Uncategorized

                              In trading there are things that cause you to win in the long term and things that cause you to eventually lose your entire account in the short term. There are ways to manage risk and there are ways to […]

                                                                                                                                                                                                                                                                                                     Trading is not all fun and games. Traders do not make money on every trade, most don’t even make money on half their trades. It is not like other careers, jobs, or hobbies where you work and then get paid. Our pursuit is more like the life of an entrepreneur. Our idea may

We had a key reversal day back to the 100 day sma and off the 40 RSI on Wednesday October 9th. The next day on Thursday October 10th we had a powerful reversal that gapped to the 50 day and then ran back over both the 10 day sma and the 5 day ema. For

                                                                                                                                                                                                                                                                                                The day the trader stops blaming the markets, politicians, or ‘They’ and ‘Them’ for losses and starts taking responsibility for their own trading could be the day that they begin to change from losing money to making money. In the end the market is like the ocean and we are the surfer, we choose

                                                                                                                                                                                                                                                                                                          One of the toughest thing a new trader will have to do is come back from their first blown up account. Losing 50% or more of an account or even the whole thing is very hard on the new trader’s psychology and nerves. Most never come back form this. There is a big difference

                                                                                                                                                                                                                                                                                                       Two things that many new traders and even experienced traders waste their time on is regret and hindsight. They look at charts and see the past so clearly on them, they should have bought here, they should have sold there. Why didn’t they? The charts look so obvious in hindsight. We really should

What a wild week for the indexes last week. On Monday SPY rested slightly under the 50 day, then Tuesday $SPY collapsed from the 50 day and found support at the 100 day. Wednesday SPY went over the edge as the fear of a stalemate in Washington D.C. reached its zenith, but the SPY was

In over a dozen years of learning what works and what doesn’t in profitable trading I believe there are many paradoxes. Most of trading is counter intuitive and new traders usually enter the market looking for predictions, sure things, hot tips, and to know what to buy. In reality it is following price action as

  Do not trade unless you have a trading plan. You need to know what you will do before the market opens. Trade a method not individual hunches. One trade outside a trading method means nothing. Stop fighting the trend in your time frame and start following it. Quit trying to predict what will happen

The market is either at the top of its near term range or at the edge of breaking out to a new price range. Crossroads here, here is what I see and will be looking at this week in the markets. I am currently risk off and neutral here as the politicians play ring around

                                                                                                                                                                                                                                                                                                  My journey through the financial markets span now over twenty years I was an ‘investor’ more than a trader for the first  part of that journey . I had my start in mutual funds then went into index ETFs and  individual stocks, in recent years I have traded options as well expanding my ways

There are many trading blogs out there but I truly believe that my trading blog New Trader U is a different kind of blog and here is why: I am not trying to up sell you to any product that costs thousands of dollars. I do not have a newsletter, paid trading room, or training

                                                                                                                                                                                                                                                                                                        Here are twenty things I do that make my trading profitable over the long term. I focus on trading only a few ETFs and stocks each year and focus my efforts in how to best capture any trend that emerges from one of them. I keep a very small watch list and remove

Thanks to George Boncoraglio for posting the four pillars in my facebook trading group. I hope my expansion does it justice. The four pillars of success: Know yourself Traders need to know what type of trading will fit their personality and risk tolerance. Some traders are patient and make excellent trend followers others engjoy the

                                                                                                                                                                                                                                                                                                              “That’s why most people lose money as individual investors or traders because they’re not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that,