“There is nothing more important than your emotional balance.” – Jesse Livermore While taking losses is always uncomfortable, Taking them based on a predetermined exit strategy takes away some of the mental pain. Cutting losses when you know you are wrong also limits the size and extent of the loss and the severe pain of […]
5 Keys to the Mental Game of Trading Read More »
Apple appears to currently be at a crossroads after today. The Foxconn riot and the 5 million iPhone 5 ‘s sold did not inspire more longs to come in. The stock grew more volatile and could not find its way. The 5 day ema which acts as support in the
The $AAPL Chart Action & Where I Want to go Long Again. Read More »
I am long Apple and Google going into Monday morning via in the money weekly options. I will not be one of those people fighting this tape. We are in an up trend, this is a bull market. Prices are going up not down, yes we could reverse, but we
My Thoughts, My Charts, My Picks Read More »
Many traders have not done their homework in understanding how the greatest stocks in history acted. How they created products that changed the world and both earnings expectations and real earnings drove these stocks up to dizzying levels. Traders that have not done the homework think these stocks are short plays and just can’t
Recipe For a Monster Stock Read More »
Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House Anyone who has driven down the strip in Las Vegas can tell who is rolling in the money – the Casinos! Why do gamblers keep going back, despite losing the majority of the time? A combination of misplaced hope, fantasies about
Trade Like A Casino, Not A Gambler Read More »
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 »
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 »
Apple is a strange animal. We have one of the world’s biggest market cap stocks at a value stock price with growth stock earnings. Apple itself is asymmetric, with all the naysayers continuing to believe that it is too big to grow and that it must stumble eventually we are sitting with a
My Thoughts on 3 Charts Read More »
“Bear markets have no supports and bull markets have no resistance.” -William Eng Two big mistakes new traders make is to short a monster stock at all time highs believing it has to go down or going long a stock in a death spiral because it just can’t go any
A Tale of Two Types of Stocks. Rockets & Anvils Read More »
“You adapt, evolve, compete or die.” – Paul Tudor Jones I do not trade the same way I did when I started actively trading the stock market in the late nineties. The market itself has taught me many lessons about keeping my gains and cutting my losses short. I have traded through one one
Trader Evolution: 10 things that I have Learned Read More »