Image courtesy of 401kCalculator.org Good traders and good trading systems have losing streaks and that is just a fact of trading. Overbought and oversold can become more so, bull markets have no long term resistance and bear markets have no long term support. Sometimes losing streaks have nothing to do with how good a system […]
A Dozen Things I Learned From My Losing Trades Read More »
What is a ‘Zero-Sum Game’? Zero-sum games are the total opposite of win-win situations – such as an agreement that creates value between two counter-parties – or lose-lose situations, like war and mutually destructive relationships for instance. In real life, however, things are not always so clear-cut, and winners and losers are often difficult to
Is All Trading Really A Zero-Sum Game? Read More »
I see so many traders that seek the “Holy Grail” of trading and search for it for years. They are always students and are very light with their trading of real capital because they are always waiting and trying to ‘figure it all out”. The truth is that there is just a few things to
Read This Blog Post When You Are Tired Of All The Trading Bullshit Read More »
There is a high probability that volatility continues to rise next week off recent lows with the perceived and expected headline risk in Iraq and the uncertainty about its future. It would create some better set ups for equity traders if the market uses Iraq as an excuse to take profits and bring the $SPY
10 Fast Facts About The $SPY Chart Read More »
The VIX Is Not A Great Way to Measure Complacency 12 Things I Learned About Life From Daytrading Millions Of Dollars Why technical analysis is shunned by professionals Notes from The Disciplined Trader: Developing Winning Attitudes by Mark Douglas Hunter S. Thompson’s Brilliant Life Advice On Finding Your Purpose And Living Meaningfully
Five Trading Links For Weekend Reading Read More »
Let’s be honest. Today was really not a day to trade anything. Enjoy the weekend and we should get better action next week. Risk management, Discipline, Willingness to pull the trigger. Apply these to a positive expectancy model & I don’t see how you would fail. — Trade Like a Casino (@TradeLikeCasino) June 13,
Tweets of the Week – 6/13/14 Read More »
https://www.youtube.com/watch?v=ajMpfPYlHi4 https://www.youtube.com/watch?v=8yscLSJvkRw https://www.youtube.com/watch?v=Pxrzv4jh0M8 https://www.youtube.com/watch?v=rY4uvgSpXwQ
Trader Recharging Area–> 17 Minutes of Caffeine For the Trader’s Soul Read More »
How many years of work are you willing to put in to be a successful trader? What percentage of returns on capital is your annual target? What is the maximum percentage of draw down you are willing to endure? How big is the bid/ask spread on your trading vehicle? What percentage of it will make
The 15 Key Numbers A Trader Better Know Read More »
This is not a prediction it is just a list of things to look for as possible signs before a market rolls over. Alone these are just possibilities but the probabilities increase as more of the signs are in place. When the RSI gets near 70 on the daily chart for a stock index ETF,
10 Signs of a Short Term Market Top Read More »
Forex bucket shops that pretend to be brokers but really trade against you. Many times killing accounts with big bid/ask spreads. Using attractive female photos to push some service off on traders. Trading newsletter writers that don’t even trade. They issue a lot of buy signals then cherry pick the winners to tout to the
10 of the Biggest Con Artists in the Trading World Read More »