New traders and rich traders speak different languages because they see the markets differently. New traders see the riches and rich traders see the risks. New traders see the possibilities, while rich traders see the probabilities. New traders want to get rich quick, while rich traders know that building wealth takes time. New traders love to […]
Traders Speak Different Languages Read More »
In baseball the best hitters are disciplined enough to wait for the best pitches only before they swing. The best hitters are picky and have developed the ability to know what the best pitches are and wait for them. Regardless of physical strength the true success of hitters in baseball comes from the ability to
Baseball Quotes and Trading Read More »
Long term trend is still up. We are still in a bull market. Intermediate and short term trend is range bound. Current resistance is now all time highs set Friday. The 20 day sma is short term support level. A close below this level
$SPX Chart Fast Facts 3/23/14 Read More »
State of the Market as of 03/21/2014 Ten Things I Learned While Trading for Victor Niederhoffer The high-frequency trading firm that’s about to go public only had one day of trading losses in five years The Blowup: Game, Set, Match! Grinder 5 Compelling Reasons Never to Retire 10 Price Action Tips That Will Make You
Trader Food: Ten Great Links For Weekend Reading Read More »
The greatest counteract to doubt and uncertainty in markets that I know of, is having a systematic process. — Jon Boorman, CMT (@JBoorman) March 17, 2014 Data to traders is like food to fish. We only need a little to get the job done. Too much can be lethal. @TraderMED @canuck2usa — SystemsTrader95 (@SystemsTrader95)
Tweets Of The Week – 3/21/14 Read More »
Trade Like a Casino @TradeLikeCasino: Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House (Wiley Trading) “If we are properly managing the risk and adhering to a positive expectancy model, the act of trading a position should be boring.” – Richard Weissman Michael Covel @Covel: Trend
10 Of My Favorite Trading Authors Are On Twitter Read More »
“There are as many as 10 components to a professional trading system, and the entry signal is probably the least important.” – Van Tharp So many trader’s spend a huge majority of their time on the best entries into trades when that is not really the most important thing for profitable trading. Here are
Ten Things More Important Than A Trade Entry Read More »
Great chess quotes from Garry Kasparov that can apply to chess, trading, and daily life. You must know what questions to ask and ask them frequently. Questions are what matters. Questions, and discovering the right ones, are the key to staying on course. The top achievers believe in themselves and their plans, and they work
Great Chess Quotes For Traders Read More »
“If there was easy money lying around, no one would be forcing it it into your pockets.” – Jesse Livermore There is so much garbage out there concerning trading online and the temptation for easy money that many new traders
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Ten Things A Trader Has To Know You have to know your own tolerance for risk and draw downs in capital. Not what you believe is your risk tolerance but what you can bear in reality when your real trading capital is down 5%, 10%
Ten Things A Trader Has To Know Read More »