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                                                                                                                                                                                                                                                                                                                 Today’s blog post comes straight from a great discussion out of our facebook trading group New Traders, Rich Traders, & Good Traders. Thanks to Andrew Rocco for the original post and also Matthew Smith,and Travis James for their insightful comments in our trading group. Here Are The Ten Common Mistakes New Traders Are Making: […]

This year one of the most profitable systems with the smoothest rides has been simply to buy and hold an equity index. Even the big cap S&P 500’s $SPY ETF is up almost 27% at this point. I am sure there are many new traders that were rewarded for simply being biased to the long

                                                                                                                                                                                                                                                                                                        I do not think traders really start making money until they really mature as traders and understand the big picture. I have been on this journey myself and went through the wild excitement of the the internet bubble, day trading and the experience of making a few hundred dollars in a few minutes the

                                Making mistakes in your trading is not cheap. Here are the ten most expensive things a trader can do. This does not apply only to new traders, even professionals with long track records can make these fatal flaws and

                                                                                                                                                                                                                                                                                                            In the past few years I have been on social media I have had the privilege of  interacting with many great traders. Some communication has been through facebook messages, some through my trading group, others on twitter. Here are the traders that I have witnessed make profitable trades on a consistent basis through

                                                                                                                                                                                                                                                                                                           Many of the new traders that leave the markets with a bad experience are the ones that could never grasp the concept of reacting to what is currently happening in the markets versus their desire to know what is going to happen. The new traders that look for gurus to predict the future,

                                                                                                                                                                                                                                                                                                       There is one huge difference between the winners and the losers in the market. New traders tend to go ‘all in’ on trades they are just sure will be winners. If a new trader wants to be around long enough to be a rich trader they better manage their risk per trade. Here is

Last week Thursday rocked the bulls hitting stops and making everyone think that was the yearly top, it ended up running the full trading range breaking from a new all time high and falling all the way back to the 20 day but holding. Then Friday it moved wildly after the payroll report in the

                                                                                                                                                                                                                                                                                                       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

  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.