Archive for category: Trading Plan

Trading: Predictions vs. Expectations

10 Dec
December 10, 2014

    This guest post is from: Christopher Ebert @OptionScientist There are two VERY DIFFERENT terms to consider when it comes to trading: 1) Prediction and 2) expectation (or confidence) surrounding the prediction. Placing a trade involves making a prediction. It is not possible to place a trade without making a prediction, and that is […]

10 Things Traders Must Quantify

25 Nov
November 25, 2014

  Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. They generally enter out of greed and exit based on fear. They believe in their opinions more than the actual price action. They […]

Capital Preservation: 10 Trading Tips

21 Nov
November 21, 2014

  As a trader, your #1 goal is to keep your current trading capital safe and secure. Your goal as a a trader is to make money and not lose money. Many new traders lose their trading capital in the first year, but these ten tips will help you keep your capital intact so you […]

The NewTraderU Newsletter Signup

20 Nov
November 20, 2014

  Introducing the Monthly New Trader University Newsletter! The signup is at the top of this site. Receive my monthly email newsletter by entering your e-mail in the space provided and clicking subscribe. Once a month you will receive: A trade example step-by-step of my best trade of the month. My current positions with exits […]

3 Trades Explained $DIA $IWM $SPY

17 Nov
November 17, 2014

  Trade #1 I shorted $IWM three days ago by buying $TZA at $13.02 when $IWM was near the 70 RSI on the daily chart. My stop loss was to exit if $IWM closed above the 72 RSI. My trailing stop is to stay short unless $IWM closes above the previous day’s high. There is […]