The strange thing about trading is the vast majority of traders lose money. Most studies put it at 90% as the amount of traders that are unprofitable in the long term. How can this be? The majority of traders are trading on emotions and predictions instead of what […]
10 Ways I Trade With the Winning 10% Read More »
At 56, Paul Tudor Jones is a self made billionaire with a net worth of 3.3 billion and is ranked as the 336th richest person in the world, he knows exactly how to trade the biggest money for the biggest returns. One of Jones’ earliest and major successes was anticipating
Paul Tudor Jones Speaks:Are You Listening? Read More »
Traders should never underestimate the role that stress plays in trading. Most will succeed or fail based on their ability to handle stress, rather than how many winning or losing trades they have, or even how good their methods are. It is possible for a trader to win consistently and still not be able to win in
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One of the ways I coach myself each day before trading begins is to say to myself “Don’t do anything stupid”. When I quit doing stupid things that is when I started being consistently profitable year after year. You can do all your homework for trading, you can write your
When Good Traders do Stupid Things. Top Ten List Read More »
“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…” -Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader.
Ed Seykota: Greatest Trader of All Time? Read More »
The biggest question I have received from readers is what are my thoughts on Apple? They have asked my advice on how to play Apple through earnings, my advice “Don’t” instead wait for a trend to emerge after earnings. I captured the move in Apple this year by trading
Five Reasons I Do Not Hold Through Earnings & CMG is #5 Read More »
Many new traders are taken out of the trading game through bad mental practices. Here are some things that top money managers have shared through interviews and books that may help traders who are making mental mistakes in their trading. Ten Powerful Psychological Traits of the Rich Trader They have the ability to admit they
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Have you ever heard of the saying “If the shoe fits wear it?” Well in trading, much like with shoe sizes, you can only trade a size that fits you. Unlike shoe sizes though you can grow into bigger money shoes over time. Reading books about trading,doing simulated
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1. Identify if you really want to be a trader. Is this truly your desire? Before you can develop persistence and eventually achieve success in the tough trading game, you need to first identify if this is truly what you want to do. If you are only doing this for the money then the odds
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Trading Is Just Like Gambling. This is the first thing I hear from family, friends, and new people I meet when I tell them I am a trader. What they do not understand, is that I am not the gambler, I am the casino. I trade with the odds in my favor, over and
Ten Trading Myths Explained Read More »