All traders have both wins and losses regardless of their strategy and system. Much like in sports traders don’t succeed on every trade just like baseball players don’t hit every pitch and basketball players don’t sink every basket. Trading is a game of win rate and positive expectancy through bigger wins than losses on average. […]
Warren Buffett is a voracious reader, he said that he had read every book in the Omaha public library by the age of 11. He is huge believer in continued reading and learning all your life and to never stop growing your knowledge base. This is one edge he has as an investor, chairman, and
Warren Buffett: 11 Books That Made Him BILLIONS (Must READS) Read More »
Candlesticks are a type of chart setting available on trading platforms that creates a visually representation of price action on a time period. A candlestick shows a contrast between the opening and closing prices along with any range outside the open or close. They are colored to show bullish or bearish action. The three primary
Candlestick Charts: The ULTIMATE beginners guide to reading a candlestick chart Read More »
Trading psychology is the emotional and ego elements that enter into buy and sale decisions during the decision making processes of buying and selling along with how big of a position to take. Humans are emotional beings and don’t always act rationally. Crowd behavior is what causes the huge asset bubbles that become far removed
Trading Psychology: Why Normal Doesn’t Make Money Read More »
A list of the current highest short interest stocks can be a great place to look for potential deep dip value buys. The most shorted stocks on major U.S. stock exchanges is also a good list to watch and stay updated on for potential short squeeze opportunities. The higher the short interest percentage rises in ranking
Highest Short Interest Stocks 2022: August Update Read More »
A plan quantifies intentions or decisions about what you are going to do ahead of time. It is a map or decision tree that acts as a guide as things play out. A strategy is the science and art of employing plans or stratagems toward a goal. A strategy is an integrative set of choices
A Plan Is Not a Strategy Read More »
Moving averages are technical trading tools that can help identify trends on different time frames. They can replace opinions and predictions for making trading decisions by being used as signals. Moving averages can identify trends and swings in price action in real time also signal range bound markets when they go flat with no directional
BEST Moving Averages for Crossover Trading Strategies Read More »
At the time Michael Burry first warned about inflation it was still under the Federal Reserve’s target rate of 2%. When Burry turned bearish in early 2021 he was in the minority, as most people in the financial world were bullish and central banks and politicians believed inflation was transitory. Since then, inflation has now
Michael Burry’s Latest Warning For The 2022 Recession Read More »
By Scott Redler What is your goal as a trader? To make $1,000 a month? $1 million a year? No matter how big your goals are, you have to start by not losing. You have to start by avoiding common mistakes that can take away your money, your confidence, and your pride. So let’s go
13 Reasons Why Traders Fail Read More »
Jesse Livermore is one of the most fascinating trading legends in history. His rise from humble beginnings to the peak of trading success and his multiple bankruptcies and final ending has fascinated people from his own time until today. In his teachings we can learn what to do in the markets to make a fortune
Legends of Trading: The Story of Jesse Livermore Read More »