Where is the Apple that we use to know? It is crucial that we stay mentally flexible and trade what the chart is saying. Anything could happen next week. Apple could reverse and make a run for the 50 day as institutions start loading up at bargain prices or if we lose the 200 day […]
The $AAPL Chart Speaks: 7 things it is saying Read More »
I have had many traders asking me for my top option book picks over the years so I thought it would be a great blog topic. In my journey through reading hundreds of trading books these are my favorite 10 that benefited me the most in my option education over the years. I picked books
My Top Ten Option Book Picks Read More »
There are seven skills that a trader needs in order to survive and be successful. Without discipline, no trading system will be successful. Without risk management, a trader will certainly blowup their account. Without passion, a trader will not have enough energy to get from new trader to rich trader. Without perseverance, new traders
The 7 Skills A Trader Must Have Read More »
Since the whole world is waiting on Apple earnings I felt I had no choice but to tell my blog readers how I see it. I have good news and I have bad news, which would you like first? Okay I will give them both to you straight. The bad
$AAPL The Good News & The Bad News Read More »
When following traders on Twitter, Stock Twits, and other social media. it is important to do it for the purpose of learning to trade for yourself, not to be hand fed entries and exits. To be a successful trader you must learn to build your own system and trading plan that fits your
Some of the Best Traders On Twitter Read More »
Trading is a process of learning and relearning key lessons in psychology, risk management, and using a proper method. Trading is like building a wall with the right bricks and when you leave a brick out, the whole wall eventually collapses. Or if you use the wrong quality of bricks even though the wall
Be A Better Trader: 8 Steps Read More »
When you first get the big idea that you want to be a trader, you’re excited. Maybe you’ve finally found the road to easy money, you can be your own boss, do as you please, and all with the possibility to make a huge income. You can also start part time and
6 Things To Help You Keep Trading, When The Trading Gets Tough Read More »
I believe the imminent death of the Apple up trend has been greatly exaggerated. The hopes that it will crash and trade at an 8 P/E or be worth only 4 times cash on hand is a very low probability event. The extreme bearishness is simply absurd based on fundamentals,
Apple:12 Reasons Why The Fat Lady Hasn’t Sung Yet Read More »
1. Managing the risk of ruin. Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin. 2. Only trade with
7 Things You Must Do to Win at Trading. Read More »
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” -George Soros One element of trading that is over looked as traders chase hot stocks, trends, and chart patterns is the importance of taking
Trading:The Secret Sauce Read More »