might be surprised. #1. Having the right mindset to win in trading. (Trading Psychology)
These Two Things Will Determine a Traders Success in 2012 Read More »
Trading is not all fun and games. We do not make money every day and certainly not on every trade. It is not like other careers or jobs where you work and then get paid. Our pursuit is more like the life of an entrepreneur. Our idea may work or it may not. The
Overcoming the Top 10 Pains of Trading. Read More »
Many new traders launch into trading with great excitement and with an urgency to start making money right away. To this I would like to say , whoa there cowboy. There are many things to consider. The markets are not an easy place to make money at will, it is a zero sum game. Which
The Top 10 Mistakes New Traders Make Read More »
Arguably one of the greatest traders of the past 30 years both for his annual returns, consistency, and returns versus draw downs. Taken from his interviews and quotes here are ten things I believe he would do in this market. (Of course this is just hypothetical and my opinion based on all that I
Paul Tudor Jones and This Market Read More »
As we enter the half way point of the week of the European summit and the market struggles to find a direction we need to maintain our discipline and follow our trading plan and trade our method. We should not start trading randomly if the markets start to become confusing, stick to your proven plan
Dennis Gartman’s Top Ten Trading Rules Read More »
Is Reminiscences of a Stock Operator really the greatest trading book ever written? It was ranked #15 on ‘Fortune’s 75 ‘The Smartest Books We Know’, and Alan Greenspan said it is “a font of investing wisdom.” The majority of top trading book lists name it as recommended reading, and many great traders credit it as
Greatest Trading Book Ever Written? Read More »
At 70, Paul Tudor Jones is a self made billionaire with a net worth of $8.1 billion and is ranked as the 346th richest person in the world, he knows exactly how to trade the biggest money for the biggest returns. One of Jones’ earliest and major successes was anticipating and trading through Black Monday
The Wisdom of the Legendary Paul Tudor Jones Read More »
Bennett McDowell has written a very useful and insightful book for traders who want to get serious about their trading. . He takes the trader through every step they will need to consider when turning a favorite hobby into a money making business. Like any business you will need to write a defined business plan
Survival Guide For Traders:Book Review Read More »
You better be managing risks on days like today, when the Dow Jones Industrial Average rockets up almost 500 points due to announcements from central banks. Shorts were punished once again, not by the normal market functions of supply and demand or emerging trends, but government interference. Such is life in the markets and trading.
7 Easy Steps to Blow Up your Trading Account Read More »
Oh my! Europe may implode! The euro may become worthless! Many European countries could go bankrupt! Do I go long? Is this support? Do I short based on fundamentals, surely the market will be going lower, right? Do I scoop up hot stocks at a bargain? What should I do? Follow your system, methodology, and
The Wisdom of Market Wizard Ed Seykota Read More »
Have you ever heard of the legendary Turtle traders? Legendary millionaire trader Richard Dennis set off to find out if traders were just born to trade or if they could be trained to be successful in the markets from scratch. The answer? If they could follow rules they could be successful. Founder of the ‘Turtle
The Specific Rules used by the Legendary Turtle Traders Read More »
Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible. -Ed Seykota Traders can make psychological mistakes that can quickly endanger their career. Here are a few examples: They take on more risk than they can deal with. When stress takes over, traders start making bad
You Are Not Your Trade Read More »