The 200 day is the test of all tests for the bulls, there are many systems used by traders that gives a buy signal for stocks as they move above their 200 day moving average. For the last three years buying THE market leader Apple as it either […]
The Stock Markets Ultimate Line in the Sand Read More »
I love facebook, I think it had all the potential of being a monster stock. Unfortunately, Zuckerberg and company were able to wait long enough, (8 years) and then to issue enough shares (2.14 Billion) at a high enough price ($38) to leave no money on the table for retail investors. Traditionally a growth company
Top Ten Reasons I am Short Facebook Read More »
Time and again I heard him say, “Well, this is a bull market, you know!” as though he were giving to you a priceless talisman wrapped up in a million-dollar accident-insurance policy. And, of course, I did not get his meaning. (Mr. Partridge from Reminiscences of a Stock Operator) “They say there are two sides
Trading: How to Win Half the Battle Read More »
The pain of losing is something that many traders can not bear. When you get into 10 or 15 straight losses then the lack of risk management will knock a trader out of the game. Even if you have risk management in place many times the mental pain and anguish
A Traders 10 Point Checklist for a Losing Trade Read More »
How do I make money in trading? I seek to profit from market trends. I am a short term trend trader. I seek to be long or short a stock or ETF that is in a trend and has the potential to trend for several days or weeks. I will trade anything that is
The Money is in the Trend Read More »
When you follow your Trading Plan and allow it to be your boss instead of your ego or emotions, you will relax, confident in your knowledge and understanding. No one trade will have a substantial negative impact, because you know that your strategy will win in end. With a disciplined plan, you will be forced
When Your Trading Plan is the Boss… Read More »
Most traders that fail and leave the markets never learn the lessons that the market was trying to teach them. In all likelihood there were four horsemen that rode through the trader’s account, leaving lost battles, pestilence, famine, and destruction in their wake. What brings this doom upon a trader’s account? It is the
The 4 Horsemen of the Failed Trader Read More »
What trips up the vast majorities of traders so they never quite make the transition from new trader to good trader? Not being able to deal with the stress of trading: this is caused primarily from a lack of faith in themselves and or their method. They lack the ability
Trading: The Key to Everything Read More »
Let me introduce my readers to “Trader Steve” a successful trend follower and blogger from the United Kingdom. He was nice enough to give me an interview for my blog readers. Steve is a trend following trader that pulled off the feat of being profitable in both 2008 as the market was on the
My Interview with a Successful Trend Follower Read More »
What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is an summarized excerpt from Jack D Schwager’s book,
The 42 Keys to Market Wizardom Read More »
There are times with charts and markets that it is best to be out of them. With the current risk and volatility I have been trading smaller and smaller and less and less until finally I am only in a few positions for the first time all year. One of the keys to me holding
10 Things Traders Can Do Instead of Losing Money Read More »
It is difficult for most traders to trade with headline risk hanging overhead. It simply causes chaos in the markets. Here are five things that are caused by the risk of market moving news coming out at any moment. Headline risk disturbs the normal flow of the markets,
The Top 10 Problems with Trading with Headline Risk Read More »
This book may be one of the greatest trading books ever published. Jack Schwager set about interviewing some of the world’s top traders in 1988 and the principles these traders were kind enough to share has stood the test of time. These were not one year wonders these traders
Market Wizards in a Nutshell Read More »
If you want to be a winner trading in the long run there are THREE things that you must do. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader.
The Trifecta of Trading Read More »
This past year has been just like the chart studies I have done. Using the $SPY as the market filter in late December 2011 we had a break above the 200 day then a retest with support, we had confirmation of an up trend beginning in January 2012 with
This is What a Down Trend Looks Like Read More »
Here is a list of the ten most powerful quotes from Jesse Livermore’s book “How to Trade in Stocks.” Livermore was one of the greatest stock market operators of our time and his quotes stand the test of time. No one made more money in the markets or came back
Jesse Livermore’s Best 10 Quotes & Free Link to His Book Read More »
For me the best indicator of a trend is simply price action as measured through using moving averages. Moving averages capture trends visually for the trader, going higher or lower based on the price itself. No only does the power of moving averages lie in their power to measure price trends but they are followed
The Most Simple Trend Indicator Read More »
The only place luck has in trading is that you will hopefully be on the right side of unexpected moves due to surprises. In trading you should trade in such a way that good luck will benefit you and bad luck will not destroy you. In my trading luck has
How To Make Your Own Luck in Trading Read More »
The Power of the 1% Bet One of the most powerful principles that makes me a successful trader is not stock picking, a specific indicator, or a trading holy grail. What allows me to win and stay in the game is that my top priority is to only risk 1% of
The Secret Sauce of Trading Success Read More »
With real money on the line, a new trader will discover that live trading is not the same as books or simulated trading. One of the top three things that will determine the success of a trader is the trader’s psychology. The weakest part of any trading plan is the trader himself. Stress can knock a
Managing Trader Stress Read More »