This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. Transparency & Accountability in Trading This post originally posted here on 10/20/16 and republished here with permission. I got whacked today, nothing catastrophic, but took a nice 9K loss after breaking some rules. It inspired me to briefly […]
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This is a Guest Post by Alex @MacroOps which was originally posted here: Beware The Top Performers “And, at any point in time, the richest traders are often the worst traders. This, I will call the cross-sectional problem: At a given time in the market, the most successful traders are likely to be those that
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It is hard not to trade too big when you really believe in a trade entry. It is even harder to take a big loss if it goes against you. It is hard to keep taking your entry signals during a losing streak. It is also hard to miss a signal and watch it go
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This is a guest post by Francois Normandeau This is a fictional story. Tom’s diary. Year 1: I decided to become a trader. I want to get rich quickly and easily and retire next year. I always liked catamarans and maybe I can date models. Year 2: Since I decided to become a trader, I
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Bernie Madoff made most the con-artists featured on the CNBC show “American Greed” look like small time operators compared to him. What are some lessons that can be learned from Bernie Madoff and his $50 billion Ponzi Scheme? Many professional traders knew that he was a Ponzi Scheme in the 1990s, but how? What were the clues
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Regardless of how we make money there are specific reasons why people get paid. Understanding why we get paid is crucial to understanding how to be prosperous. Most shopping mall sales clerks get paid for their time. Their job is primarily to be there and ready to take care of customers if needed. Managers get paid
“If markets were rational, I’d be a waiter” – Warren Buffett If the markets were efficient Warren Buffett would be a waiter and not the richest man in the world and Paul Tudor Jones wouldn’t be a billionaire. The traders and the investors that beat the market in the long term had an edge. Warren Buffet bought the best companies
We Can Beat the Market Read More »
Single trades mean nothing outside a trading system that is executed consistently with discipline and risk management. One trade can be as much luck as skill. Any single trade entry has a 50/50 chance of moving in your favor on entry and being a short term winner. 10 Reasons Why Short Term Results Mean Nothing:
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The stock market goes through cycles of up trends, down trends, and range bound price action. This is caused by equities as an asset class going through phases of accumulation and distribution. Bull markets are where the easy dollars are made. You can buy the best growth stocks as they break out of price bases to
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As a Pro student of New Trader 101, and dedicated weekly participant in the live forums that I host, Fred has picked up some tips and tricks that led him to this (if I do say so myself) great trade. 1. On May 7th, $BABA broke
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