Here are seven pieces I would give to my younger self if I could travel back in time 25 years. Slow down, you don’t have to be in a rush to put real money at risk. The market isn’t going anywhere. Read plenty of trading books before starting to trade. It is money well spent […]
Trading Advice to My Younger Self Read More »
Here are the seven most common errors traders make in a bull market. They wait for a correction to get long that never happens. So they end up missing a big part of the up trend. They do not get long with a big enough position size or enough leverage so they end up underperforming
7 Errors Traders Make in Bull Markets Read More »
There’s a lot.. but one the worst things is have too much success too early and get overconfident. — Drew Marshall (@DrewDoesBiz) October 31, 2017 Believe the macro bear is making the same trades he’s preaching. — Graydon Britton (@graydonbritton) October 31, 2017 Buy DRYS — Rjwalz (@Rjwalz666) October 31, 2017 Sell naked call options.
The 10 Scariest Things a Trader Can Do Read More »
Trading when the odds are in your favor is trend following. Trading with the odds against you is gambling. Many of the same people that think trading is gambling or that the options, futures, and stock market are too risky are the same that will not hesitate to buy a Powerball ticket, scratch of f
How to Trade With the Odds In Your Favor Read More »
I began building up my capital in 1992 and started as simply a buy and hold investor. I have evolved over the years into a swing trader and trend trader and also used options. It has been a great run. After the volatility and crashes of 1998 I really stopped investing and started ‘trading’ in
20 Trading Lessons in 20 Years Read More »
Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, having conviction, reading a balance sheet, or stock picking is not on here. Over the long term the trading game is won through proper risk management, mental discipline, and the ability to create and follow a
Ten Ingredients That Make Great Traders Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. It has been a while since I last posted. I have been doing some soul searching, exploring previous trades that went wrong and how I could have improved the accuracy of my entries and exits. The
How Does A Trader Grow? Read More »
Trading is a numbers game more than anything. Here are seven crucial numbers and statistics that a serious trader needs to set expectations around and know. Some can be found through historical backtesting, some can be controlled, others give the trader a target to aim for. Once a trader understands these numbers and does the
7 Trading System Numbers To Know Read More »
Trading with no stop losses. You can’t control your profits but you can control and limit your losses with a planned exit. Not having an exit plan can be very expensive when a trend starts against your position and you start hoping instead of just cutting your losses and moving on. Your opinion can be
7 Expensive Bad Habits of New Traders Read More »
If you have a winning system with the right risk management you can still fail to be profitable if you do not have the right trading psychology to trade it with discipline. If you have a winning system with the right trading psychology you can still fail to be profitable by blowing up during a
Profitable Trading Explained Read More »