Here are fifteen golden trading rules that can get a new trader on the path to profitable trading or get an unprofitable trader back on the right path. Trading System If you don’t have a full trading system with an edge stop trading until you develop one. Never trade anything you don’t understand completely. Don’t […]
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As a trader you need rules to quantity the best decisions to make at any given time. As a new trader starting out you must start with a strong foundation of principles to both give you the ability to make profits and also avoid the risk of ruin. You need rules on how to execute
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Ed Seykota is one of the most success traders of his generation. As a trend follower and money manager he made many of his investors millionaires in the 1970s and 1980s. He was one of the first traders to use both moving averages and early punch card computers to backtest trend following systems. His edge
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Dan Zanger is a modern day legend in the trading world. His mother Elaine loved the stock market and as a child Dan would often watch the business channel with her. One day in 1978 Dan saw a stock make a big move on the ticker tape at the bottom of the screen hitting $1.
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For new traders looking for a shortcut to learning the principles of profitable trading I offer eight eCourses on my website NewTraderUniversity.com. They were created for readers of my blog and books along with people that follow me on social media that like my teaching style that focuses on what is important to know with no
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This is a video guest post by AK of Fallible. 3 Stock To Buy in June 2019. In this video I’m going to explain how I use the Nasdaq All Stars System to trade high momentum stocks. We’re also covering how to add money in your trading account and what to do when the price
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I appreciate one of my Facebook trading friends letting me share his post about the lessons he learned from his trading mentor. A trading mentor shares his 35 years of lessons repeatedly pounded into his student’s heads: 1. Assess the reward to risk ratio 2. Do not get in unless you can control the risk.
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Most long term profitable traders possess a set of skills that lead to their consistent success over a long period of time. Here are the 10 skills that I have seen in common with so many successful traders. These were skills that had to be mastered before I was able to generate and keep long
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This is a guest post by FX Street there website is FXStreet.com. What are non farm payrolls (NFPs)? The non-farm payrolls report, or NFP, is published by the US Department of Labor Statistics. Usually the first Friday of each month. It is usually a measure of the state of the US economy. This report is
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Ten Golden Trading Rules That Can Help New Traders Never add too a losing trade. In adding to a losing trade you are already wrong but now become more wrong with a bigger trading size. Adding to losers makes you a counter trend trader that will eventually end badly when you find yourself on the
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Trading Bias Definition: A trading bias is the tendency that leads traders and investors to follow a predetermined path in a trade or investment even when it appears they are wrong from a fundamental or technical perspective or both. A bias about a trade occurs when there is a loss of perspective because their opinions or predictions are held even
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Reading Nicholas Taleb’s book Anti-Fragile really got me thinking about how traders are broken. (This may actually be my favorite book out of over a thousand I have read in my life.) Traders can become fragile and be broken in several ways: They can quit because they believe that trading successfully is impossible. They can
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Before there was a William J. O’Neil or a Nicolas Darvas there was Jesse Livermore. Livermore was considered to be one of the greatest traders to ever live. He is said to have made over $100 million shorting the 1929 crash, an unthinkable amount in his time. He made and lost millions on several occasions, he was
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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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“I define a mistake as not following your rules. … If you don’t have rules, everything you do is a mistake.” – Van Tharp If you do not have a quantified process for your trading that includes buy and sell signals with proper position sizing using a trading plan to execute a trading system then your trading
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This is a Guest Post by Michael Battat. He is on twitter @mbat31 10 Qualities That Successful Traders Have And You Need In tough times like 2016, traders often feel as though things can never go their way. This feeling typifies how stock trading can be incredibly emotional. We all want to make money, and
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Here are five of the most important trading habits for a trader to integrate into their day-to-day entry and exit decisions. If your trading plan has rules that cover these principles, then you must follow them long enough so they become habits. Always choose a price level that will prove your trade entry was wrong and set a
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“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead. My biggest hits have always come after I have had a great period and I started to think that I knew something.” – Paul Tudor Jones
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