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 […]

                                                                                                                                                                                                                                                                                              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

When I have a string of losses I pause and reflect and ponder if it is me trading badly or just the market environment not being conducive to my trading method.  Here are 10 questions we will do well to ask ourselves at times when we seem to be out of synch with the market.

                                                                                                                                                                                                                                                                                                     In the past few years on social media I have met some great traders, professionals, and trading teachers. I have had the privilege of interacting with many of my favorite authors, traders, and money managers. This has been amazing to me and I have learned a lot. I am troubled though of the flood

  Trading is not all about just stock picking, it is not just about a winning system. Yes, first you have to understand how to trade and put the odds in your favor of winning, but that is not enough. You must also add in risk management so when you lose several times in a

These is one of the key trading lessons that really helped me understand risk management long ago. This is one of the keys to successful trading, viewing risk as your metric for trading. This article was originally published on the Van Tharp Institute’s Web Site. Risk and R-Multiples Knowing when you’re going to exit a

Traders repent of your sins. At least that’s the message that Ruth Barrons Roosevelt preaches in her book “Overcoming 7 Deadly Sins of Trading“. If you want to be successful in trading you must overcome the desires of the ego and the quest to be right. You must give up your own endless pursuit to prove

  Here we go coming up on the test of the 50 day simply moving average in the market measuring SPY ETF. Bottom fishers and swing traders are waiting to buy at this level that has held up well for the whole year. Many long term trend followers are waiting to sell with a confirmation