When I unfollow someone on twitter it is nothing personal, that account just does not match my style of trading and is not helpful to me in my learning and growing as a trader. I really lean towards the big picture in trading with risk management, trader psychology, and robust systems. I believe […]
10 Reasons I Unfollow People On Twitter Read More »
For anyone watching the Super Bowl Sunday we got to see a #1 ranked defense completely shut down a #1 ranked offense. In Super Bowl history 5 times a defense ranked #1 in the regular season has faced a team ranked as the #1 offense
10 Reasons Why Great Defense Wins Super Bowls & In Trading Read More »
You Will Eventually Blow Up Your Trading Account If…. You consistently trade huge position sizes in volatile trading vehicles. You enter a trade with no exit strategy. You care more about being right than making money. Your emotions fluctuate wildly with your
You Will Eventually Blow Up Your Trading Account If…. Read More »
Looking back at my early success in the stock market in the late nineties and even in the early 2000’s with the level of knowledge I had then at first glance at my returns I thought I was just lucky. However
Ten Personality Traits That Have Always Saved My Trading Read More »
If you are a trader then you should never lose more than 1% of your total trading capital in any one trade through the use of position sizing based on volatility and stop losses. Don’t fight a down trend: only take high probability entries with great risk/reward ratios. Stick with your trading plan this
How A Trader Can Stop The Bleeding In A Downtrend Read More »
The stock market is still in a long term up trend by staying over the 200 day sma. In the short term down trend the 100 day ema has acted as support. The $SPY price action has been under the 5 day ema for 7 days and has acted as end of day resistance.
Ten Fast Facts about the $SPY Chart Read More »
Down, then up, then down. Market a bit confused. DIRECTION DOWN, FULL HEDGES still in place. Enjoy the ride or in tweetland maybe ETR? — Tom Basso (@basso_tom) January 31, 2014 $AMZN weekly 390 puts sold 3/4 @ 24.28!! — DK1 (@canuck2usa) January 31, 2014 Or one could just trade price: "@jimcramer Darn futures really
My Favorite Trading Tweets of The Week Read More »
Don’t trade your opinions trade a carefully written trading plan that expresses a methodology with an edge. Don’t trade your emotions trade your quantified entry set ups. Stop exiting when your scared and exit with your trailing stop is hit. Only trade
My Ten Pieces Of Advice For Trading This Market Read More »
What school of trading will you be studying? CAN SLIM, Trend Following, Gann, Fibonacci, Darvas, Day Trading, Swing Trading, etc. or a hybrid? Knowing who you are as a trader is the first step. Quantify your trading methodology
Ten Simple Things New Traders Need To Be Doing Read More »
Last week a lot of traders and investors got hurt in their trading accounts. With the market going from trying to break out to new all time highs to crashing through the 50 day in three days there were the quick and there were the dead. The very best traders I know made money due
MY Ten Observations About The $SPY Chart Read More »