Most traders that fail and leave the markets never learn the lessons that the market was trying to teach them. In all likelihood there were four horsemen that rode through the trader’s account, leaving lost battles, pestilence, famine, and destruction in their wake. What brings this doom upon a trader’s account? It is the […]
The 4 Horsemen of the Failed Trader Read More »
What trips up the vast majorities of traders so they never quite make the transition from new trader to good trader? Not being able to deal with the stress of trading: this is caused primarily from a lack of faith in themselves and or their method. They lack the ability
Trading: The Key to Everything Read More »
Let me introduce my readers to “Trader Steve” a successful trend follower and blogger from the United Kingdom. He was nice enough to give me an interview for my blog readers. Steve is a trend following trader that pulled off the feat of being profitable in both 2008 as the market was on the
My Interview with a Successful Trend Follower Read More »
What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is an summarized excerpt from Jack D Schwager’s book,
The 42 Keys to Market Wizardom Read More »
There are times with charts and markets that it is best to be out of them. With the current risk and volatility I have been trading smaller and smaller and less and less until finally I am only in a few positions for the first time all year. One of the keys to me holding
10 Things Traders Can Do Instead of Losing Money Read More »
It is difficult for most traders to trade with headline risk hanging overhead. It simply causes chaos in the markets. Here are five things that are caused by the risk of market moving news coming out at any moment. Headline risk disturbs the normal flow of the markets,
The Top 10 Problems with Trading with Headline Risk Read More »
This book may be one of the greatest trading books ever published. Jack Schwager set about interviewing some of the world’s top traders in 1988 and the principles these traders were kind enough to share has stood the test of time. These were not one year wonders these traders
Market Wizards in a Nutshell Read More »
If you want to be a winner trading in the long run there are THREE things that you must do. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader.
The Trifecta of Trading Read More »
This past year has been just like the chart studies I have done. Using the $SPY as the market filter in late December 2011 we had a break above the 200 day then a retest with support, we had confirmation of an up trend beginning in January 2012 with
This is What a Down Trend Looks Like Read More »
Here is a list of the ten most powerful quotes from Jesse Livermore’s book “How to Trade in Stocks.” Livermore was one of the greatest stock market operators of our time and his quotes stand the test of time. No one made more money in the markets or came back
Jesse Livermore’s Best 10 Quotes & Free Link to His Book Read More »