At 56, Paul Tudor Jonesis a self made billionaire with a net worth of 3.3 billion and is ranked as the 336th richest person in the world, he knows exactly how to trade the biggest money for the biggest returns. One of Jones’ earliest and major successes was anticipating and trading through Black Monday in […]
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Arguably one of the greatest traders of all time with his trend following system. Charles Faulkner tells a story about Seykota’s finely honed intuition when it comes to trading: I am reminded of an experience that Ed Seykota shared with a group. He said that when he looks at a market, that everyone else thinks has
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Each market trend is generally driven by events and participants beliefs about what those events mean. Recently we have had Europe driving the market “bus”. The market rises and falls based on what the majority believes about the sovereign bond yields. Each day as yields on European bonds rise and fall the market tries to
There is really only one reason to trade: to make money. Unfortunately many traders get off track. Your trading should be ran the same way you would run a business. You are trading to make money, no other reason. Your trading should resemble being in an auction for profit or a market place of goods.
If you can’t take the heat get out of the kitchen. This familiar saying applies to trading. While you are reading about trading in books and online you will feel a sense of confidence grow. You will study charts and they will look so obvious, of course, there is the support, the resistance, and
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Traders love to feel like they are a genius after a winning trade. Unfortunately, you did not win because you were so clever, you won because the market let you. Trend traders are not geniuses when they are up 10% in a month when the market was down 10%. The market was simply conducive to
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To tough it out in a marriage when things get difficult it takes faith in your spouse. It takes faith to stick with a career when at the beginning it seems like you are not being paid fairly for all your hard work, but you believe that one day your efforts will be rewarded with
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What wins championships in football? It is said to be a great defense is the main component of a championship football team. In football you win by scoring more points than the opposing team, this is much easier on the offensive side of the ball for a team if the defense keeps the score low.
Trading is all a manner of taking a position because you believe the odds are on your side and that it will move in your favor and you will make money. That is what the stock market is all about whether you are a value investor, swing trader, or a momentum trader. The reason trading
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The markets are no place to be unsure of yourself and be wishy-washy. It’s not a place for second guesses, wishing, hoping, or gambling. If you want to win in this jungle, you need to be an unstoppable beast. Complete confidence in your system and method. You do not jump around in your trading
