You can read trading books until you are red-eyed and suffering from information overload. You can spend thousands of dollars on trading seminars, and you can waste a lot of time trying to get successful traders to give you the secret sauce. But in the end, it is simply you versus the markets. You […]
3 Elements of Trading Success 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 »
One of the ways I coach myself each day before trading begins is to say to myself “Don’t do anything stupid”. When I quit doing stupid things that is when I started being consistently profitable year after year. You can do all your homework for trading, you can write your
When Good Traders do Stupid Things. Top Ten List 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 »
Many traders are very hesitant to short a stock because while a stock you are long can only go to zero a stock you are short can go to infinity. While I have never personally seen a stock go up to infinity Apple’s run this year and the internet stocks of 1999 did make a
How to Short a Stock Without Infinite Risk Read More »
“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…” -Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader.
Ed Seykota: Greatest Trader of All Time? 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 could ask advice from the world’s most successful hedge fund managers what would they tell you? Jack Schwager has done the work to get us some answers, here are some of the best tips garnered from the top traders in the hedge fund industry. The following quotes are from Jack Schwagers book Hedge
What Would a Successful Hedge Fund Manager Do? Read More »
What a week we have had with earnings, many plunges. Even for the markets beloved Apple. When talking heads on CNBC straight talking about “buying opportunities” and “investors” start trying to put an earnings miss into “perspective” we are generally in trouble. What many of the big call option bettors
How To Play Earnings?> Don’t. Here are Ten Reasons Why 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 »
Even though Apple is THE monster stock of the last 10 years and I love the fundamentals and I love the company story, I still have a rule in my trading plan: I do not hold through earnings. Why? I could catch a $40 pop after
My $AAPL Earnings Trading Plan Read More »
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Their is one huge difference between the winners and the losers in the market. New traders tend to go ‘all in’ on trades they are just sure will be winners. If a new trader wants to be around long enough to be a rich trader they better manage their risk per trade. Here is a
The Trader’s Fallacy: Big Risks=Big Long Term Profits Read More »
The biggest question I have received from readers is what are my thoughts on Apple? They have asked my advice on how to play Apple through earnings, my advice “Don’t” instead wait for a trend to emerge after earnings. I captured the move in Apple this year by trading
Five Reasons I Do Not Hold Through Earnings & CMG is #5 Read More »
Many new traders are taken out of the trading game through bad mental practices. Here are some things that top money managers have shared through interviews and books that may help traders who are making mental mistakes in their trading. Ten Powerful Psychological Traits of the Rich Trader They have the ability to admit they
Ten Powerful Psychological Traits of the Rich Trader Read More »
Have you ever heard of the saying “If the shoe fits wear it?” Well in trading, much like with shoe sizes, you can only trade a size that fits you. Unlike shoe sizes though you can grow into bigger money shoes over time. Reading books about trading,doing simulated
How Big Are Your Trading Shoes? Read More »
“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction.” -Albert Einstein “One does not accumulate but eliminate. It is not daily increase but daily decrease. The height
Ten Ways to Simplify Your Trading Read More »
1. Identify if you really want to be a trader. Is this truly your desire? Before you can develop persistence and eventually achieve success in the tough trading game, you need to first identify if this is truly what you want to do. If you are only doing this for the money then the odds
6 Effective Ways to Persistently Pursue Trading Success Read More »
If you are just randomly trading what you like with no real underlying system, method or planning then unfortunately your odds of success in the long term are slim. Trading a winning methodology is what creates an edge in trading. Consistently trading a robust system or methodology enables you to trade in a way
A Trader’s Checklist before the Trade Read More »