If you are just randomly trading what you like with no real underlying system, method, or planning, then unfortunately, your odds of success in the long term are slim. It is crucial that you create for yourself a system or methodology that enables you to trade in a way that historically wins, controls risk, and […]
Ten Questions to ask Yourself Before Every Trade. Read More »
Arguably one of the greatest traders of the past 30 years both for his annual returns, consistency, and returns versus draw downs. Taken from his interviews and quotes here are ten things I believe he would do in this market. (Of course this is just hypothetical and my opinion based on all that I
Paul Tudor Jones and This Market Read More »
1. Do not be overly concerned about whipsaws a good trend pays for them all. A whipsaw is when you enter a position but get stopped out quickly when the market reverses opposite to your position. If you are a trend trader this may happen many times in a row in a range bound market.
Ed Seykota’s 6 Rules from the Whipsaw Song Read More »
Trader, Know Thyself. What most determines your success in trading is not your chosen method and not even your risk management. It is you, you will be the one to chose whether you will make it or not. Your perseverance, your faith in your chosen system, you self control in position sizing, whether you can
Ed Seykota’s Student Speaks Read More »
If you want to win in trading you must have an edge. What is your edge? Trading Method Edge: You first have to have a method with a positive expectancy. This is not necessarily just a winning percentage. You simple want to win more money when you are right than you lose when you are
How to Get that Winning Edge in Trading. Read More »
Who is Nicolas Darvas? Who is this guy that even William J. O’ Neil founder of ‘Investor’s Business Daily’ says his book is recommended reading for anyone wanting to learn to trade stocks? Darvas first became interested in the stock market in 1952 when he received some mining stock in exchange for performing in a
How to Trade Like Nicolas Darvas Read More »
For a moment let’s put aside our personal opinions about George Soros and his politics and just look at what he has to say about how to trade successfully. On September 16, 1992 – later dubbed “Black Wednesday” — the day the British government abandoned the European Exchange Rate Mechanism (ERM), and the pound
George Soros’ 10 Best Quotes Read More »
Bennett McDowell has written a very useful and insightful book for traders who want to get serious about their trading. . He takes the trader through every step they will need to consider when turning a favorite hobby into a money making business. Like any business you will need to write a defined business plan
Survival Guide For Traders:Book Review Read More »
You better be managing risks on days like today, when the Dow Jones Industrial Average rockets up almost 500 points due to announcements from central banks. Shorts were punished once again, not by the normal market functions of supply and demand or emerging trends, but government interference. Such is life in the markets and trading.
7 Easy Steps to Blow Up your Trading Account Read More »
How are you feeling? Were your palms sweating as you placed that last trade? Was your heart pounding the whole time you had the big trade on? Are you trading for excitement or to make money? The hardest part of trading is not math, it is not even developing a good methodology and system. Risk
A Trader’s Emotional Indicators Read More »