Trading stress is primarily caused by two things: either not knowing what to do, or knowing what to do and not doing it. Many times, a new trader will discover that there is a big difference between reading about trading or simulated trading, and trading with real money on the line. Stress can knock […]
15 Ways to Manage Trader Stress Read More »
I want to like TSLA, I want to be that guy that bought it as it broke out to new highs but I can’t. This stock is all technicals and chart and no fundamentals nor will it have any for a very long time. This is the definition of a bubble and the madness
A Fake Monster Stock? $TSLA Read More »
Here we go coming up on the test of the 50 day simply moving average in the market measuring SPY ETF. Bottom fishers and swing traders are waiting to buy at this level that has held up well for the whole year. Many long term trend followers are waiting to sell with a confirmation
Why Tomorrow Could be Judgement Day for $SPY Read More »
Have you ever heard of the legendary Turtle traders? Millionaire trader Richard Dennis set off to find out if traders were just born to trade, or if they could be trained to be successful in the markets from scratch. The answer? If they could follow rules they could be successful. “I always say that
The Legendary Turtle Traders Read More »
The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade.
The Perfect Trader Read More »
With all the endless opinions about the stock market this weekend, I thought it would be prudent to list some facts at this inflection point. Fact: The market is in an up trend. Fact: We held the gap up all day Friday. Fact: Many stocks are setting up at proper buy points out of
10 Fast Facts About the Current State of the Stock Market $SPY Read More »
This should be another interesting week ahead. From the view of the longer term time frame this is a later stage bull market that is growing more volatile. Trend following traders that trade off the longer term moving averages like the 50 day or 200 day moving averages have done very well this year
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 »
I firmly believe that what truly separates the 10% of winning traders from the 90% that lose is the trader’s mindset. The vast majority of traders think they want to trade until the losses hit them over and over and they just can’t mentally and emotionally handle it and end up quitting entirely. I believe
How Traders Rebound From Losses Read More »
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 »