The battle for trading success primarily takes place internally for the trader. The external results of long term returns are generally caused through behaviors that arise from within the trader themselves. Most successful trading systems arise due to the discipline of the trader to do the work to create the robust system. Robust trading […]
Trading: Where The Battle Really Is Read More »
In trading, the past is where you go to test ideas. Studying past price data will reveal historical patterns and trends. You will see how the emotions of fear and greed can effect financial markets causing things to move far beyond what should be possible based
The Three Primary Time Frames Traders Have To Consider Read More »
After the long run up from the recent bottom the risk/reward has shifted against the bulls. The downside risk of a pull back is greater than the potential upside for bulls to gain more profits at these lofty levels. In the short term time frame $SPY has begun a trading range with basically a $199
Ten Fast Facts About the Current Stock Market Read More »
Psychology: The Five Trader Personality Types, Which One Are You? Mental Model: Circle of Competence The Essence of a Trading Process Goals vs. Systems Why Being Yourself Is The Key To Being A Successful Investor
Five Great Trading Articles For Weekend Reading 8/30 Read More »
$SPX 2000. That's bearish, obviously, just like all the previous new highs were. — Jon Boorman, CMT (@JBoorman) August 25, 2014 Show me a system that is historically 95% accurate and I’ll prep for a huge drawdown. — David Stendahl™ (@David_Stendahl) August 28, 2014 "Need small-caps to find a bottom" Check "Need financials to lead" Done "But high-yield" Fine "Need participation
Top Trading Tweets of the Week 8/29 Read More »
My entries for my last $SPY trade was at the end of day on the reversal up day off the 30 RSI near the $193.30ish level then the next day I added at the end of the day on the gap up near the $194 level. I took a half of my full account position
Five Reasons I Sold My Stock Index Positions Today Read More »
Always have a reason to get into a trade, and then a reason to get out of one. Having a trading plan gives you an edge over the traders that use emotions, predictions, and opinions to make trading decisions. Your original stop loss is hit at a price level that shows your original entry was
Ten Reasons to Exit a Long Position Read More »
The trader’s biggest enemy is their own EGO. Ego: a person’s sense of self-esteem or self-importance. 1. The new traders with big egos always have but confidence in their trading ability before developing competence in trading. New traders that trade before educating themselves are ignorant of their own ignorance. 2. Ego driven traders think they
A Trader’s #1 Enemy is ……… Read More »
Stop trying to predict the future, it does not exist. Play the current probabilities not a prophecy. Quit holding on to losing trades when you are proven wrong. If you want to be profitable in trading you better have small losses. Trying to pick tops and bottoms is a low probability trade. Trading with a
The fact that the endless stream of scary news about ISIS, Ukraine, Gaza could not phase this market remains bullish. The market was able to go through the FED minutes and Jackson hole without the volatility most expected. It is the same old thing, the FED has the Bull’s back. Currently at this point in
Ten Fast Facts On The Current State Of The Stock Market Read More »