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Successful trading is more about effective management than it is about perfect predictions. Traders who excel consistently over the long term understand the importance of managing various aspects of their trading activity meticulously. Here are seven critical management areas every trader needs to master: 1. Risk Management Paul Tudor Jones famously stated, “At the end

                                                                                                                                                                                                                                                                                                            Trading is Really All About Two Things Right Decisions and Wrong Decisions. Most people think they’re playing against the market, but the market doesn’t care. You’re really  playing against yourself.”  -Marty Schwartz “Pit Bull” It is not the markets that beat us, we beat ourselves. Successful comes from our ability to follow price

  The stock market is in a powerful uptrend, shorts were hurt last week in their positions. All short term moving averages are bullish with the 5-10-20 all over the next one. Ben Bernanke said what the market wanted to hear and it responded with a buying frenzy. Many leading stocks are making all time

                                                                                                                                                                                                                                                                                                                                                                       There are many trading principles that are common among  successful rich traders. It is important to learn the things that allow them to win so we can follow in their footsteps and make money. There are 10

                                                                                                                                                                                                                                                                                                            At some point traders should have that break through day where they are tired of losing and ready to start making money. There should be a day where eyes are opened that what we were doing was just not working. We are ready for change, we are ready to listen, and learn. We

                                                                                                                                                                                                                                                                                                            Learning to trade is a process, and it is same for everyone. The traders that think they are exceptions to the process of trading education generally learn the hard way that they confuse bull markets for genius or market conditions for skills. It is easy to lose or make money in the markets,

                                                                                                                                                                                                                                                                                                          Some days I wish I could travel back in time 15 years and teach myself what I have learned in the markets the hard way. I was fortunate to make money early on with the benefit of the nineties bull market, I just wished I would have known then how to keep all

Yes, the vast majority of traders are gamblers, maybe the majority of market participants are in fact gamblers. The traders that are gamblers trade with no plan and without understanding the odds are stacked against them. Whether it is buying far out of the money options with no method for profitability or randomly chasing stocks