All trading methods come down to one very simple basic thing: we are all in search of capturing the trend correctly. Long term trend followers are trying to be right about the long term trends using mechanical systems. Buy and hold investors are trying to be right about the stock market indexes and mutual […]
ALL Types of Traders are after the SAME thing…… Read More »
There are seven things that I believe are pretty common in the successful traders I have known, read about, and seen in action. Whether it is stock trader Nicolas Darvas in the sixties, commodity trader Ed Seykota in the twentieth century, or Jesse Livermore at the turn of the last century, many of
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Who is Dan Zanger? Dan Zanger is the modern day version of Nicolas Darvas. His mother Elaine loved the stock market and Dan would often watch the business channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made
An Interview with a Modern Day Nicolas Darvas Read More »
The $SPY has spent 19 days out of 20 closing above the 5 day ema and 19 days straight above the 10 day sma. The 50 day has held in this index for this entire year, if any bears are wondering, this is what an uptrend looks like. I went fully long in my long
Here is What I See On These Three Charts Read More »
“Trend followers use reactive technical analysis. Instead of trying to predict a market direction, their strategy is to react to the market’s movements whenever they occur. This enables them to focus on the market’s actual moves and not get emotionally involved with trying to predict direction or duration.” -Michael Covel/ Trend Following You Might be
You Might be a Trend Following Trader if….. Read More »
This blog post is an excerpt from my book New Trader, Rich Trader. “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded
Why Trading & Life have the Same Winning Principles Read More »
Paul Tudor Jones famous interview and documentary “The Trader” is a classic amongst market professionals. It is one of the few places you can see a true Market Wizard and young money manager become a billionaire. Here are the lessons I have gleaned from watching the master in action: It is possible to see that
Paul Tudor Jones’ 22 Trading Principles Read More »
Risk management is far more important than profits, keeping the capital you have safe is more important than growing it. With the parabolic move we have seen in many markets it is crucial that we do not become greedy and lose our basic rules of risk management and put our account in danger of ruin.
The Many Faces of RISK Read More »
“The whole world is simply nothing more than a flow chart for capital.” -Paul Tudor Jones Successful trading is the attempt to be on the right side of the flow of capital. Each change in price happens with a new agreement between the current buyer and seller. Buyers and
A Winning Trading Method is Really All About this….. Read More »
Here are 5 ways I ride a trend after getting in. Ideally buying a stock that breaks out of a long term range into a new all time high is the best spot for maximum gains. Here are the spots to keep an eye on in an up trend. First of all look
5 Ways to Ride a Trend Read More »