I prefer above all else to simply enter a position with a break out of a price consolidation to a new high. Preferably a hot growth stock with a new revolutionary product or service. But I will also trade anything that breaks out of a base into a trend,like gold, silver, oil, sector […]
This Is How I Trade Read More »
These questions were sent to me by a very intelligent, hard working, professional trader. She agreed to let me share them with my blog readers. I think some readers may find value in the answers based on my own journey and learning the hard way. 1. On your weekly puts from Thursday January 3rd, only
Here are 13 Questions About my Trading Answered Read More »
Here are two trading book reviews that I wrote for Amazon. These are two books that contain the principles that can take a reader to the next level in their trading. These books are based on the thousands of hours that Michael Covel put into studying the best money managers in the world through interviews
Two Trading Book Reviews, Two Free Kindle Editions Read More »
The biggest reasons that new traders do not make progress quicker and become more profitable faster is that they do not truly apply a strong work ethic to their trading education. Many of us when we were new just fiddled with trading. We would get excited and look at some quotes, and maybe talk to
Don’t Trade Lukewarm Read More »
I have grouped my best blog posts of the past under different topic areas. Each blog title listed is available on this website. You can search for these blog titles directly on the website in the search box to find topics you are interested in. Risk Management Risk Management in 1 Lesson 7 Things Trader’s
New Trader University Blog Table of Contents Read More »
I love trading liquid weekly options, they are amazing tools if used correctly. Weekly options give a trader leverage, risk management, asymmetric trades, and the ability to make triple digit returns on capital at risk. I know of no other tools that have such upside and limited downside. And many of the weekly options like SPY, IWM, QQQ,
The Power of Trading Weekly Options Read More »
There are young people in the market that are really bad traders and there is also old traders that are very good, but there are no old bad traders in the market because they went broke and gave up a long time ago. You might be a bad trader if………. …your primary method
You Might Be A Bad Trader If…… Read More »
“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 »
The strange thing about trading is the vast majority of traders lose money. Most studies put it at 90% as the amount of traders that are unprofitable in the long term. How can this be? The majority of traders are trading on emotions and predictions instead of what
10 Ways I Trade With the Winning 10% Read More »
Well here we go, Apple earnings on Tuesday. How am I going to play it? From the sidelines. Why? Because for me the money is in the run up to earnings due to earnings expectations which ended abruptly last week. I do not hold through earnings, for me it is
Apple Earnings: Gambling? Read More »