Trading stress is primarily caused by two things: either not knowing what to do, or knowing what to do and not doing it. Many times, a new trader will discover that there is a big difference between reading about trading or simulated trading, and trading with real money on the line. Stress can knock […]
15 Ways to Manage Trader Stress Read More »
Ten Things Traders Need to Start Doing to Make Money Take stop losses when they are hit, holding and hoping drains your money and your emotions. Never enter a trade without and exit plan, you need a stop loss for losing trades or a trailing stop for winning trades, and possible target areas where
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Ten Things New Traders Need to Quit Doing if they Want to Be Successful Quit trying to hit big home run trades that stress you out and make you watch every price tick all day and focus on a winning trading method. Risk a little to make a lot and stop risking a lot to
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With all the drama last week in the indexes and what seemed like wild action for traders watching live trades, it was nothing more than the market staying within a two week trading range in a range bound market. A $160.00 support/$165.50 resistance two week trading range does not sound like a lot of volatility
Quick Facts on Three Important Charts $AAPL $GOOG $SPY Read More »
I want to like TSLA, I want to be that guy that bought it as it broke out to new highs but I can’t. This stock is all technicals and chart and no fundamentals nor will it have any for a very long time. This is the definition of a bubble and the madness
A Fake Monster Stock? $TSLA Read More »
I really enjoyed this book because it shows real life examples of investors and traders who made huge gains following the principles and strategies of William O’Neil’s book “How to Make Money in Stocks” and the paper Investor’s Business Daily. Somewhat like the “Market Wizards” series from Jack Schwager, author Amy Smith distills the principles
The New Book I Call “The CAN SLIM Wizards” Read More »
Jesse Stine has audited results of turning $46k into $6.8 million in 28 months (14,972%). As far as he knows he is the post internet bubble record holder among retail traders. Dan Zanger still holds the world record. This book is a tale of blow ups and making millions. I believe fans or Jesse Livermore
A New Modern Day Jesse Livermore Read More »
What trips up the vast majority of traders, so they never quite make the transition from new trader to good trader? Not being able to deal with the stress of trading. This is caused primarily from a lack of faith in themselves, and or their method. They lack the ability to pull the trigger
Successful Trading: How to Put it All Together Read More »
Everyone has heard to “Let winners run and cut your losers short” but what does that mean? The core of this statement is positive expectancy. If you trade a system that has a positive expectancy then you will make money the same way that casinos make
The Missing Key To Trading Success That Few Understand Read More »
Here are seven reasons why being on twitter, facebook, stock twits, Linked-In, tumblr, YouTube, Amazon, and Google+ may be a very valuable use of our time as traders, if we are doing it right. Trading Buddies: Traders primarily come to social media for camaraderie. Today’s trading from home leaves a void that use to
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