You Will Eventually Blow Up Your Trading Account If…. You consistently trade huge position sizes in volatile trading vehicles. You enter a trade with no exit strategy. You care more about being right than making money. Your emotions fluctuate wildly with your […]
You Will Eventually Blow Up Your Trading Account If…. Read More »
Looking back at my early success in the stock market in the late nineties and even in the early 2000’s with the level of knowledge I had then at first glance at my returns I thought I was just lucky. However
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If you are a trader then you should never lose more than 1% of your total trading capital in any one trade through the use of position sizing based on volatility and stop losses. Don’t fight a down trend: only take high probability entries with great risk/reward ratios. Stick with your trading plan this
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The stock market is still in a long term up trend by staying over the 200 day sma. In the short term down trend the 100 day ema has acted as support. The $SPY price action has been under the 5 day ema for 7 days and has acted as end of day resistance.
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Down, then up, then down. Market a bit confused. DIRECTION DOWN, FULL HEDGES still in place. Enjoy the ride or in tweetland maybe ETR? — Tom Basso (@basso_tom) January 31, 2014 $AMZN weekly 390 puts sold 3/4 @ 24.28!! — DK1 (@canuck2usa) January 31, 2014 Or one could just trade price: "@jimcramer Darn futures really
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Chart courtesy of stockcharts.com The Elliott Wave Principle is a from of technical analysis that some traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles
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Don’t trade your opinions trade a carefully written trading plan that expresses a methodology with an edge. Don’t trade your emotions trade your quantified entry set ups. Stop exiting when your scared and exit with your trailing stop is hit. Only trade
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Stay calm. Never trade position sizes that cause you increased anxiety. Stay within your comfort zone. Keep perspective. Keep in mind that one losing trade does not a failure make. If you are risking 1% of your trading capital, it should only be one of the next 100 trades. Stay comfortable. Make sure you
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What school of trading will you be studying? CAN SLIM, Trend Following, Gann, Fibonacci, Darvas, Day Trading, Swing Trading, etc. or a hybrid? Knowing who you are as a trader is the first step. Quantify your trading methodology
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Last week a lot of traders and investors got hurt in their trading accounts. With the market going from trying to break out to new all time highs to crashing through the 50 day in three days there were the quick and there were the dead. The very best traders I know made money due
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