After 200+ trading books and 13 years of trading that has accumulated some nice 6 figure profits I have many things that I have decided on in my trading. I am a discretionary rule based trend follower. I have found that I have a knack for seeing the big picture […]
How I Trade Stocks Read More »
Trading is really not as much of a numbers game as it is a mind game. Winning or losing in the long term will come down to whether you quit or keep going on your trading journey. Trading is not for everyone, there is no easy money in the markets. You will fight for
Trading with No Regrets Read More »
In trading fear can be good or bad, if you let fear control you it is bad if you control fear it can cause you to have positive behaviors. Here are the proper uses of fear in trading. GOOD FEAR Be afraid of losing more than 1% of your
What To Fear & Not to Fear in Trading Read More »
At 56, Paul Tudor Jones is 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
How to Trade Like Paul Tudor Jones Read More »
What happens when legendary trader Richard Dennis put a want ad in the paper to hire traders? What kind of results would ordinary people make if they were given a winning system and a million dollar account? The results will surprise you. This experiment was over an argument that
Turtle Trading 101 Read More »
If you want to make money in the stock market it is crucial that you trade correctly for the market you are in. In up trends buy long and purchase call options. In down trends sell short and buy put options. In range bound markets look for trends in
Don’t be a Trading Hero Read More »
In trading most new traders allow hope and fear to dictate their trading. They have a losing trade and instead of selling it and getting out they instead hope it will come back to even allowing the loss to grow. Another error for new traders is that when they have
Using Hope & Fear Correctly in Trading Read More »
While I do not predict, I do play the trend and the probabilities in my trading. I am currently long 100 shares of Priceline stock at an average price of $723 a share. Thanks to Expedia’s much better than expected earnings and sales results $PCLN holders got to experience a
Top Ten Reasons $PCLN could go to $800 Read More »
This is one of the key trading lessons that really helped me understand risk management long ago. This is one of the keys to successful trading, viewing risk as your metric for trading. This article was originally published on the Van Tharp Institute’s Web Site. Risk and R-Multiples Knowing when you’re going to exit a trade
Van Tharp On Risk Management Read More »
If you have not realized it yet, in trading you are not going to be right every time with your trades. You are not even going to be right the majority of the time. Most of the best traders in the world are only right 50% of the time, many
Batting .500 in Trading Read More »
Trading is not all about just stock picking, it is not just about a winning system. Yes, first you have to understand how to trade and put the odds in your favor of winning, but that is not enough. You must also add in risk management so when you lose ten times in a
How Many Dimensions Do You Trade in? 1, 2, or 3? Read More »
While all the Apple bulls where having a celebration party on the move back to $610 today I could not help but wonder if they rode this stock from $644 to $555 and were just celebrating getting back to where they could have gotten out at weeks ago. My
Saving your Emotional Capital $AAPL Earnings Read More »
Here is a video tale of what the Apple bulls went through this year while just simply buying and holding Apple. This video shows the strong move up in the 1st quarter, the sell off before earnings, and finally the earnings announcement. http://youtu.be/6tCtM8UEQv8
A video tale of the $AAPL bulls journey this year Read More »
In trading activity alone does not make money, the right activity at the right time is what makes money. Many times the right thing, is to do nothing. In your actual trading you have to do four things very well to make money. You have to know when to get
To Trade or Not to Trade: The Most Important Question Read More »
Well here we go, Apple earnings on Tuesday. How am I going to play it? From the sidelines. Why? Because for me the money is in the run up to earnings due to earnings expectations which ended abruptly last week. I do not hold through earnings, for me it is
Apple Earnings: Gambling? Read More »
This year my best three long term trades have been trading long at all time highs and selling short at all time lows. I was the ‘crazy’ guy that traded Apple only long from $390 to $630 never shorting it and only stepping out during draw downs below short term
Trading on the Fringes:ALL time highs & lows Read More »
Not Managing Your Risk in Trading is like…… a fisherman putting all his bait on one hook and casting it out. an NBA star betting his career on on 3 point shot from half court. an NFL quarterback betting his pro contact on one 40 yard pass. a pro golfer on tour betting his
Not Managing Your Risk in Trading is like…… Read More »
Price tops are strange things, they tend to happen when the maximum bullishness is in place and the company underlying the stock is as profitable as ever. What gives? Well many things cause tops, whether they are short term or long term. Here are some examples. Profit taking sets
What Causes a Price Top? Read More »
The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade.
The Perfect Trader Read More »
What a great day in the markets for traders and investors that were long. The Dow Jones Industrial Average tacks on almost 200 points and gets back over 13,000 with a hundred points to spare. Monsters stocks springing back to life all over the place. You know the ones where
Four Big Fat Short Plays Read More »