Here is a simple formula for turning your trading account into a double leveraged Exchange Traded Fund. (Well not really, you will not be an ETF but you will get very close to the same returns of a 2X ETF with much less risk). Let’s say your account is $60,000 and Apple stock is trading […]
How to Turn Your Trading Account Into a 2X $AAPL ETF Read More »
The whole world is simply nothing more than a flow chart for capital—-legendary trader Paul Tudor Jones In my trading I am always looking for where the capital is flowing. Capital flows where it believes it can either grow or be safe depending on the economic environment. Interest rate policies
The sooner traders learn to carefully manage risk, the better off they will be. So many new traders come in with only the thoughts of profits dancing in their heads. This is equivalent to a football team only focusing on scoring points, and not planning their defense. In trading, you must play both sides
Trading: The Difference Between Playing Offense & Defense Read More »
Trading Is Just Like Gambling. This is the first thing I hear from family, friends, and new people I meet when I tell them I am a trader. What they do not understand, is that I am not the gambler, I am the casino. I trade with the odds in my favor, over and
Ten Trading Myths Explained Read More »
In the spirit of Jeff Foxworthy’s: You might be a redneck comedy routine, here is my take on bad traders. You Might be a Bad Trader if: …You are 100% sure about a trade being a winner so you have no need to manage risk. …You go all in on
You Might be a Bad Trader if: Read More »
How is it possible for swing traders, trend followers, position traders, growth investors, value investors, and even some skilled day traders to all make money in the markets even with what is many times opposite strategies? There are three elements that cause profits in the stock market regardless of strategy. They are: Managing risk with
The Trader’s Money Makers Read More »
If Apple products are still selling and market share still growing, this story is not over. Either $644.00 was the top and all time high for Apple or it goes to $700 as the next logical step. Unless there is a competitor that is stealing market share right now then Apple goes higher. Unless
Is Apple $700 Going to Happen? Read More »
Today, as I look past the fireworks and cook outs and think about what this July 4th holiday in America is really all about: independence for the United States from Great Britain. The colonies sought independence from taxation without representation, independence from a King, and freedom for the states to profit from its own labors
10 Things that Great Traders have Declared Independence From Read More »
Many unfamiliar with trading, think it is gambling, or that we will lose all our capital on one trade. These folks don’t understand the basic principle of a stop loss. Rather than hold a stock from $100 to $0, a good trader will be out the moment that price confirms that they were wrong. For a day trader,
Asymmetric Trading Read More »
40 steps in the trader’s journey from new trader to rich trader: We accumulate information. We learn by buying books, asking questions, going to seminars and researching what really works in trading. We begin to trade with our new-found knowledge. We make profits only to give it back very quickly, realizing that we may need
40 steps in the Traders Journey Read More »