When politicians take over market sentiment and stray words by Washington leaders send the market moving suddenly in either direction instead of the laws of supply and demand dictating movement it is time to be careful. It is very possible before the fiscal cliff deadline is reached this month that we could both see a […]
My 5 Thoughts on Market Action & 4 Charts Read More »
“Make everything as simple as possible, but not simpler.”-Albert Einstein “Simplicity is the ultimate sophistication.” -Leonardo da Vinci My trading success has been a journey NOT of adding things to my trading, but subtracting. My success has always been with simplicity my failures in doing the overly complex. The more I added to my trading
The Top Five Things I Ignore While Trading Read More »
The vast majority of traders have a little voice that arises at times caused by greed and the ego I call “The Inner Trading Demon”. It can feel at times like this “Demon” takes us over and makes us do ridiculous things, especially when we are new to seeing hundreds of dollars come and go
The Inner Trading Demon Read More »
“The elements of good trading are: 1. Cutting losses, 2. Cutting losses, and 3. Cutting losses. If you can follow these three rules, you may have a chance” -Ed Seykota If a new trader comes into the markets with dollar signs in their eyes with nothing but excitement for how much they can make and
The 10 Lessons New Traders Need for Market Survival Read More »
Each successful trader has their own traits that enable them to make money in the markets, but every trader also has their own weaknesses and demons that they must battle and keep in check. Some rich traders were born to trade, they have about as much emotional attachment to a big position size as normal
My Strengths & Weaknesses as a Trader Read More »
Successful traders have to be very rigid and stubborn in some areas and yet flexible and quick to admit when they are wrong in other areas. Knowing when to be open minded and when to be stubborn is half the battle. Traders should have a very flexible mindset about which way a trade can go
Traders: When to be Flexible & when to be Rigid Read More »
Once you have had success in the markets with trading it is hard to give up and go back to your life before. The first time you make your weeks pay in one hour with your trading account it is hard to go back to your day job. Whether you trade part time or full
Top Ten Reasons Why I Keep Trading Read More »
Recently I have been searching for and studying the option strategies of the wealthy and retired author and trader Nassim Nicholas Taleb. In my search I stumbled across this great article that shares some of Taleb’s basic methods for trading options which are shocking and also how the legendary trader Victor Niederhoffer ended up completely
Trading: Nassim Nicholas Taleb Vs. Victor Niederhoffer Read More »
A trader’s number one job is NOT: Stock Picking Chart Reading Trend Following Entries Exits Understanding the market environment Managing Emotions Managing Ego A Robust Method Or even Discipline A traders #1 job is to be a great risk manager. While all these have there place for every successful trader the #1 thing that will
A Traders #1 JOB is….. Read More »
This blog post came from a discussion in my facebook trading group. It was originally shared by Vivek Ravindra Hardikar. He read this story in the starting part of a fine book on Pair Trading written by Ganapathy Vidyamurthy.Great Story, Great Book.. Here is the Story from that book.. ****Once upon a time, there were
Trading Against the Elephant Read More »