With all the endless opinions about the stock market this weekend, I thought it would be prudent to list some facts at this inflection point. Fact: The market is in an up trend. Fact: We held the gap up all day Friday. Fact: Many stocks are setting up at proper buy points out of […]
10 Fast Facts About the Current State of the Stock Market $SPY Read More »
Have you ever wondered how there can be so many different styles of traders and they follow their method sometimes with a religious fervor? Many believe that only their way is the right way. A weird thing is that many seem to make money in the long term even though they disagree with each other.
The Real Reason Profitable Traders Make Money Read More »
The market is too high, so I am going to go short. It has to go back down. I don’t need a stop loss because I know I am right. Hmmm…it went higher? That is just crazy! Now it is wayyyy too expensive. I will short more, because it has
A Bad Short Trade (with emoticons) Read More »
Trading books have more meaning after traders have fought both the markets price action and their own emotions. The market is also a great place to expose all the issues we have with our own egos. With the vast amount of trading literature out there on all aspects of trading I thought it would be
Vote for your favorite Ten Trading Books Here>> and see what others are voting on. Read More »
An edge is an advantage that a trader has over his competitors, allowing him to generate and retain profits from other traders . There can be many types of trading edges through risk management, psychological management, and through better trading methods. Here are a few: A selective trader that only trades the best set ups,
Ten Ways to Trade With an Edge Read More »
Here is the rare documentary on a very young Paul Tudor Jones, it is full of trading gems, quotes, principles, lessons, and the real life battles of a trader. Paul Tudor Jones was featured in Jack Schwagers Market Wizards book and his fund had amazing returns year after year. I learned a great deal about
Rare Documentary Video on Billionaire Paul Tudor Jones “The Trader” Read More »
This interview was first published in Your Trading Edge (www.ytemagazine.com). For all the traders that missed the recent Zanger seminar due to his serious sickness here is an interview I found that Dan did back a few years ago to give traders some insight into his world record setting performance and his continued success in
Educational Dan Zanger Interview for Stock Traders Read More »
All eyes will be on $159.71 SPY level this week. Does the market break through and enter a whole new trading range and new bull market era after the 2000, 2007, 2013 triple top? Does QE and central banks safe guards push us into another 1982-2000 type bull super cycle or do we hit that
Three Key Levels on Charts I Am Watching Read More »
Here is an interview with Market Wizard and William J. O’Neil disciple David Ryan when he spoke with YTE’s Ben Power on Christmas Eve at the end of a tough, emotional and volatile 2011. He discussed how he has modified CANSLIM, his views on changing markets, his belief in the need for more regulation of
A Great 2011 Interview With Market Wizard David Ryan Read More »
“Really good traders are also capable of changing their mind in an instant. They can be dogmatic in their opinion and then immediately change it. If you can’t do that, you will get caught in a position and be wiped out.” -Steve Clark The greatest traders have a huge conviction about their edge and
Trade Like You Are Water Read More »