While trading is a game of math, probabilities, charts, and earnings it is also a mind game. Many times a trader’s beliefs will determine their success more than anything else. All traders start out believing it is possible to make money in the markets. Many want to earn their living one day by trading. […]
The Five Faiths Needed for Trading Success Read More »
A big thing that trips up new traders is they get an entry signal at a breakout or a bounce off a key moving average like the 50 day simple moving average but have trouble quantifying how to let the it run if it is a winner or cut the loser short if it goes
A Market Wizard on Short Term Moving Averages Read More »
Successful traders have a plan to win. By carefully putting the odds in their favor for the long term, successful traders will overtake gamblers who rely on random trades and a prayer. If you want to win in any area of life, you must be disciplined, study, and do the hard work. There are no
A Trading Plan: Do You Have One? Read More »
We all know Apple is the stock of the century but do we just buy or do we wait? Well with all monster stocks if we are traders then we wait until an opportunity to enter arises. Entering at the wrong time can lead to buying the right stock but
Five Monster Stock:Entry Points? Read More »
I have been trading for over a decade. I have had streaks where I won for many straight years in a row with minimum draw downs, it was as if I completely understood the markets and just could not lose. But I have also had years where nothing I did
7 truths about trading Read More »
Okay, Apple is the monster stock of the last decade. It continues to dominate many tech sectors and even leaving the destruction of whole industries in its wake. One example is the compact disk as a product and the company Tower Records that was made obsolete with iPods and iTunes.
Five Good Entry Points for $AAPL Read More »
IBD’s 20 Rules For Investment Success aren’t based on our personal opinion or those of Wall Street experts. IBD® built models of the most successful stocks each year from 1880 to 2010. IBD studied what common factors that existed before these great winners had large advances and how they changed when the stocks topped. So these rules
Investor’s Business Daily’s 20 Rules For Investment Success Read More »
Do you use moving averages in your trading? It is very interesting to lay a 50 day and 200 day moving average on to a chart for the past year. You will begin to see patterns develop. Bounce off the 50 day, a last chance for support at the 200 day etc.
Ten things traders need to know about moving averages. Read More »
A book review for Brent Penfold’s book ‘ The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets” This book is excellent for traders that are ready for it. You need a foundation in trading to understand its importance and take the principles seriously. Once you are through the rainbow and
The Universal Principles of Successful Trading Read More »
I am surprised that more quotes from legendary trader Nicolas Darvas are not available online. I hope this post helps this problem. After reading hundreds of trading books, How I made $2,00,000 in the Stock Market by Nicolas Darvas continues to be one of my all time favorites. The book covers almost all the basic
My 10 Favorite Nicolas Darvas Quotes Read More »