An entry does not determine profitability it only determines potential profit the exit is where the win or loss occurs, focus on that. A robust trading system means nothing unless you can follow it with discipline and self control. Charts don’t care about any one persons opinions why should you? Good trading will make […]
Ten Trading Aphorisms Read More »
“You adapt, evolve, compete or die.” – Paul Tudor Jones I do not trade the same way I did when I started actively trading the stock market in the late nineties. The market itself has taught me many lessons about keeping my gains and cutting my losses short. I have traded through one of
My Evolution As A Trader: 10 things that I have Learned the Hard Way Read More »
Here we are pushing up against resistance levels in the $SPY. The options here are sideways, a correction, or we go parabolic. The odds favor sideways action here in a $174/$176 range, the probabilities change as one of these key areas are breached and held. That last dip to the 100 day shook out a
Ten Facts About the $SPY Chart Read More »
Here are ten questions to ask yourself to see where you are along your own path in the trader’s journey. Are you willing to exit your trade if it gets to a predetermined price level that indicates you are wrong about it? Are you structuring trades through position sizing and stop losses so
The Good Trader Survey: Ten Questions To Ask Ourselves Read More »
There is a lot of good information, tips, and entertainment floating around on twitter if you can build a high value twitter follow list. Here are ten tweets that I found to be valuable this week. These twitter accounts are doing it right. The path of least resistance until proven
Ten Great Trading Tweets From the Week Read More »
New traders have to learn what to be concerned about and what to ignore. Trading is about managing risk, the right psychology, growth and development, a good trading plan, a robust method, and reacting to what the market is actually doing instead of trying to predict what it will do. To many new
Trading: Getting Results While Ignoring the Noise Read More »
In trading there are things that cause you to win in the long term and things that cause you to eventually lose your entire account in the short term. There are ways to manage risk and there are ways to
A Trader’s 10 Best Friends & 10 Worst Enemies Read More »
Trading is not all fun and games. Traders do not make money on every trade, most don’t even make money on half their trades. It is not like other careers, jobs, or hobbies where you work and then get paid. Our pursuit is more like the life of an entrepreneur. Our idea may
Overcoming 10 of the Pains in Trading Read More »
Many new traders waste a lot of time going around in a circle of no progress. They go around and around, chasing the wrong things, lured into buying into the wrong principles of prediction that do not work. They look for the easy solution instead of just doing the work. There are great educational resources for
12 Ways for a New Trader To Grow Read More »
We had a key reversal day back to the 100 day sma and off the 40 RSI on Wednesday October 9th. The next day on Thursday October 10th we had a powerful reversal that gapped to the 50 day and then ran back over both the 10 day sma and the 5 day ema. For
My Quick Dozen $SPY Chart Observations. Read More »