Many championship sports team became champions by building the best defenses in their league. Why focus on defense? Why not focus on scoring points and offense? In sports I believe it is much easier to avoid your opponent from scoring in the first place than to have to play catch up. If a defense […]
Why Traders Must Play Championship Defense. Read More »
Today the equity marking had some of the nastiest action of 2013. While there has been many signs of bulls horns slowly cracking, today was a real trend changer, and it was fast. $SPY crashed from an attempt to break all time highs to finding support at the 20 day line in one day.
Breaking Bad $SPY $QQQ $IWM Read More »
A trader’s best friends are risk management, trading method, perseverance, self control, and passion. Here are a trader’s worst enemies: Stubbornness: Not cutting losses and sticking with a trading method that doesn’t work. Arrogance: Believing that you are smarter than the majority of market participants before being proven. Opinion: Opinions about the future are
A Trader’s Ten Worst Enemies Read More »
New traders make the mistake of focusing far too much energy and effort into entries. Entries do have to be good to give the trader the potential for a profit. Preferable risking $1 to make $3 and at the point where maybe a trend is starting. However the entry is really not the most
Trading is More Than Just Entries Read More »
In looking back at my historical trading results my big winning trades that I have banked and held on to were longer term trades. Even with trading weekly options the ones I was able to hold for almost a week or at least roll the profits over throughout the week were where my big returns
Some Advantages to End of Day Trading Read More »
Whenever somebody says “we’re in the business of making money,” make sure they also say “we’re in the business of managing risk.” — Michael A. Gayed,CFA (@pensionpartners) November 1, 2013 When it comes to the stock market, apparently money grows on QEes. — Michael A. Gayed,CFA (@pensionpartners) October
Top Ten Trading Tweets of the Week Read More »
While twitter can easily become a big waste of time on trivial things I admit. It can also be a powerful tool for instant information, learning, and growth. I generally follow between 40 and 50 people on twitter at any one time and I am very picky about who I follow. My tweet
Ten Things I Look For When I Follow Someone on Twitter Read More »
An entry does not determine profitability it only determines potential profit the exit is where the win or loss occurs, focus on that. A robust trading system means nothing unless you can follow it with discipline and self control. Charts don’t care about any one persons opinions why should you? Good trading will make
Ten Trading Aphorisms Read More »
“You adapt, evolve, compete or die.” – Paul Tudor Jones I do not trade the same way I did when I started actively trading the stock market in the late nineties. The market itself has taught me many lessons about keeping my gains and cutting my losses short. I have traded through one of
My Evolution As A Trader: 10 things that I have Learned the Hard Way Read More »
Here are ten questions to ask yourself to see where you are along your own path in the trader’s journey. Are you willing to exit your trade if it gets to a predetermined price level that indicates you are wrong about it? Are you structuring trades through position sizing and stop losses so
The Good Trader Survey: Ten Questions To Ask Ourselves Read More »