In trading we must be able to do two things: manage our winners and manage our losers. If we can’t play both good offense and defense then we will not win over the long term in trading no matter how well we do with one but then fail at the […]
Playing Offense and Defense in Trading Read More »
For me, author, teacher, and full time trader Alexander Elder really brought my trading together in a way no other author had. He gave me the framework to build my entire trading plan around: THE THREE M’s: Mind (psychology), Method (a trading edge) and Money (risk or money management). But what does each of those
10 Things That Each Trader Must Master Read More »
For anyone interested in trading the currency markets I believe this is the perfect book as a starting place. Carley Garner has created the perfect book for anyone interested in getting started in currency trading. Whether you are an experienced trader of stocks or options looking to diversify markets you
New Trader to Currency Trader Read More »
Oh no the Dow Jones Industrial Average is down 100 points! The NASDAQ is down a full percent! Is this the reversal? The beginning of a bear market? Oh me, oh my! Wait a minute all three of the stocks I am holding are green. They are all up in
Green Stocks in a Red Market Read More »
My thoughts on how to take another bite out of our favorite stock. In reviewing the IBD 50 yesterday for the criteria for CAN SLIM stocks I could not help but notice the incredible fundamentals for Apple. While I trade the charts and believe they tell the story better than
Is $AAPL the Best CAN SLIM Stock? Read More »
If one of the greatest traders in the world told you how to buy and sell the best stocks for the most profits would you listen? Well we have a chance to do just that with Bill O’Neil’s book “How to Make Money in Stocks”. His lifetime of research on how the market actually works
Ten Ways to Trade Like the Legendary Bill O’Neil Read More »
The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade, to the fear of losing the paper profits that you are holding in a winning trade, how you deal with those
Understanding a Trader’s Emotions Read More »
As one of the top trading book reviewers at Amazon.com, I am frequently asked “What books would you recommend for a new stock trader?” Below is a list of the top trading books from my library. Trading is about more than simply making bets, picking stocks, or even trading a system. Your success
Top Five Books For New Traders Read More »
So your stock has ran up 60 points since you bought it and it is no where near any key moving average or price support so when do we take profits as a trader? We could sell the first day that it closes at the low of the day.
5 Ways to Exit a Rocket Stock for Maximum Profits Read More »
Apple earnings are increasing by the triple digits, how in the world can a company continue to grow this fast when it is already one of the biggest companies in the world? The answer is by consuming other industries. Apple for the most part consumed the compact music player industry with its iPod along with
Fifteen Industries $AAPL has Consumed Read More »
In trading your belief system will determine whether you win or lose. Your trading method is really determined by your beliefs about the market and how it works. Choose your beliefs carefully. Trading like you are in a cult: When you trade like a cult member you believe in your stock or your trade
What is your Trading Religion? Read More »
The question is not whether Apple is going to $500 a share but when will it. Monday? Friday? Next week? Very few things in trading are a given, but the probabilities are heavily weighted that Apple will go to $500 on Monday. The only thing that can truly stop it is some unforeseen Greek crises
Is $AAPL Going to $500? That is the Wrong Question. Read More »
Trend Followers make money in the market not becasue they predict anything but becasue they buy what is going up and they sell what is going down. They discover ways to measure and react to trends based on history. Trend traders identify a trend and enter a trade with predefined risk for the trade and
The Anatomy of a Trend (7 causes and clues) Read More »
This is the final part of a three-part interview series in which trader John Ward sat down with Dr. Christian Kacher, former portfolio manager for William O’Neil + Co., managing director of VirtueOfSelfishInvesting.com, and chief investment strategist for MoKa Investors, LLC. Ward: What were some of the stocks you played in the 90’s when you
Interview with O’Neil Disciples Part III Read More »
This is the second part of a three-part interview series in which trader John Ward sat down with Dr. Christian Kacher, former portfolio manager for William O’Neil + Co., managing director of VirtueOfSelfishInvesting.com, and chief investment strategist for MoKa Investors, LLC. Ward: Going from being a trader who was using O’Neil’s system on his
Interview with O’Neil Disciples Part II Read More »
This interview is brought to you courtesy of trader John Ward, he can be found on twitter at @JWard_73. John is an excellent trader and I truly appreciate him giving me permission to post this interview that he did with these market wizards who learned from the legend himself, William J. O ‘Neil. In
Interview with O’Neil Disciples Part I Read More »
In my reading of over 200 books on trading and my endless web surfing I have come across many quotes from rich traders that I have truly liked. Here are my favorite ten that I not only love but have made huge impacts on my trading plan and profits. Some of these capture principles in
The Ten Trading Quotes that Will Change Your Trading Read More »
As I sit here waiting for the Super Bowl rematch I can’t help but think of another big game that is about to begin. What so many momentum traders have been waiting for a chance to do: buy Facebook stock on the open market. If current trends are correct this will be this decades monster
Super Bowl of Stocks Google vs. Facebook Read More »
Before William O’Neil and Nicolas Darvas there was Jesse Livermore. Livermore was considered to be one of the greatest traders to ever live. He is said to have made over $100 million shorting the 1929 crash, an unthinkable amount in his time. He made and lost millions on several occasions, he was a master of
Jesse Livermore’s Ten Trading Rules Read More »
Finally what we have been waiting for a chance to buy this decades Google. Facebook has filed to go public under the ticker symbol $FB. This could kick off a whole new mania, Web 2.0. The expectations for this companies earnings could not be greater due to the dominance of
Three Stocks that Profit from Facebook Read More »