We know we have to manage our trading system. Our entries and our exits and our mind. But how much pain can you manage as a trader? Traders just like entrepreneurs have to manage the pain of losses, set backs, and battle to remain confident in themselves and their ideas even when their is little […]
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Here are ten mistakes traders make that are eventually their undoing. I have made almost all of these mistakes with zeroes on the end at times. It takes years to learn these lessons and they are usually learned only the hard way through the financial pain of losses and the mental pain of being wrong.
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The weakest part of any trading method is the trader themselves. There are many, many, robust trading systems and methods that do make money in the long term. The problem is the trader having the discipline and mental toughness to trade one of them consistently. The vast majority of time it is not a system
The Weakest Part of any Trading System… Read More »
This is a Guest Post by Alex @MacroOps which was originally posted here: Lessons from a Trading Great: Jesse Livermore “Boy Wonder”, “Boy Plunger” and the “Great Bear of Wall St.” are a few of the monikers Jesse Livermore was known by. Livermore was immortalized in the trading classic Reminiscences of a Stock Operator by
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The stock market seems to be correlated to going down when the probabilities of Trump being president go up and going up when the probabilities of Hillary being president go up. The $SPY is already in oversold territory closing with a very rare 29.30 RSI. We are near the bounce and rally zone the danger
Election Day $SPY Levels 11/6/16 Read More »
9 tips, tricks and tools that will make anyone a better trader Authorities Break Up Active Management Cell Our Trading Psychology Follows From Our Trading Habits Options Expiration: 6 Things to Know
Top Trading Articles: Week 11/5/16 Read More »
Followed my trading plan today but closing the day with a loss. Loss management is a big part of trading. Live to fight another day — traderstewie (@traderstewie) November 3, 2016 Even though indices have pulled back in the last 2 weeks, they aren't fully portraying the brutal carnage I'm seeing in individual stocks —
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We talk a lot about the importance of trading plans, but it has occurred to me that plans may be where many of us are coming up short. Merriam Webster defines a plan as a set of actions that have been thought of as a way to do or achieve something, or something that a
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Here are principles from Dana Glante from the Stock Market Wizards book by Jack Schwager on how she made double digit returns year after year from her short only trading strategies even in bull markets. Steve Watson in the same book contributed the last one. 10 RED FLAGS: High receivables (large outstanding billings for goods
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Here are five market participants that are arguably the greatest traders and investors of all time when you look at the size of their wins, how famous they are, the duration of consistent returns, and the magnitude and brilliance of their greatest trades. George Soros gained international notoriety when, in September of 1992, he risked
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