The reason trend traders make money in the long term, is due to supply and demand, and the flow of capital through equities, currencies, commodities, and future contracts. These tend to trend in one direction or the other at different times. Trend traders and trend followers are ready to capitalize on those trends by letting […]
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For 36 trading days we have been below the $136 price in the SPY, there have been NO buyers above this level, only sellers waiting to take profits. Our first bounce off support after going into a down trend was at the 200 day moving average, not much time for
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The hardest thing about trading is not the math, the method, or picking the right stock, currency, commodity, or futures contract. The most difficult thing about trading is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade, to the fear of losing the paper profits that you
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Trading in the stock market is like being in a Monopoly game. If there are ten people playing, one person is likely to take everyone else’s money. Trading functions much the same way, with 10% of traders becoming profitable, while the other 90% lose or break even. After studying successful traders from the books by
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After the hundreds of trading books I have read and spending thirteen years actively managing my accounts I still consider Jack Schwagers Market Wizards Series the best of the best. Why? His trading books are not based on theories, opinions, predictions, or beliefs, he goes down a completely different path.
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Trading is not a path to easy money, only about 10% of traders are profitable in the long term and I assure you that you will be playing against professionals and they know how to win. No one goes up to Michael Jordan and asks him how they can make
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Investopedia explains ‘Whipsaw’ A condition where a security’s price heads in one direction, but then is followed quickly by a movement in the opposite direction. The origins of term is derived from the push and pull action used by lumberjacks to cut wood with a type of saw with the same name. There are two types of
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The very first rule we live by is: Never risk more than 1% of total equity on any trade. -Larry Hite (Market Wizard) I try very hard not to risk more than 1% of my portfolio on a single trade. –Bruce Kovnar, (Market Wizard) One of simplest lessons that a trader can learn to ensure long term
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There are many trading principles that are common among successful traders. It is important to learn their habits so we can make money. These 10 things can improve your results immediately. If you have been trading for awhile, but have not been profitable, these tips can help you stop losing money. Start trading the price
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I firmly believe that what truly separates the 10% of winning traders from the 90% that lose is the trader’s mindset. The vast majority of traders think they want to trade until the losses hit them and they can’t handle it and end up quitting entirely. I believe these ten principles separate the quitters from
How Winning Traders Rebound, make a Come Back, and Never Quit Read More »