The Five-Step Process of System Development by Richard Weissman: pages 11-13 When to not play: a poker lesson for traders by Brett Steenbarger CNBC Viewership Drops To Lowest Since 1997, Cramer Has Worst Month Ever The Dunning-Kruger Effect: Why Every Novice Thinks They Can Trade The Psychology of Getting More Done (In Less […]
Weekend Reading – 6/28/14 Read More »
Don’t worry, America. If the game is going the wrong way, the Fed is prepared to intervene in the 2nd half. #USAvsPOR — Rudolf E. Havenstein (@RudyHavenstein) June 22, 2014 “@drunkNnaughty: I have CDO. It’s like OCD, but the letters are in alphabetical order. Like they should be.” — Joseph Fahmy (@jfahmy) June 21, 2014
Tweets of The Week – 6/27/14 Read More »
While all of these may not fit into your own trading plan, some of these rules could help individuals decrease drawdowns. Make limiting your drawdown in capital your number one priority, not your profits. It is much easier to be profitable when you don’t lose a lot of money. Never lose more than 1% of
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Winning traders take responsibility for all their trades win or lose. Whining traders play the victim of algos, the Fed, and blame the markets for their losses. Winners have a trading plan Whiners have emotions, ego, and blame. Winners find a way to be profitable. Whiners find an excuse why they are not. Winning
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They say things like “I have been pounding the table on this trade” or want some kind of brownie or cookie for “calling some market movement” it is about making money not wanting to be pet on the head for being “right”. Foolish traders are focused on predicting the future instead of trading what is
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This post is courtesy of Simon Goodchild posted originally in my Facebook trading group. Reprinted here with his permission. THE SUPERMAN THERUM I often hear that one should not trade unless one has sufficient capital to trade, and it’s true most traders are under-capitalized, but there’s absolutely no reason a trader can’t start with
Trading Where You Are To Get To Where You Want To Be Read More »
This market continues to grind higher with tiny pull backs making it difficult for buy the buy the dip traders to even get a good dip to buy. Volatility is very low making it difficult for option sellers to collect enough premium to make it worth their risk while options stay so cheap. Even intra-day
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10 Facts About The Apple Chart Survivor bias: why following success could doom you to fail Avoiding Stupidity is Easier than Seeking Brilliance Chasing Success Why Is Calling a Market Top So Hard?
Weekend Reading for 6/21/14 Read More »
Every day trader is now a soccer analyst. — 3:30 Ramp Capital (@RampCapitalLLC) June 12, 2014 FOMC statement having no impact on my Tinder feed — Greg Harmon, CMT (@harmongreg) June 18, 2014 Sentiment is very bullish right now, but I did see one bear at lunch today…eating by himself 🙁 pic.twitter.com/ElsQu4NIWL — Joseph Fahmy
Top Trading Tweets of the Week Read More »
Government document that calls #momentuminvesting “magical thinking”? You bet. Eventually make it illegal? All beta, alpha outlawed. — Michael Covel (@Covel) June 18, 2014 “This is a very strong bull market, and betting against it is a bad idea,” said Clenow. http://t.co/n4ZLq52YDX — Andreas Clenow (@clenow) June 18, 2014 Market Update Thursday 19th June 2014
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