The Power of the 1% Bet One of the most powerful principles that makes me a successful trader is not stock picking, a specific indicator, or a trading holy grail. What allows me to win and stay in the game is that my top priority is to only risk 1% of […]
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With real money on the line, a new trader will discover that live trading is not the same as books or simulated trading. One of the top three things that will determine the success of a trader is the trader’s psychology. The weakest part of any trading plan is the trader himself. Stress can knock a
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The debate rages about whether facebook is hype or the big winning stock of this decade. Whether it is a whole new form of communication that is changing the world or just a fad. The debate rages whether its earnings and revenue growth can appease Wall Street or if they have even begun
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The trader that changes survives. Stubborn traders do not make it very long in the markets. The first time they are wrong in a big trade and refuse to cut their losses they are ruined. A perma-bull in a bear market loses money as does a perma-bear in a bull market. The market is the
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If I was a trading doctor, I would look for these 10 symptom in a trader before I diagnosed them as being greedy. Greedy trading can result in blindness to danger, dizziness for profits, and a loss of trading capital. Look for these ten warning signs : Greed causes the trader to only look at
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Linda Bradford Raschke – 50 Time Tested Classic Stock Trading Rules by Olivier on December 20, 2009 Last posted in Tischendorf Letter Shout-out to LeRoy Gardner. He posted these rules a while back on his blog. Ms. Raschke was recognized in Jack Schwager’s critically acclaimed book, The New Market Wizards. She produces six
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With the wild action in the market it is more important than ever for us not do stupid things in our trading. While the market is trying to digest what a socialist president means for France and a Greek political fracture means for Greece’s future in the European Union we need to tread carefully. The
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There are times in the markets where risk management is far more important than profits, keeping the capital you have safe more important than growing it. I believe this is one of those times with volatility growing, uncertainty increasing, and many types of traders seeing profits evaporate and losses mount quickly. This is a great
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Why does a junk stock rebound when you think it is going to zero? Why does a monster stock that you think will run another 100 points based on fundamental valuations suddenly fall 20%? Why do stocks that have blow out earnings then fall 5%? What is going on? What causes trends to go farther
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After 200+ trading books and 13 years of trading that has accumulated some nice 6 figure profits I have many things that I have decided on in my trading. I am a discretionary rule based trend follower. I have found that I have a knack for seeing the big picture
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