There is a big difference between bad traders and good traders, here is what I think separates one from the other: Bad traders continually have the desire to short the hottest stocks with the strongest momentum. What is their reasoning? “It can’t go any higher, this price is ridiculous.” Do […]
The 5 Mistakes Bad Traders Make Over and Over and….. Read More »
“Fish see the bait, but not the hook; men see the profit, but not the peril.” -Chinese proverb Options are both one of the greatest wealth building tools ever created and a quick way to lose all your trading capital if you over leverage and disregard the odds of your trade being a winner. Options
7 Common Mistakes Option Traders Make Read More »
Just like in football, trader’s must play great offense and defense in trading to be successful in the long run. In trading we must be able to do two things: manage our winners and manage our losers. If we can’t play both good offense and defense then we will not win over the long
Why Trading is Like Football Read More »
With most indexes breaking out to multi-year highs after the European debt crises appearing to be kicked farther down the road for now we are setting up for a possible run up into new price territory in many leading names. I am holding three positions going into Monday morning. While
The 700 Club of Stocks: My Top Three Picks Read More »
Contrary to popular belief by the majority of the general population and even investors and traders stocks are not tied to their fundamental values or even the companies that sold the shares to raise capital. Stock prices are tied to simply what the current buyer and seller in the market is willing to exchange ownership
The Mechanics of Stock Price Movements Read More »
Trading is not all fun and games. We do not make money on every trade. It is not like other careers or jobs where you work and then get paid. Our pursuit is more like the life of an entrepreneur. Our idea may work or it may not. The
How New Traders Can Limit Their Pain Read More »
You just can’t beat the person who never gives up.” -Babe Ruth You can read trading books until you are blurry-eyed, you can spend thousands of dollars on seminars, you can try to get successful traders to give you the secret sauce of trading and the holy grail. But, in the end it is simply
The 10 Steps to Trading With Mojo Read More »
Discretionary Traders Vs Systematic Traders In the classic Star Trek movies and television show Captain Kirk believed in his abilities to make the best decisions in the circumstances he found himself in. Mr. Spock contrasted against Kirk’s leadership style by using logic and reason along with probabilities of success to make the best
Do You Trade like Captain Kirk or Mr. Spock? Read More »