“If you diversify, control your risk, and go with the trend, it just has to work.” -Larry Hite. We often hear of trading with an edge, but how do we know for sure we have an edge? How do we know that the odds are in our favor, and that the more we trade, […]
7 Ways to Trade With An Edge Read More »
This blog post is an excerpt from my book New Trader, Rich Trader. “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded
There are warning signs that a trader is going down the road road in a trade or in their trading in general. Traders have to go with the flow of the market, manage risk, and keep their mind open to actual price action. Departing from these principles
7 Warning Signs That A Trader Is In The Danger Zone Read More »
“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other loss is due to your lack of discipline, causing your system
A Trader’s 5 Best Teachers Read More »
AAPL – Buying In The Face Of Fear Guest Post By All About Trends All week under the chart notes on AAPL we advised subscribers the following: 10-1 Where is the “What Do I Need To See To Make Me Take A Trade”?, to which we’ll refer to as the
$AAPL – Buying In The Face Of Fear Read More »
#1 Trader Know Thyself The first step in a trader’s journey is to do some self reflection and learn their strengths and weaknesses—both internal and external. Do you love the action of day trading or would you prefer holding positions for long period of times letting a trade play out? You must pick a style
A Trader’s Journey: 7 Stepping Stones Read More »
There are young people in the market that are really bad traders and there is also old traders that are very good, but there are no old bad traders in the market because they went broke and gave up a long time ago. You might be a bad trader if………. …your primary method
You Might Be A Bad Trader If…… Read More »
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” -George Soros While the longer term up trend is in place it is looking wobbly
The Good, the Bad, and the Ugly Charts Read More »
If you truly are serious about being a trader then there are seven things that you will have to accept. You will have to accept that over the long term at best only 60% of your trades will be winners. It will be much less with some strategies. Accept that the key to being
7 Things Each Trader Has To Accept If They Want to Trade Read More »
This morning one of the best short play stocks of the year gapped up on earnings and provided a new opportunity for beat up longs to get out with their shirts and bears a chance to get short at a much better entry price. I took the entry and went
The World’s Ugliest Daily Candlestick Read More »