Do you want trading success bad enough to read one hundred quality trading books? Do you want it bad enough to review charts for hours? EVERY day? Do you want it bad enough to find the right mentor to help you in your trading quest? Will you attend the right seminars if you need to? […]
Trading Success: How bad do you want it? Read More »
“There seems to be some perverse human characteristic that likes to make easy things difficult.” ~Warren Buffett “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.” -Warren Buffett The biggest thing that trips up many new traders and even more experienced and
K.I.S.S. Principle for Traders Read More »
What were the greatest trades of all time? Who made them? Here is a list of the who, what, when, where, and how of the greatest trades that were ever made. While the risk management of executing many of these trades is not what many traders would want, we can see many of these
Top Ten Trades of All Time Read More »
If the markets can have a nice summer rally from here my two long picks are Apple & Google. Apple has just completed a nice “cup with handle pattern” and set up to break out at $620, if it breaks through the near term resistance we could see a quick
My Two Favorite Stock Picks For August. Read More »
In my reading of over 250 trading books and my endless web surfing I have come across many quotes from rich traders that I have truly liked and they have made me profitable in the markets. Here are my favorite ten that I not only love but have made huge impacts
Rich Traders Speak, are you Listening? Read More »
Great shorts are stocks that are over valued with huge price to earnings ratios hoping for huge sales and earnings growth in the future. The best shorts have 50, 75, and sometimes even 100 P/E ratios. When they fail to make their earnings and their growth declines their stock
Five Reasons I Won’t Short $AAPL Read More »
Last week was a wild ride with some of the most destructive action I have ever seen in price after many earnings reports. Then when the majority was bearish and many people were short waiting for the unraveling of Spain with its high bond yields and Greece to leave the
Potential New Leaders? Here are My New Picks> Read More »
A common theme I have seen while studying rich traders and I have experienced in my own trading is that more trading is not necessarily the path to making more money. Great traders tend to be patient and pick their trades carefully. Some will go long periods of time with
Ten Times When A Trader Should do Nothing Read More »
If you still wonder what the dividing line is between an up trending market and a down trending market is here are some charts to look at. In the Apple chart you will see the powerful trend that exploded after Apple over took the 50 day line this year. Also
The Bull’s First Line in the Stand Read More »
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This is not what an up trending market looks like. Choppiness, uncertainty, leaders getting pummeled, fear running rampant over many, and government interventions to save the economy. As I write this we are looking at possibly 6 straight down days in a row for some indexes. While the $SPY
The Down trend Cometh? Read More »
In the spirit of Jeff Foxworthy’s: You might be a redneck comedy routine, here is my take on bad traders. You Might be a Bad Trader if: …You are 100% sure about a trade being a winner so you have no need to manage risk. …You go all in on
You Might be a Bad Trader if: Read More »
How is it possible for swing traders, trend followers, position traders, growth investors, value investors, and even some skilled day traders to all make money in the markets even with what is many times opposite strategies? There are three elements that cause profits in the stock market regardless of strategy. They are: Managing risk with
The Trader’s Money Makers Read More »
Investopedia explains ‘Whipsaw’ A condition where a security’s price heads in one direction, but then is followed quickly by a movement in the opposite direction. The origins of term is derived from the push and pull action used by lumberjacks to cut wood with a type of saw with the same name. There are two types of
How A Market Wizard Manages Whip Saws in 6 Easy Steps Read More »
I love facebook, I think it had all the potential of being a monster stock. Unfortunately, Zuckerberg and company were able to wait long enough, (8 years) and then to issue enough shares (2.14 Billion) at a high enough price ($38) to leave no money on the table for retail investors. Traditionally a growth company
Top Ten Reasons I am Short Facebook Read More »
How do I make money in trading? I seek to profit from market trends. I am a short term trend trader. I seek to be long or short a stock or ETF that is in a trend and has the potential to trend for several days or weeks. I will trade anything that is
The Money is in the Trend Read More »
This book may be one of the greatest trading books ever published. Jack Schwager set about interviewing some of the world’s top traders in 1988 and the principles these traders were kind enough to share has stood the test of time. These were not one year wonders these traders
Market Wizards in a Nutshell Read More »
The trader that changes survives. Stubborn traders do not make it very long in the markets. The first time they are wrong in a big trade and refuse to cut their losses they are ruined. A perma-bull in a bear market loses money as does a perma-bear in a bull market. The market is the
Top Ten Things Traders Must Change to Survive Read More »
Price tops are strange things, they tend to happen when the maximum bullishness is in place and the company underlying the stock is as profitable as ever. What gives? Well many things cause tops, whether they are short term or long term. Here are some examples. Profit taking sets
What Causes a Price Top? Read More »
I have been trading successfully for thirteen years, I have studied trading intensely for seven years. I have read and reviewed hundreds of trading books on Amazon.com. and I have also used most trading styles along with option strategies. I even had three books published on trading. What have I
My Top 10 Trading Influences Read More »