The markets are no place to be unsure of yourself and be wishy-washy. It’s not a place for second guesses, wishing, hoping, or gambling. If you want to win in this jungle, you need to be an unstoppable beast. Complete confidence in your system and method. You do not jump around in your trading […]
Rich Trader Ed Seykota Interview Van Tharp: Have you played around with any other significant ideas in terms of position sizing besides market’s money? If so, what are they? If you could give me ten rules to consider with respect to position sizing what would they be? Ed Seykota: “Playing around” with “when market money
RISK Isn’t Just a Game, in trading it is THE GAME Read More »
A book review for: TREND COMMANDMENTS by Michael Covel This book is based on the author Michael Covel’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Paul Tudor Jones, the Turtle Traders, Larry Hite, and many others. This is not a book filled with Mr. Covel’s opinions, as it’s
Thou Shalt Follow the Trend Read More »
The trend is your friend until the end when it bends. -Ed Seykota A little Trend Trading When you have an edge in your trading system your wins and losses will be distributed at random. You will not know when you will catch the big trend or big reversal and win big. If historically you
You win some you lose some Read More »
In trading, money is simply made by making more money when you are on the right side of the trade than you lost when you were on the wrong side. That is rarely understood. Even many of the best traders in the world only win 50% of the time or less. In baseball the pitching
Decisions, Decisions, Discretionary Trader vs. Systematic Trader Discretionary Traders trade information flow, while Systematic Traders trade price flow. While discretionary traders are busy trying to digest what fundamental news and information mean, systematic traders are taking the signals they are getting from actual price movement in the market. Systematic traders are not thinking and predicting
Your Opinions or A Proven System? Read More »
Trading is an evolution of self and system. -Jonathan Keag Contrary to popular belief, the key to success in trading is not: a huge ego hot stock picks knowledge of the fundamental drivers of markets or even how to read a chart following a guru taking big risks What I have discovered in my twelve
Build-a-Trader Workshop Read More »