When you follow your Trading Plan and allow it to be your boss instead of your ego or emotions, you will relax, confident in your knowledge and understanding. No one trade will have a substantial negative impact, because you know that your strategy will win in end. With a disciplined plan, you will be forced […]
When Your Trading Plan is the Boss… Read More »
Most traders that fail and leave the markets never learn the lessons that the market was trying to teach them. In all likelihood there were four horsemen that rode through the trader’s account, leaving lost battles, pestilence, famine, and destruction in their wake. What brings this doom upon a trader’s account? It is the
The 4 Horsemen of the Failed Trader Read More »
What trips up the vast majorities 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
Trading: The Key to Everything Read More »
Let me introduce my readers to “Trader Steve” a successful trend follower and blogger from the United Kingdom. He was nice enough to give me an interview for my blog readers. Steve is a trend following trader that pulled off the feat of being profitable in both 2008 as the market was on the
My Interview with a Successful Trend Follower Read More »
What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is an summarized excerpt from Jack D Schwager’s book,
The 42 Keys to Market Wizardom Read More »
This book may be one of the greatest trading books ever published. Jack Schwager set about interviewing some of the world’s top traders in 1988 and the principles these traders were kind enough to share has stood the test of time. These were not one year wonders these traders
Market Wizards in a Nutshell Read More »
If you want to be a winner trading in the long run there are THREE things that you must do. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader.
The Trifecta of Trading Read More »
This past year has been just like the chart studies I have done. Using the $SPY as the market filter in late December 2011 we had a break above the 200 day then a retest with support, we had confirmation of an up trend beginning in January 2012 with
This is What a Down Trend Looks Like Read More »
For me the best indicator of a trend is simply price action as measured through using moving averages. Moving averages capture trends visually for the trader, going higher or lower based on the price itself. No only does the power of moving averages lie in their power to measure price trends but they are followed
The Most Simple Trend Indicator Read More »
The only place luck has in trading is that you will hopefully be on the right side of unexpected moves due to surprises. In trading you should trade in such a way that good luck will benefit you and bad luck will not destroy you. In my trading luck has
How To Make Your Own Luck in Trading Read More »