Many traders and investors make the mistake of trading and investing only in equities. While the stock market is a very popular place for retail traders and investors to use for their capital it is not the only game in town. Equities are just one asset class. Stocks are the place to be when their […]
Some Dangers of Correlation & Benefits of Diversification in Trading Read More »
What exactly is your entry signal going to be? Based on what back testing or trading principles? Will you wait for a move in the direction of your trade or buy based on a technical indicator? Will you have better odds of success buying dips in bull markets and shorting strength in down trends? Risk/Reward:
Ten Questions To Ask Yourself Before You Enter A Trade Read More »
The following is a book review I first published on Amazon for the book “Mastery”. I felt like it was written just for me. I have always enjoyed reading the biographies of successful people that mastered their fields of endeavor like Thomas Edison, Henry Ford, Leonardo Da Vinci and many others. I have read many
How To Pursue Mastery Read More »
SIGNALS: A break out to a new high or low price out of a price base. The market rallying on bad news or falling on good news. A gap in the direction of the current trend. The huge majority of all traders are in agreement for a long period of time. The traders on the
Trading The Signals Versus Trading The Noise Read More »
The stock market is in a up trend on all time frames and across all indexes. Overbought indicators are not working for swing short trades, there is currently no long term resistance. Shorting indexes has been punished since the break out to new all time highs making shorts more reluctant to try again. Traders that
A Dozen Things The Charts Are Saying Now $SPY $QQQ Read More »
Psychology: What’s Your Trading Brain Type? 10 Things I’ve Learned About Trading Over The Past Decade The Mindset of Trading Success High Probability Trading by Marcel Link 7 Reasons Why You Will Never Do Anything Amazing With Your Life
5 Great Trading Articles For Weekend Reading Read More »
The only one capable of answering which trading strategy is “right” or “wrong” is the trader. The answer depends largely on psychology. — Michael Lamothe (@MichaelGLamothe) July 2, 2014 There’s no single “right” or “wrong” trading strategy but there are “right” and “wrong” trading strategies for each trader. — Michael Lamothe (@MichaelGLamothe) July 2,
Tweets of the Week – 7/4/14 Read More »
In my Facebook trading group, I asked the question: “What is your most important trading rule?” As usual, I got a ton of great answers. The most common response was: “Always follow your trading plan.” followed by “cutting losses”, and “keeping losses small.” This should hit home for new traders. If you do not have a
16 Important Trading Rules Read More »
For a trader to be successful their intellect must defeat their ego. A trader must use probabilities to overcome their own personal opinions. A trader has to use risk management to overcome the hope that a losing trade will turn around and just take the original stop loss plan. A trader must allow the actual
15 Exchanges New Traders Need To Make Read More »
There are two different issues that I have seen traders face: #1 Not knowing how to turn off their trading. Obsessing about every trade and watching every tick even when no value is added. Tying their self worth to their trading results. A trader has to have an ‘off’ switch along with their “on”
Trading: Turning It On And Turning It Off Read More »