You have a great stock you want to buy but it is in a sharp uptrend. It has already formed a price base and broke out and has been in a continuous uptrend making higher highs and lower lows. Where do you get on board? What is your second chance entry? Well you can wait […]
The 2nd Chance Entry Point if You Missed the Breakout Read More »
Here are the 18 principles of successful trading that I have learned from the study of rich traders and my own successful trading in the markets over the past 30+ years. Some of these principles will seem counter intuitive and may leave new traders scratching their heads until they fully understand what they really mean.
Rich Trader’s 18 Principles for Trading Success Read More »
In trading you have heard that bulls make money, bears make money, but pigs get slaughtered. Here is a more expanded truth: Traders that have the right mind set, money management, and winning method make money, those that are missing even one of the three, will eventually ‘blow up’ their account. This applies to both
The 10 Elements of Successful Trading Read More »
Here is some great trading advice I have gathered around the web. These were either answers from real traders to the question “What is the best trading advice you ever received?” Or it was advice given be successful traders when asked “What one piece of advice would you give to traders?” There are some gems
The best pieces of trading advice Read More »
This interview really takes you into the mind of a rich trader who has made millions with momentum trading. This method is not for everyone but if you can click the buy button like Dan Zanger or Nicolas Darvas during true bull markets with stocks in companies that are world changing, you can be a
Rich Trader: Dan Zanger Interview Read More »
While pure trend followers and technical analysts will not agree with all of Mr. Baruch’s principles it is interesting to read through them, they are the same as some of the top traders and investors of our age. Some of these all traders can agree on. Bernard Baruch was a millionaire in his
Bernard Baruch’s 10 Trading Rules Read More »
Apple is just too big to keep growing. The droid is taking market share from the iPhone. Can Apple keep its dominance with Steve Jobs passing? I say yes, absolutely, this company is the modern day monopoly that is just so big and so good it gobbles up competitors with no effort. Its only real
10 reasons $AAPL can go to $500+ in 2012 Read More »
For traders who make money by trading the trend in the markets, the fourth quarter of 2011 was amazingly confusing . Whether it was mainland Europe’s so-called PIGS seemingly intractable debt crisis, ‘revolutions’ in the Middle East, or the political maneuvers by American politicians focused on while not dealing with the growing national debt that
2011 4th Quarter Rollercoaster Ride Read More »
Surprisingly winning traders success is not based on picking the right stock at the right time. Millionaires were not created from simply having a magic system for trading the markets. What is the secret sauce of long term successful traders? You might be surprised. #1. Having the right mindset to win in trading. (Trading Psychology)
These Two Things Will Determine a Traders Success in 2012 Read More »
Trading is not all fun and games. We do not make money every day and certainly not 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
Overcoming the Top 10 Pains of Trading. Read More »