Here are ten good trades a trader can make with their psychology, risk management, and methodology. We have to trade bad behaviors to good behaviors before we attempt to trade any markets for a profit. Trade big losses for small losses through the right positions sizing and stop losses. Trade small wins for big wins through trailing […]
10 Good Trades Any Trader Can Make Read More »
I think that studying trading and being a trader has really changed my life. The principles of risk management, psychology. and robust methods has helped me in all areas of my life. Letting winners run, cutting losers short, and managing your risk of ruin is not
12 Things Trading Taught Me To Do In My Everyday Life Read More »
For most traders volatility is harder to trade profitably than trends and chart patterns, this is a time most traders should be in cash and waiting for a set up or trend to develop. The daily gyrations if watched all day can really mess new traders up. The plunge below the 21 day ema
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Don’t get out of a trade when you are afraid get out when your trailing stop or stop loss is hit. Don’t enter a trade when you are greedy for profits get in when you get an entry signal. Don’t take a huge position size because you
The 10 Do’s and the Don’ts of Trading Read More »
Start with a concept: “I make $ when market trends”, etc., & turn it into set of objective math rules that can be programmed & backtested. — Trade Like a Casino (@TradeLikeCasino) December 13, 2013 Stay Bullish when charts r bullish no mattr what u THINK the fundamentals are. Be Bearish when charts r
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I have created a poll for my followers to vote on the trader they found to be the most helpful trader on Twitter in 2013. Everyone can vote, and I will compile and post the winners on my blog in about a week. This could be very helpful for new traders, directing them
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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
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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
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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
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