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
MY Ten Observations About The $SPY Chart Read More »
Foolish traders confuse hindsight with trading. They think that because they reviewed price performance history, and saw patterns or results, trading in real time would be simple . They don’t understand that real time trading involves risk management, discipline, and a developed trading plan and probably never will. Foolish traders believe that what
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GRRR!!! > https://t.co/4uwbI7RycW — Mr. Breakout (@sharptraders) January 24, 2014 "In trading, however, the person who can easily admit to being wrong is the one who walks away a winner." – Victor Sperandeo — Andrew Selby (@DontTalkStocks) January 19, 2014 Skin in the game doesn't make charlatans stop charlatanism, it just puts them out of
Lots of Great Trading Tweets This Week Read More »
The biggest mistake that new traders make is they think the right predictions are the key to profits. That making a ‘call’ is the key to great trading. Well it is not. Successful trading comes from robust quantified trading methods. Testing
Trade the Flow, Not Opinions Read More »
“He seemed to want to be glorified for his ability to be right, not quantify his method. It wasn’t a battle with anyone in the group, it was with himself. I don’t think he had the emotional maturity to use mindfulness to have that discussion with himself. Not faulting him, but it’s much easier
Trader Trolls on Social Media Read More »
https://www.youtube.com/watch?v=83knEINh1kc
OPTION TRADING 101 Videos Read More »
A few key points to remember when analyzing market movements: Uncertainty causes much of the volatility, as neither buyers, sellers, or holders have the majority conviction to control the trend. Unexpected good news causes the market to (generally) go up as the new situation is priced in. Expected good news is usually sold into when
Understanding Market Movement Read More »
With the action in the markets in the past few weeks I am looking at selling OTM call option premium using bearish credit spreads on $SSO and possibly swing trading long off any deep dips with bounces and shorting reversals off rally peaks in the the 65-70 RSI territory if we get there. We’ll see
Ten Fast Facts About the $SPY Chart Read More »