One thing that trips up new traders is that they are surprised at the emotions that flood into them when they begin the process of trading with real money. Their ego engages and they do not want to be wrong and they sure don’t want to lose money. The negative downward emotional spiral takes down […]
The 7 Key Emotions of the Winning Trader Read More »
My trade going into the Greek elections is to stay in cash as I have been almost all week. I am not disappointed this week I will let the day traders make their money in this market and watch the bears get mauled by central bank interventions while I sit
My Trade Going into the Greek Elections Read More »
Ever have that day when you were a new trader and you were 100% sure about a trade. You just could not lose, the stock was a real buy it had already fallen a great deal and it could not possibly fall any farther. So you waited and then plunged in, you couldn’t
The Most Dangerous Trade Read More »
The S & P 500 has been range bound for a week holding at the 10 day moving average as support. The problem is that it can run the full range and back in 48 hours. The market is currently range bound in a $131/$134 $SPY price box. A price break out from here
Trading in the Valley of Uncertainty Read More »
U.S. Investing Champion Mark Minervini, who was featured in Jack Schwager’s book Stock Market Wizards, was generous enough to grant me this interview. Read on and learn from the man who has returned consistent triple digit returns in the stock market. Jack Schwager wrote in the book Stock Market Wizards; Interviews with America’s
My Interview with Mark Minervini Read More »
Two of the biggest obstacles in trading is managing risk and using a winning method. However, even if you control your risk on every trade and have a methodology that is a winner in the long term you can still
The Mental Game of Trading Read More »
With the powerful reversal off the $SPY 200 day and then the comeback after the reversal day I am ready to go long. The European Union headline risk was hanging over the market causing a lot of uncertainty and confusion but with the loan to the Spanish banks approved much of this will
My Next Buy Point and My Watch List Read More »
The free markets do not give up profits easily. The vast majority of all traders lose money over the long term. Many studies say it is as much as 90% that are net losers after all their trading. Even investors can work very hard to end up at even after a brutal bear markets takes
Ten Things that the Markets Reward Read More »
In trading while we have zero control over the long term moves in the markets we have 100% control over our own actions. It is not the market movements that will ultimately decide whether we win or lose but our own decisions. It is not a matter of what the
Trading is All About Control Read More »
It is easy to become obsessed with adding to our trading arsenal with knowledge, books, chart patterns, indicators, moving averages, and gurus, that we forget to analyze what we need to remove from our plan. One of the largest determining factors as to whether a new trader ends up as a winning trader, is how
10 Things A Trader Needs to Give Up Read More »