Trading is one of the few professional fields where anyone can go against professionals very quickly and easily by simply opening a trading account. There is no college required, no degree, or apprenticeship needed before a new trader steps up to compete in the world markets against seasoned traders and professional money managers. The 10% […]
Ten Errors That New Traders Make All The Time Read More »
What were the greatest trades of all time? Here is the list of the who, what, when, where, and how of the greatest trades in the financial markets were made. While the risk management of executing many of these trades is not what many traders would want, we can see many of these as
The Top Ten Trades of All Time Read More »
What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is a summarized excerpt from Jack D Schwager’s book, The New
42 Ways To Trade Like A Market Wizard Read More »
In my short term trend trading I like to ride winning trends that emerge through key long term resistance and support levels by trailing the trend trade with a short term moving average. My two favorites are the 5 day ema and the 10 day sma to use as my trailing stops in a long
Tesla’s Magic Support Line Since March Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. Their signals are generally entering out of greed and exiting based on their own fear. They believe in their opinions more than the
Are You A Subjective or Objective Trader? Read More »
There are five key things that make all the difference in profitable trading: Focus on a system with bigger wins than losses, big wins makes robustness a much easier thing to find. A 1:3 risk/return ratio makes it much easier to be profitable even with more losses than wins. Trade in the direction of
Five key things that make all the difference in profitable trading Read More »
In years to come traders and investors will look back at the Tesla chart in hindsight and think how easy it was. Those that traded it will know the reality, that this was a very volatile, choppy, fast moving, gapping up and reversing stock in real time. This was no easy trip to the
The Five $TSLA trading strategies that have worked so far: Read More »
Pretty clear lower highs and lower lows as we entered last week until the battle at the 50 day began. After more whipsawing after the FOMC minutes were released Wednesday we finished down for the day, then Thursday we rallied back over the 50 day and confirmed that move Friday rallying all the way to
The $SPY Weekly Recap Read More »
Poker is one of the very few casino games that’s like trading. Unlike other games where the casino keeps the odds in their favor, in poker there are many ways to get an edge over other players at the poker table. The way you play the odds can give you an edge, folding on bad
20 Poker Quotes that Apply To Trading Too Read More »
Until recently, the high speed nature of trades in certain financial investments such as CFDs and forex meant that only those in banks with specialised equipment could take advantage of the fluidity and flexibility of these sorts of investments. However, now that just about every home and workplace has a high speed broadband connection,
Top Tools for Electronic Trading Platforms Read More »