To really be a great trader we have to get comfortable with being uncomfortable. We have to accept that no one has a crystal ball or time machine so the future is not known by anyone and we can only take our entries and manage our current risk. Successful trading comes from understanding the […]
7 Smart Ways to Trade Against Uncertainty Read More »
Flexibility for the trader to move with price action is the key to successful trading. You can be rigid with your rules and risk management but you must be flexible when it comes to how the future plays out in price action for any market or stock. It is not those that predict the
5 Reasons Flexible Trading is Profitable Read More »
Here are the ten tools every trader must have if they want to make money in the markets. Missing just one of these tools could undermine your ability to be successful even if you have all other nine things in place. The ability to bring your risk of ruin down to almost
The 10 Tools A Trader Must Have To Be Profitable Read More »
On Monday the $SPY uptrend was finally broken and the 5 day ema was lost. I was stopped out of my longs. We had a five day down trend that took us back to the 21 day ema by Thursday. On Thursday the 21 day ema was held as support and the line in
Ten Fast Facts About The $SPY Chart Read More »
The $UVXY ETF started trading in October of 2011 and it seeks a return that is 2 times the return of the VIX in a single day. Due to the compounding of daily returns, the $UVXY’s returns over periods other than one day will be very different than just holding double the $VIX due
Here is By Far The Best Long Term Short Play of the Past Two Years Read More »
Our #GAME Sure, is ok to be wrong and to not really know what will happen. Therefore, making it possible to REACT to present circumstances. — Jose Luis Urbina (@urbinarestrepo) December 6, 2013 The yuan has overtaken the euro as the second most used currency in trade finance… — Jose Luis Urbina (@urbinarestrepo) December 5,
15 Favorite Trading Tweets of The Week Read More »
Trading is primarily a game of the mind not a math game. The absolute smartest people usually are not the very best traders because while they are doing all the complex math and system development they are blind sided by their egos, greed, and fear. If you have the right mindset as a trader
Five Ways to Build the Right Trading Mindset Read More »
Commit to doing the work to become a successful trader. Study the top resources for trading success. Decide what level of annual returns you want to make on average. Decide the maximum capital draw down level you can tolerate and accept. Become a reactive trader not
The 15 Key Steps To Successful Trading Read More »
Bad traders are very arrogant and opinionated on the future direction of the markets. The best traders I know are very flexible and just go with the flow. Bad traders love to give out unsolicited advice, question, and
Bad Traders Versus Good Traders, the BIG DIFFERENCES Read More »
(MrTopStep Exclusive) One of the original “Market Wizards” in Jack Schwager’s classic best-seller, Marty “The Pit Bull” Schwartz is one of the few of that reclusive group to speak publicly and candidly about his trading experiences, his philosophy, and his life. Rarely have any of the original Market Wizards given even a brief interview, let
A Rare Market Wizard Speech: Marty Schwartz at Amherst College 2013 Read More »