One of the toughest thing a new trader will have to do is come back from their first blown up account. Losing 50% or more of an account or even the whole thing is very hard on the new trader’s psychology and nerves. Most never come back form this. There is a big difference […]
How A Trader can Comeback from a Setback Read More »
Two things that many new traders and even experienced traders waste their time on is regret and hindsight. They look at charts and see the past so clearly on them, they should have bought here, they should have sold there. Why didn’t they? The charts look so obvious in hindsight. We really should
How To Stop Trading With Hindsight & Regret Read More »
What a wild week for the indexes last week. On Monday SPY rested slightly under the 50 day, then Tuesday $SPY collapsed from the 50 day and found support at the 100 day. Wednesday SPY went over the edge as the fear of a stalemate in Washington D.C. reached its zenith, but the SPY was
Recap of Last Week’s $SPY Action & 10 New $SPY Chart Facts Read More »
In over a dozen years of learning what works and what doesn’t in profitable trading I believe there are many paradoxes. Most of trading is counter intuitive and new traders usually enter the market looking for predictions, sure things, hot tips, and to know what to buy. In reality it is following price action as
15 Trading Paradoxes Read More »
If you want to be a winner trading in the long run there are THREE elements of trading that you must have in place. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader. These
The Three Keys That Unlock Trading Success Read More »
Do you read any trading blog regularly? One where you never miss a post? Which blog helps you size up the market direction? Who helps you learn how to manage risk, back test, keep the right mindset, and most importantly make money? I am taking votes on the poll below to see who traders believe
What is your favorite trading Blog? Vote Here Read More »
As a new trader I did not understand a part of a trading book where Alexander Elder was talking about how bad traders can be like alcoholics and may even benefit from going to AA meetings. That truly baffled me. Surely trading is just math and numbers and learning what to do. What does addiction
12 Steps for Failed Traders Anonymous Read More »
Do not trade unless you have a trading plan. You need to know what you will do before the market opens. Trade a method not individual hunches. One trade outside a trading method means nothing. Stop fighting the trend in your time frame and start following it. Quit trying to predict what will happen
Ten Ways To Improve Your Trading Tomorrow Read More »
The Bear- This trading animal believes the market will be going down and plays the short side. Bears think that a market is going to be very red. The Bull- This trading animal is very optimistic that the market will be green. Bulls love to buy and believe their screen will be full of
Ten Types of Trading Animals Read More »