My over all outlook after the fiscal cliff decision and the gap up is bullish. We need to hold price action of the major stock indexes in the range that has developed over the past three trading days after the gap. The gap is bullish and I am not a big believer in an immediate […]
A Tale of Two Stocks Read More »
The very first rule we live by is: Never risk more than 1% of total equity on any trade. -Larry Hite I try very hard not to risk more than 1% of my portfolio on a single trade. –Bruce Kovnar One of the most important lessons that a trader must follow to ensure his long term
Risk Management for the Trader in 1 Lesson Read More »
Many new traders and new investors make the mistake of looking for and buying cheap stocks. Do not fall into the cheapskate trader trap, instead just pay for quality. Cheap stocks are cheap for a reason, they vast majority of the time they are junk. Quality stocks rarely if ever trade for under $15
Don’t be a Cheapskate Trader: Pay for Quality Read More »
Here are two trading book reviews that I wrote for Amazon. These are two books that contain the principles that can take a reader to the next level in their trading. These books are based on the thousands of hours that Michael Covel put into studying the best money managers in the world through interviews
Two Trading Book Reviews, Two Free Kindle Editions Read More »
While I am aware that this was not a scientific poll, I do believe it reflects who traders find helpful in the twitterverse. I am familiar with almost everyone who made the top 25 in voting. You will notice that the top picks were also the ones that usually contribute the most in charting for
Top 25 Most Helpful Traders in the Twitterverse Read More »
Well all the stock market has been about the past month is the fiscal cliff. Uncertainty causes volatility and confusion as the market tries to price in the future. I believe the market has a deal currently priced in. How? The people that believe there will be a deal are already in. The people that
My Thoughts on the Fiscal Cliff Read More »
While 2012 was a great trading year for me with a +53% return on my trading account, but it should have been much better. My equity peak was a +75.3% return and I spent most of the year churning with around a 60% return. My biggest faults were being to aggressive with position sizing and
My 5 Trading Resolutions for 2013 Read More »
In reviewing my blog posts for 2012 it was interesting to see what posts my readers took the time to give a facebook like to. While I may have 1000 readers a day it is a thumbs up when someone takes the time to ‘like’ the post. I take that as they really like it
My Top 10 Most Liked Blog posts of 2012 Read More »
This blog article was originally a post from Rafael Barbieri in our trading group on facebook. Thank you Rafael for such a great share! This is not being posted because I am a Patriots fan. Tom Brady had a press conference where much of what he said seems to fit with successful trading. (I agree
If Tom Brady was a Trader….. Read More »
“I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.” -Bill Lipschutz “Here’s what I believe: The markets are not random. I
My Favorite 10 Market Wizard Quotes Plus a Schwager Video Read More »