“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
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“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 »
Last week was very choppy and sloppy and the market could hit a signal intra-day then move fast. Equities as a whole are not under accumulation in 2014 so far they are only be traded in ranges as an asset class. $SPY and $SPX are still negative on the year but have provided plenty of
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The Pro’s Process – Richard Weissman Determining Optimal Risk Optimal Position Sizing Reduces Risk A Dozen Things I’ve Learned from Nassim Taleb about Optionality/Investing What is max pain or option pinning? 1 MIN READING: The fisherman and the businessman Triple Threat March OPEX + What SPY
Trader Food For The Weekend: 10 Great Links Read More »
@SJosephBurns Where the hell was this list last year??? 🙂 — Scott Lee (@OnClose) March 13, 2014 Making $ every month is either the next LTCM or Madoff: Pick your poison. Every smart trading strategy encounters drawdown. #trendfollowing — Michael Covel (@Covel) March 9, 2014 Backtesting, while important, is not the Holy Grail.
Tweets Of The Week – 3/14/14 Read More »
First of all, you really should not even be trading your very first year you start in the markets. The first year should be spent finding out what the right questions to ask even are not trying to beat professionals at their own game. Most new traders don’t survive their first year because they trade
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Ten Simple Ways To Trade Better It is crucial to trade quantified high probability entry signals with good risk/reward skewed in your favor not your emotions or your opinions. When you enter a trade decide where you will stop out of the trade if
Ten Simple Ways To Trade Better Read More »
Ten Signs Your Trading Is Getting Better Your losses are getting smaller and smaller. Your losing streaks are not as long as they use to be. Your draw downs are not as big as they use to be. You are very
Ten Signs Your Trading Is Getting Better Read More »