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... Read more

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, Paul Tudor Jones, the Turtle Traders, Larry Hite... Read more

The trend is your friend until the end when it bends. -Ed Seykota A little Trend Trading When you have an edge in your trading system your wins and losses will be distributed at random. You will not know when you will catch the big trend or big... Read more

In trading, money is simply made by making more money when you are on the right side of the trade than you lost when you were on the wrong side. That is rarely understood. Even many of  the best traders in the world only win 50% of the time or l... Read more

Try, Try, again. It is important in trading to never get overly discouraged with consecutive losses or draw downs in equity, this is a normal part of the business. I once had a 50% draw down early in my trading career when I did not respect risk... Read more

Decisions, Decisions, Discretionary Trader vs. Systematic Trader Discretionary Traders trade information flow, while Systematic Traders trade price flow. While discretionary traders are busy trying to digest what fundamental news and information... Read more