Discretionary Traders Vs Systematic Traders In the classic Star Trek movies and television show Captain Kirk believed in his abilities to make the best decisions in the circumstances he found himself in. Mr. Spock contrasted against Kirk’s leadership style by using logic and reason along with probabilities of success to make the best decisions. These […]
Do You Trade Like Captain Kirk or Mr. Spock? Read More »
The market and many stocks closed very near to key short term resistance levels today. Many were rejected instead of breaking out. This market has recently been rewarding longer term perma bulls and punishing shorter term momentum traders. The major indexes have settled into a shorter term range and we may need some consolidation here
Five Key Resistance Levels to Watch Tomorrow Read More »
Seeing signs of the beginning of a down trend is a great skill to develop before you are sitting with a 20% decline or more in your trading/investing accounts while holding what were market leaders but are now spiraling downward. The key to keeping bull market profits is the exit with the profits. I
Ten Signs A Market Up Trend Could Be Reversing Read More »
Trading is a very complex undertaking and if you miss one element you will likely eventually fail in this endeavor. Here are the four different elements we must have working for us for success in trading: The Knowledge If we don’t do the homework to know what we need to know we will fail due
The Four Elements Of Successful Trading. Do You have all Four? Read More »
We never know when our big winning trade will come so we have to take good entries. I never know if I will be stopped out the same day or a month later. I am not a predictor, my money is made by riding a trend in whatever time frame presents itself. My January trading
My Best Trade of January 2013 Read More »
Draw downs are not a statement about ourselves or our trading they are just part of the game. A draw down is just part of getting to our expected returns. If we want a 50% return a year there is a good chance we will experience a 20% draw down before we get there.
Five Questions to Ask Ourselves in a Draw Down. Read More »
The general stock market indexes have had a great rally in the first month of 2013, however most of the former and current leaders have been failing to break out to new high prices recently. The market itself has been rolling over into a price range over the past week. When the market starts rewarding
Four Bearish Canaries In the Bullish Coal Mine Read More »
One of the most important things that successful traders know is when not to trade. It is just as important to know when to stay in cash as it is to know what a correct entry looks like. Some of the best calls I ever made in my trading career was simply not to trade
Ten Times Not to Trade Read More »
The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade, to the fear of losing the paper profits that you are holding in a winning trade, there are many different
Where Trader’s Emotions Come From and What to Do About it Read More »
There is more than just one way to blow up a trading account. Traders can blow up mentally, emotionally, financially, through an out of control ego, or a refusal to admit when they are wrong. There are many paths of destruction that a trader can travel down, here are four of those paths to avoid.
Five Different Ways Traders Blow Up Read More »