20 Trading Insights from Paul Tudor Jones 1. Markets have consistently experienced “100-year events” every five years. While I spend a significant amount of my time on analytics and collecting fundamental information, at the end of the day, I am a slave to the tape and proud of it. 2. I see the younger […]
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Professional trader Richard Weissman was generous enough to post his trading rules in my facebook trading group and also gave me permission to share them with my blog readers. I have grown in my trading this year interacting with Richard and watching how he trades. He is also very generous in sharing his wisdom with
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I sold my personal $SPY position on Thursday at the end of day. I did this because for the trend to have continued on the daily chart it had to start building another price base or go parabolic to $175 or $180 if it did not continue up then the odds were that it would
A Dozen Fast Facts About the $SPY Daily Chart Read More »
If someone was ready to start trading and had a basic understanding of trading and the markets and asked for some of my best advice on how they could make money as a trader, this is what I would tell them. Understand that trading is like any other professional endeavor, you will be monetarily rewarded
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Ms. Raschke was recognized in Jack Schwager’s critically acclaimed book, The New Market Wizards as one of the best traders in the world. Last posted in Tischendorf Letter Linda Bradford Raschke produces six figure incomes from her trading,
50 Trading Rules from Linda Raschke Read More »
For the sake of simplicity, all dollar amounts are rounded in this blog. My #1 entry spot was with a break above the 10 day on September 4th, 2013 ($130,000 Position size 50% of account). This was the first day out of 18 that price broke over the 10 day line. In essence, this was
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A big thing that trips up new traders is they get an entry signal at a breakout or a bounce off a key moving average like the 50 day simple moving average but have trouble quantifying how to let the it run if it is a winner or cut the loser short if it goes
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The 7 Expensive Bad Habits of New Traders Trading with no stop losses. You can’t control your profits but you can control and limit your losses with a planned exit. Not having an exit plan can be very expensive when a trend takes off against you and you
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