As a new trader I did not understand a part of a trading book where Alexander Elder was talking about how bad traders can be like alcoholics and may even benefit from going to AA meetings. That truly baffled me. Surely trading is just math and numbers and learning what to do. What does addiction […]
12 Steps for Failed Traders Anonymous Read More »
Do not trade unless you have a trading plan. You need to know what you will do before the market opens. Trade a method not individual hunches. One trade outside a trading method means nothing. Stop fighting the trend in your time frame and start following it. Quit trying to predict what will happen
Ten Ways To Improve Your Trading Tomorrow Read More »
The Bear- This trading animal believes the market will be going down and plays the short side. Bears think that a market is going to be very red. The Bull- This trading animal is very optimistic that the market will be green. Bulls love to buy and believe their screen will be full of
Ten Types of Trading Animals Read More »
The market is either at the top of its near term range or at the edge of breaking out to a new price range. Crossroads here, here is what I see and will be looking at this week in the markets. I am currently risk off and neutral here as the politicians play ring around
What I Currently See On The $SPY Chart & The Market Read More »
Trading is a numbers game more than anything else. Here are seven crucial numbers and statistics that a serious trader needs to set expectations around and know. Some can be found through historical back testing, some can be controlled, others give the trader a target to aim at. Once a trader understands these numbers and
Seven Key Numbers A Trader Needs To Know About Their System Read More »
My journey through the financial markets span now over twenty years I was an ‘investor’ more than a trader for the first part of that journey . I had my start in mutual funds then went into index ETFs and individual stocks, in recent years I have traded options as well expanding my ways
The 5 Things I Had To Overcome to be a Profitable Trader Read More »
There are many trading blogs out there but I truly believe that my trading blog New Trader U is a different kind of blog and here is why: I am not trying to up sell you to any product that costs thousands of dollars. I do not have a newsletter, paid trading room, or training
Ten Reasons Why My Trading Blog Is Different. Read More »
Here are twenty things I do that make my trading profitable over the long term. I focus on trading only a few ETFs and stocks each year and focus my efforts in how to best capture any trend that emerges from one of them. I keep a very small watch list and remove
Twenty Reasons Why My Trading is Profitable Read More »
We are still in an overall bull market with the $SPY over the 50 day. Leaders are still making all time highs and leading $TSLA $FB $DDD The $SPY is in a short term down trend. Five of the past six days have been lower highs and lower lows over the previous day. We
$SPY Chart Facts – 9/29/14 Read More »
Thanks to George Boncoraglio for posting the four pillars in my facebook trading group. I hope my expansion does it justice. The four pillars of success: Know yourself Traders need to know what type of trading will fit their personality and risk tolerance. Some traders are patient and make excellent trend followers others engjoy
The Four Pillars To Trading Success Read More »