Do you want to drastically improve your trading? Simple, TRADE SMALLER, risk less, cut losses sooner, but still let winners run. The 1%-2% maximum risk per trade rule can dramatically improve your trading by limiting draw downs and still leaving the upside open for big winners. When you risk smaller amounts of your […]
7 Reasons Why Trading Smaller Is Better Read More »
Ten Golden Trading Rules That Can Help New Traders Never add too a losing trade. In adding to a losing trade you are already wrong but now become more wrong with a bigger trading size. Adding to losers makes you a counter trend trader that usually ends badly. Never lose more than 1% to
Ten Golden Trading Rules That Can Help New Traders Read More »
Most of the best traders I have read about and know of personally do not predict what will happen they trade what is happening. New traders always want to predict, they want to argue about their beliefs and why something must happen or will happen. Most rich traders are rich because they are
Reacting versus Predicting in Trading Read More »
$SPY was able to trade above the 10 day for 4 straight days which was previous resistance. For six days the 100 day held as support before $SPY made a run for the 50 day. For Four straight days $SPY has made higher highs each day versus the previous day. Last week $SPY successfully
A Dozen Fast Facts About The Current Market Action $SPY Read More »
A lot of trading is counter intuitive when it comes to price action. Also a lot of things that new traders see leads them to believe that there is some magic short cut to success. If trading was really as easy as so many subscription services try to sell it as then there
Don’t be Fooled: Here is What Successful Trading is Not: Read More »
Over the past few years, I have seen many people pass away that I knew well that were still only in their 40′ s or 50’s. It has been almost 8 years since one of my favorite Facebook friends passed away suddenly. The thing I have come to realize after having my 40th birthday, is that
A Trader’s Most Important Question Read More »
Before there was the U.S Dollar acting as the world’s reserve currency there was an almost universally accepted form of money since the beginning of recorded history: GOLD. Paper currencies were originally pegged to gold to give them value. The bearer of the originally paper currencies could exchange it for precious metals, that
The World’s Real Reserve Currency Read More »
SPY has closed below the 10 day sma for 16 straight days now. I prefer to play the long side when we are trading above the 10 day sma. I could take a long position with a close above this 10 day line. We may get this on Tuesday with the looks of
Ten Fast Facts About $SPY and This Market Environment. Read More »
Trading is one of the few professional fields where anyone can go against professionals very quickly and easily by simply opening a trading account. There is no college required, no degree, or apprenticeship needed before a new trader steps up to compete in the world markets against seasoned traders and professional money managers. The 10%
Ten Errors That New Traders Make All The Time Read More »
In my short term trend trading I like to ride winning trends that emerge through key long term resistance and support levels by trailing the trend trade with a short term moving average. My two favorites are the 5 day ema and the 10 day sma to use as my trailing stops in a long
Tesla’s Magic Support Line Since March Read More »