Here are seven lessons from Jesse Livermore who is considered by many as one of the greatest traders who ever lived. Lesson Number One: Cut your losses quickly. As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. Risk management should […]
The Wisdom of Jesse Livermore Read More »
What were the greatest trades of all time? Who made them? Here is a list of the who, what, when, where, and how of the greatest trades that were ever made. While the risk management while executing many of these trades is not what many traders would want, we can see many of these as
The Top Ten Trades of All Time Read More »
Two of the biggest obstacles in trading are managing risk and developing a winning method. However, even if you control your risk on every trade and have a methodology that is a winner, you can still be tripped up by your own mind. Even when effectively managing risk, you will probably lose 10%
The 10 Keys to Winning Mentally Read More »
I believe the key to this market will be in how the SPY trades from here as a proxy for the market. The SPY is currently range bound after the gap up day. While the DIA and QQQ ETFs have both undercut the lows of the gap up day while the SPY has not. A
My Thoughts about the Market Action Read More »
Do you use moving averages in your trading? If not you are missing out on a very simple tool for finding support and resistance levels along with possible trend identification. It is very interesting to lay a 50 day and 200 day simple moving averages on to a chart for the past year. You will
10 Things Traders Need to Know about Moving Averages. Read More »
I did this interview back in June of 2012. U.S. Investing Champion Mark Minervini who was featured in Jack Schwager’s book Stock Market Wizards was generous enough to grant me this interview. Let’s listen and learn from the man who has returned consistent triple digit returns in the
My Interview with an Official Market Wizard Read More »
The weakest part of any trading method is the trader themselves. There are many, many, robust trading systems and methods that do make money in the long term. The problem is the trader having the discipline and mental toughness to trade one of them consistently. The vast majority of time it is not a system
The Weakest Part of any Trading Method is Read More »
“We attempt to make order out of the market and find reasons for everything. This attempt to find order tends to block one’s ability to go with the flow of the markets, because we see what we expect to see rather than what is really happening.” -Dr. Van K Tharp The day a trader gives
Is the Money in Chart Reading or Opinions? Hmmm… Read More »
“The Holy Grail is not what you would expect it to be. It is something that is different for each person. It’s a hidden secret you have to discover for yourself but it is obvious~ once it is realized.”- David Mobley, Sr. Most new traders go on a quest for “The Holy Grail” of trading.
The Five Mini-Holy Grails of Trading Read More »
These questions were sent to me by a very intelligent, hard working, professional trader. She agreed to let me share them with my blog readers. I think some readers may find value in the answers based on my own journey and learning the hard way. 1. On your weekly puts from Thursday January 3rd, only
Here are 13 Questions About my Trading Answered Read More »