Great chess quotes from Garry Kasparov that can apply to chess, trading, and daily life. You must know what questions to ask and ask them frequently. Questions are what matters. Questions, and discovering the right ones, are the key to staying on course. The top achievers believe in themselves and their plans, and they work […]
Great Chess Quotes For Traders Read More »
Flexibility for the trader to move with price action is the key to successful trading. You can be rigid with your rules and risk management but you must be flexible when it comes to how the future plays out in price action for any market or stock. It is not those that predict the
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Ms. Raschke was recognized in Jack Schwager’s critically acclaimed book, The New Market Wizards as one of the best traders in the world. Last posted in Tischendorf Letter Linda Bradford Raschke produces six figure incomes from her trading,
50 Trading Rules from Linda Raschke Read More »
For the sake of simplicity, all dollar amounts are rounded in this blog. My #1 entry spot was with a break above the 10 day on September 4th, 2013 ($130,000 Position size 50% of account). This was the first day out of 18 that price broke over the 10 day line. In essence, this was
My Recent $SPY Trade Step-by-Step Read More »
If you are randomly trading based on a hunch, with no real underlying system, then your odds of success in the longterm are slim. The systematic trading of a winning methodology is what creates an edge in trading. Consistently trading a robust system or methodology enables you to trade in a way that wins in the
Answer These Questions Before You Trade Read More »
In trading, the money is not made in the entry, it is in the exit. The art of the exit is crucial to a trader’s success in the markets. Profits can disappear if you do not take them at the right time, and small losses can become huge losses if you do not cut them
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So many traders look for a winning trading system not understanding that even after they find one that making a few crucial mistakes can turn a winning system into a losing one. Once you have a system that seems robust from historical data, chart studies, or back testing be careful not to make these crucial
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“If you diversify, control your risk, and go with the trend, it just has to work.” -Larry Hite We often hear of trading with an edge, but how do we know for sure we have an edge in our trading? How do we know that the odds are in our favor, and
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What trips up the vast majority 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 to pull the trigger
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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 over a year time frame. You will begin to see patterns develop. Bounce off the 50 day, a last chance for support at the 200 day etc. Each index,
10 Facts About Moving Averages Read More »