Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. Their signals are generally entering out of greed and exiting based on their own fear. They believe in their opinions more than the […]
Are You A Subjective or Objective Trader? Read More »
There are five key things that make all the difference in profitable trading: Focus on a system with bigger wins than losses, big wins makes robustness a much easier thing to find. A 1:3 risk/return ratio makes it much easier to be profitable even with more losses than wins. Trade in the direction of
Five key things that make all the difference in profitable trading Read More »
In years to come traders and investors will look back at the Tesla chart in hindsight and think how easy it was. Those that traded it will know the reality, that this was a very volatile, choppy, fast moving, gapping up and reversing stock in real time. This was no easy trip to the
The Five $TSLA trading strategies that have worked so far: Read More »
Poker is one of the very few casino games that’s like trading. Unlike other games where the casino keeps the odds in their favor, in poker there are many ways to get an edge over other players at the poker table. The way you play the odds can give you an edge, folding on bad
20 Poker Quotes that Apply To Trading Too Read More »
Until recently, the high speed nature of trades in certain financial investments such as CFDs and forex meant that only those in banks with specialised equipment could take advantage of the fluidity and flexibility of these sorts of investments. However, now that just about every home and workplace has a high speed broadband connection,
Top Tools for Electronic Trading Platforms Read More »
Forex – or foreign exchange – is a type of financial trading that was once exclusive to traders in stock exchanges with direct access to the latest exchange rates for up-to-the-minute deals. However, the advent of the internet has changed all that. Now anyone with a computer and a fast internet connection can
Making a Start in Forex Trading Read More »
With all the experiences I had trading Apple options from the long side on Friday over the past few years both with big wins and frustrating losses I decided to truly do a back test to see if the pinning action was as bad as I imagined. In some ways it was, with
Apple Friday Price Pin Statistics Since the Weekly Options Started Read More »
Disciplined Traders Emotional Traders Trade a defined trading plan. Trade based on emotions. Manage risk. The more confident they are the bigger the trade. Exit based on predetermined stop. Exit due to fear. Enter based on a set up. Enter based on greed. Exit a
Disciplined Trader… Emotional Trader… Which are you? Read More »
If you took a penny on the first day of the month and doubled it every day for that month (all 30 days), how much would you end up at the end of the month? One cent, two cents, four cents, eight cents…. but at the end of day thirty you end up with $5,368,709.12!
How Much does A Penny Doubled Every day for a Month End up Being? Read More »
Here is a discussion that happened in my trading group this weekend. Mr. Hertel was kind enough to let me share it with my readers. I think it really answers the core question for New Traders on how to get started trading in a systematic way. For anyone interested in joining a high
What to look for in a Trading System (GUEST POST) Read More »