Uncategorized

  There are five key things that make all the difference in profitable trading: Focus on a system with bigger wins than losses, big wins makes robustness a much easier thing to find. A 1:3 risk/return ratio makes it much easier to be profitable even with more losses than wins. Trade in the direction of […]

                                                                                                                                                                                                                                                                                                          In years to come traders and investors will look back at the Tesla chart in hindsight and think how easy it was. Those that traded it will know the reality, that this was a very volatile, choppy, fast moving, gapping up and reversing stock in real time. This was no easy trip to the

Pretty clear lower highs and lower lows as we entered last week until the battle at the 50 day began. After more whipsawing after the FOMC minutes were released Wednesday we finished down for the day, then Thursday we rallied back over the 50 day and confirmed that move Friday rallying all the way to

Poker is one of the very few casino games that’s like trading. Unlike other games where the casino keeps the odds in their favor, in poker there are many ways to get an edge over other players at the poker table. The way you play the odds can give you an edge, folding on bad

                                                                                                                                                                                                                                                                                                           A book review for: TREND COMMANDMENTS by Michael Covel This book is based on the author Michael Covel’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Jerry Parker, the Turtle Traders, Larry Hite, and many others. This is not a book filled with Mr. Covel’s opinions, as it’s

                                                                                                                                                                                                                                                                                                                Disciplined Traders                                 Emotional Traders Trade a defined trading plan.               Trade based on emotions. Manage risk.                                               The more confident they are the bigger the trade. Exit based on predetermined stop.      Exit due to fear. Enter based on a set up.                          Enter based on greed. Exit a

If you took a penny on the first day of the month and doubled it every day for that month (all 30 days), how much would you end up at the end of the month? One cent, two cents, four cents, eight cents…. but at the end of day thirty you end up with $5,368,709.12!

                                                                                                                                                                                                                                                                                                        Here is a discussion that happened in my trading group this weekend. Mr. Hertel was kind enough to let me share it with my readers. I think it really answers the core question for New Traders on how to get started trading in a systematic way. For anyone interested in joining a high

    Since breaking over the 50 day back in January the 50 day has held as support 4 out of 5 times. This is the sixth test and it could go either way. Three weeks ago all time highs were rejected so we do have over head resistance to work off as people get

                                                                                                                                                                                                                                                                                                          Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, stubbornness, reading a balance sheet, or stock picking is not on here. It is all a game of risk management, mind, and a robust system. Everything else is just noise.  Passion for trading, only passion

  The market as a whole has slipped into a slower trading pace as summers wind down. Failure to make higher highs has disappointed many bulls. Some individual stocks have also frustrated many traders with wild volatile action like $AAPL failing at the 200 day, $PCLN rejected hard as it approached the $1,000 level, $FB

                                                                                                                                                                                                                                                                                                            Social Media is a fun place for traders to interact with other like minded  traders, but there are many people online that for whatever reason want to try to spoil the fun. They always bring a negative wake wherever they go. They are more interested in tearing people down than adding value to

                                                                                                                                                            With this new frontier of Social Media we are the first to explore it and see what it really means to the world. To me being involved on Social Media gives me a chance to connect with great traders from around the world, both those seasoned traders I can learn from and those