To me trading is about more than math and entries and exits. I believe to be a truly great trader we must master our self. You must understand the risk of ruin. Profitability will only come from the exercise of some type of edge we have over the other market participants. few books, […]
Five Books That Can Help Traders: But These Books Aren’t About Trading Read More »
Here are two different ways to make money in the markets and have a profitable system. #1 Have a High Winning Percentage If the size of your wins and losses are EQUAL and you have more wins than losses then you will make money if you simply have a higher winning percentage of trades
The One Thing That Makes All The Difference For Trading Profitably Read More »
The $SPY has traded in a certain range for years, finally busting through resistance last year to shoot to a higher level. What causes this to happen? Why is buying into, and holding onto all-time highs, good trading? The more times something hits a support or resistance level, the stronger that level becomes. Most
Why I Love All-time Highs in $SPY Read More »
The Four Horseman of the Failed Trader are Ego, Battling Price Action, Inadequate Homework, and Ruin. Most traders that fail and leave the markets never learn the lessons that the market was trying to teach them. In all likelihood there were four horsemen that rode through that traders account leaving lost battles, pestilence,
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Every day trillions of dollars flow from trader to trader, from market to market. Many traders are just happy to dip their bucket in and take a share each day for themselves. But where does the money flow? Every day options lose time value, options sellers blow up, shorts cover for a loss, trends
10 Ways To Get Trading Profits Flowing in Your Direction Read More »
In golf, it’s better to hit a hole in one than sink a put at par. In trading, it’s better to get a great entry point and ride a trend for days, weeks, or months than to attempt to day trade something all day long. Some golfers sport nice golf clothes, use expensive clubs, and dish out advice
Why Golf is Like Trading Read More »
The long term up trend is still intact and strong. No long term damage in this chart action. The short term up trend has shifted into a price range of $167-$170. The most recent gap up acting as support in this newest leg up. There was profit taking five days in a row as we
Another $SPY Trade I Made – 7/28/13 Read More »
So many arguments and fights about trading that happen on social media are simply due to a lack of understanding about another trader’s methodology or time frame. So many think their way is the ONLY way to make money in the markets. But the “Market Wizards” series of books showed us that there are
10 Things Winning Traders With Different Methods All Have In Common Read More »
Thanks Shane Yates for the idea and material for this blog post. Enter the “trader zone”…. wait, wait, wait, wait- pounce…. “A lone lion usually has a hunting success rate of only 15%. Though during a night hunt, their success rate can climb over
How to Trade Like A Lion Read More »
“If you diversify, control your risk, and go with the trend, it just has to work.” -Larry Hite We often hear of trading with an edge, but how do we know for sure we have an edge in our trading? How do we know that the odds are in our favor, and
7 Ways to Trade With an Edge Read More »