Winning traders take responsibility for all their trades win or lose. Whining traders play the victim of algos, the Fed, and blame the markets for their losses. Winners have a trading plan Whiners have emotions, ego, and blame. Winners find a way to be profitable. Whiners find an excuse why they are not. Winning […]
Winning Traders Versus Whining Traders Read More »
They say things like “I have been pounding the table on this trade” or want some kind of brownie or cookie for “calling some market movement” it is about making money not wanting to be pet on the head for being “right”. Foolish traders are focused on predicting the future instead of trading what is
10 Foolish Things That Foolish Traders Do Read More »
This post is courtesy of Simon Goodchild posted originally in my Facebook trading group. Reprinted here with his permission. THE SUPERMAN THERUM I often hear that one should not trade unless one has sufficient capital to trade, and it’s true most traders are under-capitalized, but there’s absolutely no reason a trader can’t start with
Trading Where You Are To Get To Where You Want To Be Read More »
This market continues to grind higher with tiny pull backs making it difficult for buy the buy the dip traders to even get a good dip to buy. Volatility is very low making it difficult for option sellers to collect enough premium to make it worth their risk while options stay so cheap. Even intra-day
Ten Fast Facts About the Current Market Read More »
10 Facts About The Apple Chart Survivor bias: why following success could doom you to fail Avoiding Stupidity is Easier than Seeking Brilliance Chasing Success Why Is Calling a Market Top So Hard?
Weekend Reading for 6/21/14 Read More »
Every day trader is now a soccer analyst. — 3:30 Ramp Capital (@RampCapitalLLC) June 12, 2014 FOMC statement having no impact on my Tinder feed — Greg Harmon, CMT (@harmongreg) June 18, 2014 Sentiment is very bullish right now, but I did see one bear at lunch today…eating by himself 🙁 pic.twitter.com/ElsQu4NIWL — Joseph Fahmy
Top Trading Tweets of the Week Read More »
Government document that calls #momentuminvesting “magical thinking”? You bet. Eventually make it illegal? All beta, alpha outlawed. — Michael Covel (@Covel) June 18, 2014 “This is a very strong bull market, and betting against it is a bad idea,” said Clenow. http://t.co/n4ZLq52YDX — Andreas Clenow (@clenow) June 18, 2014 Market Update Thursday 19th June 2014
Ten Great Trend Following Traders On Twitter Read More »
Image courtesy of 401kCalculator.org Good traders and good trading systems have losing streaks and that is just a fact of trading. Overbought and oversold can become more so, bull markets have no long term resistance and bear markets have no long term support. Sometimes losing streaks have nothing to do with how good a system
A Dozen Things I Learned From My Losing Trades Read More »
What is a ‘Zero-Sum Game’? Zero-sum games are the total opposite of win-win situations – such as an agreement that creates value between two counter-parties – or lose-lose situations, like war and mutually destructive relationships for instance. In real life, however, things are not always so clear-cut, and winners and losers are often difficult to
Is All Trading Really A Zero-Sum Game? Read More »
I see so many traders that seek the “Holy Grail” of trading and search for it for years. They are always students and are very light with their trading of real capital because they are always waiting and trying to ‘figure it all out”. The truth is that there is just a few things to
Read This Blog Post When You Are Tired Of All The Trading Bullshit Read More »