With all the experiences I had trading Apple options from the long side on Friday over the past few years both with big wins and frustrating losses I decided to truly do a back test to see if the pinning action was as bad as I imagined. In some ways it was, with […]
Apple Friday Price Pin Statistics Since the Weekly Options Started Read More »
Disciplined Traders Emotional Traders Trade a defined trading plan. Trade based on emotions. Manage risk. The more confident they are the bigger the trade. Exit based on predetermined stop. Exit due to fear. Enter based on a set up. Enter based on greed. Exit a
Disciplined Trader… Emotional Trader… Which are you? Read More »
If you took a penny on the first day of the month and doubled it every day for that month (all 30 days), how much would you end up at the end of the month? One cent, two cents, four cents, eight cents…. but at the end of day thirty you end up with $5,368,709.12!
How Much does A Penny Doubled Every day for a Month End up Being? Read More »
Here is a discussion that happened in my trading group this weekend. Mr. Hertel was kind enough to let me share it with my readers. I think it really answers the core question for New Traders on how to get started trading in a systematic way. For anyone interested in joining a high
What to look for in a Trading System (GUEST POST) Read More »
Since breaking over the 50 day back in January the 50 day has held as support 4 out of 5 times. This is the sixth test and it could go either way. Three weeks ago all time highs were rejected so we do have over head resistance to work off as people get
Ten Fast Facts About the $SPY Chart Read More »
So many traders look for a winning trading system not understanding that even after they find one that making a few crucial mistakes can turn a winning system into a losing one. Once you have a system that seems robust from historical data, chart studies, or back testing be careful not to make these crucial
Ten Things that Ruin a Trading System Read More »
Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, stubbornness, reading a balance sheet, or stock picking is not on here. It is all a game of risk management, mind, and a robust system. Everything else is just noise. Passion for trading, only passion
Ten Ingredients That Make A Great Trader Read More »
CURRENT POST FACEBOOK TWITTER ARCHIVES BOOKS For an invite to my private facebook trading group e-mail me at stephenburns@bellsouth and request to be sent an invite. 2013 Blog Posts Table of Contents Top 10 Most Liked Blog Posts of 2013 On NewTraderU 2012 Blog Posts Table of
NewTraderU Home Page Read More »
One thing that trips up new traders is that they are surprised by the emotions they experience when they start trading with real money. Their ego engages and they don’t want to be wrong, more than they want to win over time. In my opinion, trading is primarily won or lost in the mind. Mental
Powerful Emotions of a Winning Trader Read More »
