As a trader, your #1 goal is to keep your current trading capital safe and secure. Your goal as a a trader is to make money and not lose money. Many new traders lose their trading capital in the first year, but these ten tips will help you keep your capital intact so you can […]
Capital Preservation: 10 Trading Tips Read More »
Introducing the Free Monthly New Trader University Newsletter! The signup is at the bottom of this site. Receive my monthly email newsletter by entering your e-mail in the space provided and clicking subscribe. Once a month you will receive: Past trade: A trade example step-by-step of my best trade of the month. Current Trade
The NewTraderU Newsletter Signup Read More »
Trade #1 I shorted $IWM three days ago by buying $TZA at $13.02 when $IWM was near the 70 RSI on the daily chart. My stop loss was to exit if $IWM closed above the 72 RSI. My trailing stop is to stay short unless $IWM closes above the previous day’s high. There is
3 Trades Explained $DIA $IWM $SPY Read More »
chart courtesy of stockcharts.com The long term up trend is still in place. All indexes are with-in striking distance of all time highs which remains bullish. $SPY $QQQ $IWM $DIA With all stock indexes pushing against the 70 RSI on the daily chart the potential upside is very limited putting the odds on limited momentum
$SPY Chart With 10 Facts 11/16/14 Read More »
Trading Rules From A Professional Trader: Richard Weissman 20 Golden Rules For Traders by Alan Farley Dan Zanger’s 10 Golden Rules The Art of Trading: Golden Rules. From @TraderStewie Dennis Gartman’s 22 Rules of Trading
5 Links to Great Trading Rules Read More »
Are you trading without a plan? Trading without a plan makes you emotional and a gambler. Do you ever trade too big for your trading account size? Big trades are bad trades for the emotional engagement and risk of ruin that they entail over the long term. Do you risk losing more if you
10 Trading Mistakes: Are You Guilty? Read More »
1. Good trades are generally winners from the very start. 2. Good trades do not take a lot of thinking about; they are triggered through robust entry signals. 3. Good trades aren’t really stressful. With the right position sizing and entry level it should not cause high stress but instead confidence in your
How You Know It’s A Good Trade Read More »
In my Facebook trading group, I asked the question: “What is your most important trading rule?” As usual, I got a ton of great answers. The most common response was: “Always follow your trading plan.” followed by “cutting losses”, and “keeping losses small.” This should hit home for new traders. If you do not have a
16 Important Trading Rules Read More »
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
The 17 Differences Between Good Trades & Bad Trades Read More »
A breakout into an overbought price level as measured in the historical context of an oscillator. This is almost always a bad trade. $SPY breaking out into a 65 RSI is not the same as it breaking out of a long term price range, to all time highs over a 50 RSI. Buying a breakout
Breakouts: When To Buy Read More »