In golf, it’s better to hit a hole in one than sink a put at par. In trading, it’s better to get a great entry point and ride a trend for days, weeks, or months than to attempt to day trade something all day long. Some golfers sport nice golf clothes, use expensive clubs, and dish out advice […]
Why Golf is Like Trading Read More »
Thanks Shane Yates for the idea and material for this blog post. Enter the “trader zone”…. wait, wait, wait, wait- pounce…. “A lone lion usually has a hunting success rate of only 15%. Though during a night hunt, their success rate can climb over
How to Trade Like A Lion Read More »
“If you diversify, control your risk, and go with the trend, it just has to work.” -Larry Hite We often hear of trading with an edge, but how do we know for sure we have an edge in our trading? How do we know that the odds are in our favor, and
7 Ways to Trade With an Edge Read More »
Wile many traders love to trade through earnings and some even make money doing it I prefer to stay on the sidelines and let things work themselves out before I commit capital. I have played many trends into and after earnings but have rarely ever held through earnings. It feels to much to
5 Reasons I Don’t Hold Through Earnings Announcements Read More »
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Unknown When I was a teenager, I was fascinated with compounded return tables. They seemed like magic to me. I knew that at some point in the future, I could build up
Magic of Compounding Returns Read More »
40 steps in the trader’s journey from new trader to rich trader. They are as follows: We accumulate information, we learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. We begin to trade with our ‘new’ found knowledge. We make profits only to give it back very
40 Steps In The Trader’s Journey Read More »
Trading is Really All About Two Things Right Decisions and Wrong Decisions. Most people think they’re playing against the market, but the market doesn’t care. You’re really playing against yourself.” -Marty Schwartz “Pit Bull” It is not the markets that beat us, we beat ourselves. Successful comes from our ability to follow price
What Trading is Really All About….. Read More »
It blows peoples minds on twitter when they start a big passionate argument about why my trade is wrong and I just say, well if I am wrong I will stop out with a small loss and maybe reverse it if I get an entry signal to reverse. No big deal just
You Don’t Need to Be Nostradamus To Make Money Trading Read More »
The stock market is in a powerful uptrend, shorts were hurt last week in their positions. All short term moving averages are bullish with the 5-10-20 all over the next one. Ben Bernanke said what the market wanted to hear and it responded with a buying frenzy. Many leading stocks are making all time
Ten Reasons Why Bulls are Still Bullish Read More »
