I want to like TSLA, I want to be that guy that bought it as it broke out to new highs but I can’t. This stock is all technicals and chart and no fundamentals nor will it have any for a very long time. This is the definition of a bubble and the madness […]
A Fake Monster Stock? $TSLA Read More »
I really enjoyed this book because it shows real life examples of investors and traders who made huge gains following the principles and strategies of William O’Neil’s book “How to Make Money in Stocks” and the paper Investor’s Business Daily. Somewhat like the “Market Wizards” series from Jack Schwager, author Amy Smith distills the principles
The New Book I Call “The CAN SLIM Wizards” Read More »
Jesse Stine has audited results of turning $46k into $6.8 million in 28 months (14,972%). As far as he knows he is the post internet bubble record holder among retail traders. Dan Zanger still holds the world record. This book is a tale of blow ups and making millions. I believe fans or Jesse Livermore
A New Modern Day Jesse Livermore Read More »
What trips up the vast majority of traders, so they never quite make the transition from new trader to good trader? Not being able to deal with the stress of trading. This is caused primarily from a lack of faith in themselves, and or their method. They lack the ability to pull the trigger
Successful Trading: How to Put it All Together Read More »
Everyone has heard to “Let winners run and cut your losers short” but what does that mean? The core of this statement is positive expectancy. If you trade a system that has a positive expectancy then you will make money the same way that casinos make
The Missing Key To Trading Success That Few Understand Read More »
Here are seven reasons why being on twitter, facebook, stock twits, Linked-In, tumblr, YouTube, Amazon, and Google+ may be a very valuable use of our time as traders, if we are doing it right. Trading Buddies: Traders primarily come to social media for camaraderie. Today’s trading from home leaves a void that use to
7 Good Reasons Why Traders Should be on Social Media Read More »
The good news for bulls is that the world’s most obvious 50 day bounce happened that triggered the re-entry of traders to the long side and the short covering from bears once their target was reached and reversed. The SPY also overcame the pesky 10 day sma that had acted as resistance for 9 out
My Quick Thoughts on Three Important Charts $SPY $AAPL $GOOG Read More »
Trading is not all about just stock picking, it is not just about a winning system. Yes, first you have to understand how to trade and put the odds in your favor of winning, but that is not enough. You must also add in risk management so when you lose several times in a
How to trade in 3D Read More »
These is one of the key trading lessons that really helped me understand risk management long ago. This is one of the keys to successful trading, viewing risk as your metric for trading. This article was originally published on the Van Tharp Institute’s Web Site. Risk and R-Multiples Knowing when you’re going to exit a
A Market Wizard on Risk Management Read More »
Traders repent of your sins. At least that’s the message that Ruth Barrons Roosevelt preaches in her book “Overcoming 7 Deadly Sins of Trading“. If you want to be successful in trading you must overcome the desires of the ego and the quest to be right. You must give up your own endless pursuit to prove
Overcoming the 7 Deadly Sins of Trading Read More »