Lose your money,but keep your discipline. Trading is about following a method, system, or rules that give you an advantage over other market participants in the long run. There are good bets and bad bets. There are traders who follow a trading plan with discipline and others that start trading out of fear and greed […]
Trading: Mistakes versus Losses. 10 BIG MISTAKES Read More »
Here is a great article that appeared in Investor’s Business Daily discussing the historical limits Apple can get above the 200 day moving average before a correction. Interesting reading but it may or may not help with your specific trading style, for information purposes only. CLICK ON YELLOW HIGHLIGHTS IN
The 200 day $AAPL Moving Average & When High Prices are Too High Read More »
The market is at a cross roads, we are either at the bottom of a bull market or the beginning of a bear market. The up trend is still technically in place but the bears are fighting to bring us into an official down trend. Below or five key price levels
The Line in the Sand For Bulls Read More »
Like in the movie ‘Fight Club’ where there was a secret group of ‘fighters’ that loved what they did there is also a group of ‘traders’ in the market that love what they do so much that they win. In the markets there is a club of traders that make
If ‘FIGHT CLUB’ Was About Trading, These Would Be The RULES Read More »
One of the most frustrating things a trader can experience is being dead on right about a trade, taking it, BUT.. still losing money! How can this be? This can happen in five different ways, each of the first four contain a lesson for better planning the fifth way
5 Ways To Be Right About a Trade BUT… Still Lose Money. Read More »
“Stay Hungry, Stay Foolish.” -Steve Jobs Is the Apple monster stock run of the century over? Has the Fox Conn labor problems and the Samsung Galaxy 3 finished off the once mighty Apple? Without Steve Jobs is it just over, due to no innovation and a decline? Or is this
How Far Will The Apple Fall From The Tree? My Entry Plan. Read More »
This blog post is an excerpt from my book New Trader, Rich Trader. “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” -George Soros While the longer term up trend is in place it is looking wobbly
The Good, the Bad, and the Ugly Charts Read More »
I am long Apple and Google going into Monday morning via in the money weekly options. I will not be one of those people fighting this tape. We are in an up trend, this is a bull market. Prices are going up not down, yes we could reverse, but we
My Thoughts, My Charts, My Picks Read More »
Many traders have not done their homework in understanding how the greatest stocks in history acted. How they created products that changed the world and both earnings expectations and real earnings drove these stocks up to dizzying levels. Traders that have not done the homework think these stocks are short plays and just can’t
Recipe For a Monster Stock Read More »