In the realm of success and decision-making, the Nova Effect and the paradox of good luck often go unnoticed. While celebrating triumphs and fortunate turns of events, people rarely consider the potential downsides. Could that winning streak in trading or that breakthrough in your business set you up for failure? This article delves into the […]
The Nova Effect: The Tragedy of Good Luck Read More »
“Trading” and “hard” are words many novice traders often find synonymous. The intricate dance of numbers, charts, and emotions can be overwhelming. However, the complexity of trading began to become more simplified for me when I delved deeper into three pivotal concepts. In this article, we’ll journey through these transformative insights that shifted my perspective
Trading Was Hard Until I Understood These 3 Concepts Read More »
Have you ever wondered why renowned investor Warren Buffett refrains from trading commodities? If so, you’re about to delve into a comprehensive analysis that could potentially redefine your investing and trading approach. The following sections unravel a captivating dialogue between Catherine Voorhood, a Los Angeles-based investor, and Warren Buffett, alongside his long-time partner Charlie Munger.
Why Warren Buffett Does Not Trade Commodities Read More »
Trading the markets can be a profitable way to grow your investment capital, but it can also be risky if not done correctly. One of the keys to successful trading is having a set of criteria to evaluate each potential trade. This article will outline a five-step test that you can use to determine if
Only Make a Trade If It Passes This 5-Step Test Read More »
A Guide to Thematic Investing Are you passionate about a specific business, product, or technology? Do you want to enjoy your favorite things and create financial success for yourself simultaneously? Investing in the stock market can help with that. By investing in companies or sectors related to your interests, called thematic investing, you are helping
Invest in The Things You Love with the Stock Market Read More »
Trading psychology refers to traders’ emotions, mindset, and behavior and how they impact decision-making and performance in the financial markets. Mastering trading psychology is essential for any trader, as it can significantly impact their trading success. Trading psychology also indirectly impacts performance by affecting a trader’s overall mindset and attitude toward the markets. A trader
How I Mastered My Trading Psychology Read More »
Trading can be a very expensive educational process for professionals from other fields that feel like they are smart enough to beat the markets with no experience. In trading, we are competing against professionals and people that do it for a living have an edge. The only way to make money is to have an
How To Win The Game Of Trading: 6 Lessons Learned After 30 Years Of Trial And Error Read More »
A chart pattern is a visual representation of the actions of buyers and sellers in a market recorded in price action. A chart is not predictive of the future but shows what is happening with buyers and sellers in the present moment. What it does is signal a higher probability of one path over another
The Ultimate Beginner’s Guide to Chart Patterns Read More »
One day trading rule that many new traders don’t understand is the “pattern day trader” rule or PDT. The Pattern Day Trade (PDT) rule is enforced by the U.S. stock market regulatory body (FINRA). This is a rule for limiting the amount of active day trades a small account trader can make in their stock
How Much Money Do You Need To Day Trade? (Day Trading Rule) Read More »
Bayesian thinking is successfully applied to professional fields requiring statistics and also to those considered outside of traditional statistics like education, computer programming, software, philosophy, economics, medicine and the practice of law. Bayesian thinking is a mental model which allows us to adapt our thinking reactively to new evidence as it arises and adjust our
Bayes Theorem, the Geometry of Changing Beliefs Read More »
This is a guest post by @PattensWizard on Twitter. Technical analysis is the study of prices over time and the analysis of chart patterns formed by price movements. So, a relevant question that often traders ponder is “What timeframe should I choose?” Another question that traders also frequently ask is “Why does trading timeframe matter?”
Why Does Your Trading Time Frame Matter? Read More »
Here are 65 lessons I learned after spending thirty years trading and investing in the stock market from 1991-2021. A trend can go farther and longer than I ever expect. The best traders are open-minded and flexible in their trades. For most traders less trades is better than more trades, focus only on the best
Things I Learned After 30 Years of Trading Read More »
Many people aspire to be traders when they see the potential for making large sums of money. Money attracts interest in any field whether it is practicing law, medicine, or entrepreneurship. However there is a huge distance between wanting to be something and doing the work to achieve a professional goal. It is generally accepted
How To Become A Great Trader Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. Everyone’s effort towards understanding the psychology of how to trade, really goes to waste if there is no understanding of how the market really works. There is massive pressure on new and developing traders to learn various ways
How To Trade What They See Read More »
This is a guest post by Tino @TradersReality. There have many associations that martial arts have with probably every endeavor in life. The simple reason is that both require discipline. Now you have more than likely read the basics of marital arts is preserving your character, having the discipline not to react when not required,
Martial Arts and Trading Read More »
This is a Video Guest Post by @AKFallible. Follow Yvan From Trading Composure On Twitter Here: https://twitter.com/yvanbyeajee Watch More Of Our Videos:Learn More About The Nasdaq All Stars Here:https://www.youtube.com/watch?v=-_xLL1b3rdY Check Out Our Analysis & Breakdowns of Billions Episodes Here: https://www.youtube.com/watch?v=s0xXN3XH0zo&list=PLZWbVSavQFXTEwTLFrq4hwGiKJmcWHIQ3&index=1 Learn To Trade Stocks With The Advice Of Real-Life Market Wizards Here: https://www.youtube.com/watch?v=vrF5tlKbU6s&list=PLZWbVSavQFXRStSfOUNvXwqe3ANBsfFfb&index=1 ***All content,
How To Manage the Fear of Losing Trades Read More »
This is a Guest Post by Sam McCallum at HoneyStocks.com. We all understand the Stock Market can either reward us massively, or have us huddled in a corner crying like a 2yr old… it’s both a magical place full of reward, but it’s also Mordor with Gollum lurking around the corner… yet somehow, we’re all
50 Key Things I’ve Learned from Trading Read More »
The normal path of nature has fragile things like living creatures and mechanical things follow a ‘bathtub curve’ where, after being a baby then child the probabilities of death increases as time goes by. For fragile things age and health determine the probability of continued survival which is the basis of insurance companies mortality tables
How the Past Projects the Future Read More »
This is a Guest Post by David Bergstrom, he is on twitter @dburgh he is the guy behind the Build Alpha software. He has spent many years researching, building, testing, and implementing market making and trading strategies for a high frequency trading firm, a handful of CTAs, individual clients, registered money managers, and even aspiring retail traders. His website
50 Tips for Better Trading Read More »
