The very first rule we live by is: Never risk more than 1% of total equity on any trade. -Larry Hite (Market Wizard) I try very hard not to risk more than 1% of my portfolio on a single trade. –Bruce Kovnar, (Market Wizard) One of simplest lessons that a trader can learn to ensure long term […]
Risk Management for the Trader in 1 Lesson Read More »
There are many trading principles that are common among successful traders. It is important to learn their habits so we can make money. These 10 things can improve your results immediately. If you have been trading for awhile, but have not been profitable, these tips can help you stop losing money. Start trading the price
Start Doing These Things To Make Money 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 and they can’t handle it and end up quitting entirely. I believe these ten principles separate the quitters from
How Winning Traders Rebound, make a Come Back, and Never Quit Read More »
They pursue realistic goals as their returns. They take decisive and immediate action when their buy or sell signal is hit. They focus on winning trades and not quantity of trades. They make logical, informed trading decisions within their system, based on the probabilities. They avoid the trap of trying to make perfect trades, and
13 Things Successful Traders Do Differently Read More »
If you want to come out as the winner in your trading adventure let the charts be your guide. For me the charts biggest translator is the moving average. It works so well because it is based on the one thing that matters the most: PRICE. But it smooths all the price noise into an
Ten Tips for using Moving Averages in Trading Read More »
One thing that trips up new traders is that they are surprised at the emotions that flood into them when they begin the process of trading with real money. Their ego engages and they do not want to be wrong and they sure don’t want to lose money. The negative downward emotional spiral takes down
The 7 Key Emotions of the Winning Trader Read More »
My trade going into the Greek elections is to stay in cash as I have been almost all week. I am not disappointed this week I will let the day traders make their money in this market and watch the bears get mauled by central bank interventions while I sit
My Trade Going into the Greek Elections Read More »
Ever have that day when you were a new trader and you were 100% sure about a trade. You just could not lose, the stock was a real buy it had already fallen a great deal and it could not possibly fall any farther. So you waited and then plunged in, you couldn’t
The Most Dangerous Trade Read More »
The S & P 500 has been range bound for a week holding at the 10 day moving average as support. The problem is that it can run the full range and back in 48 hours. The market is currently range bound in a $131/$134 $SPY price box. A price break out from here
Trading in the Valley of Uncertainty Read More »
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. Read on and learn from the man who has returned consistent triple digit returns in the stock market. Jack Schwager wrote in the book Stock Market Wizards; Interviews with America’s
My Interview with Mark Minervini Read More »