This is a Guest Post by Alex @MacroOps which was originally posted at: Lessons From A Trading Great: George Soros Remember the scene from the 90’s classic, The Sandlot, where “Smalls” loses his father’s Babe Ruth autographed baseball to “The Beast” and the other kids question him in disbelief, saying: Smalls: I was gonna put the […]
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“Everything should be made as simple as possible, but no simpler.” – Albert Einstein Paraphrase A trader has to learn what matters and what does not matter for their own profitability. A good filter can save a trader a lot of time, stress, and capital. You have to know what to watch, what to ignore, and
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I firmly believe that what truly separates the 10% of winning traders from the 90% that lose is their mindset. The vast majority of traders think they want to trade until the have a drawdown and they can’t handle it and end up quitting entirely when the delusion of what they thought trading would be
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Five reasons you lose 5 Breakout Stocks For This Week Interoceptive Ability Predicts Survival on a London Trading Floor Market Efficiency and Trading With Market Cycles
Top Trading Articles Week: 11/14/16 Read More »
The stock market went into panic coming into the uncertainty of the election as Trump odds of winning rose with the FBI looking back into Clinton e-mails. The downtrend immediately reversed as the FBI dropped the Clinton investigation at the $SPX 200 day sma. The market rallied into the election sure that Clinton would win and
The $SPY Trump Chart: 11/13/16 Read More »
#CNN right now …. pic.twitter.com/loVGEn4ne0 — traderstewie (@traderstewie) November 9, 2016 As someone who's lived in other countries, all I can say is, democrat or republican, you're lucky to live here. Don't take it for granted — traderstewie (@traderstewie) November 10, 2016 Getting a lot questions from traders who missed this week's big rally. All
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We know we have to manage our trading system. Our entries and our exits and our mind. But how much pain can you manage as a trader? Traders just like entrepreneurs have to manage the pain of losses, set backs, and battle to remain confident in themselves and their ideas even when their is little
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Here are ten mistakes traders make that are eventually their undoing. I have made almost all of these mistakes with zeroes on the end at times. It takes years to learn these lessons and they are usually learned only the hard way through the financial pain of losses and the mental pain of being wrong.
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The weakest part of any trading method is the trader themselves. There are many, many, robust trading systems and methods that do make money in the long term. The problem is the trader having the discipline and mental toughness to trade one of them consistently. The vast majority of time it is not a system
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This is a Guest Post by Alex @MacroOps which was originally posted here: Lessons from a Trading Great: Jesse Livermore “Boy Wonder”, “Boy Plunger” and the “Great Bear of Wall St.” are a few of the monikers Jesse Livermore was known by. Livermore was immortalized in the trading classic Reminiscences of a Stock Operator by
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The stock market seems to be correlated to going down when the probabilities of Trump being president go up and going up when the probabilities of Hillary being president go up. The $SPY is already in oversold territory closing with a very rare 29.30 RSI. We are near the bounce and rally zone the danger
Election Day $SPY Levels 11/6/16 Read More »
9 tips, tricks and tools that will make anyone a better trader Authorities Break Up Active Management Cell Our Trading Psychology Follows From Our Trading Habits Options Expiration: 6 Things to Know
Top Trading Articles: Week 11/5/16 Read More »
Followed my trading plan today but closing the day with a loss. Loss management is a big part of trading. Live to fight another day — traderstewie (@traderstewie) November 3, 2016 Even though indices have pulled back in the last 2 weeks, they aren't fully portraying the brutal carnage I'm seeing in individual stocks —
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We talk a lot about the importance of trading plans, but it has occurred to me that plans may be where many of us are coming up short. Merriam Webster defines a plan as a set of actions that have been thought of as a way to do or achieve something, or something that a
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Here are principles from Dana Glante from the Stock Market Wizards book by Jack Schwager on how she made double digit returns year after year from her short only trading strategies even in bull markets. Steve Watson in the same book contributed the last one. 10 RED FLAGS: High receivables (large outstanding billings for goods
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Here are five market participants that are arguably the greatest traders and investors of all time when you look at the size of their wins, how famous they are, the duration of consistent returns, and the magnitude and brilliance of their greatest trades. George Soros gained international notoriety when, in September of 1992, he risked
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This is a Guest Post by Alex @MacroOps which was originally posted at Lessons From a Trading Great: Michael Marcus. Michael Marcus turned $30,000 into $80 million over a 20 year period — not too shabby. He was profiled in Schwager’s original classic Market Wizards, giving one of the more impressive interviews in a book
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All time highs continue to be resistance. Upward momentum continues to be faded in this market. This is not an uptrend or a downtrend, the market is simply going sideways in a range. The market has a very narrow trading range currently only very quick trades are profitable. Trend traders are not making money in
$SPY Support and Resistance: 10/30/2016 Read More »
Lessons from Betting on a Biased Coin Larry Williams on Why Pure Chart Analysis is Deceptive SPIVA U.S. Scorecard does not look good for active money management 10 Things That Don’t Work Trading Stocks
Top Trading Articles: Week 10/29/16 Read More »
Q3 GDP 2.9% vs expected 2.6%. They’ll revise this number 5 times, try not to celebrate or make up a new dance over it. — Downtown Josh Brown (@ReformedBroker) October 28, 2016 Reality Check: $AAPL earns a $100 million profit EVERY DAY. You wish you had those “problems”. https://t.co/5LHLQtVgT0 — Downtown Josh Brown (@ReformedBroker) October
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