Each market trend is generally driven by events and participants beliefs about what those events mean. Recently we have had Europe driving the market “bus”. The market rises and falls based on what the majority believes about the sovereign bond yields. Each day as yields on European bonds rise and fall the market tries to […]
On this thanksgiving day let us be thankful for what we have as traders. Most of the world lives in poverty with out the opportunities we enjoy in capitalist markets. Let us count our blessings. We live in a country where we can trade. Entrepreneurs have created stocks and markets for us to trade. We
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There is really only one reason to trade: to make money. Unfortunately many traders get off track. Your trading should be ran the same way you would run a business. You are trading to make money, no other reason. Your trading should resemble being in an auction for profit or a market place of goods.
If you can’t take the heat get out of the kitchen. This familiar saying applies to trading. While you are reading about trading in books and online you will feel a sense of confidence grow. You will study charts and they will look so obvious, of course, there is the support, the resistance, and
Can you take the heat of your trading method? Read More »
Traders love to feel like they are a genius after a winning trade. Unfortunately, you did not win because you were so clever, you won because the market let you. Trend traders are not geniuses when they are up 10% in a month when the market was down 10%. The market was simply conducive to
Why the trade was really a winner. Read More »
To tough it out in a marriage when things get difficult it takes faith in your spouse. It takes faith to stick with a career when at the beginning it seems like you are not being paid fairly for all your hard work, but you believe that one day your efforts will be rewarded with
You gotta have faith. Read More »
What wins championships in football? It is said to be a great defense is the main component of a championship football team. In football you win by scoring more points than the opposing team, this is much easier on the offensive side of the ball for a team if the defense keeps the score low.
Trading is all a manner of taking a position because you believe the odds are on your side and that it will move in your favor and you will make money. That is what the stock market is all about whether you are a value investor, swing trader, or a momentum trader. The reason trading
The Best Bet in Trading Read More »
The markets are no place to be unsure of yourself and be wishy-washy. It’s not a place for second guesses, wishing, hoping, or gambling. If you want to win in this jungle, you need to be an unstoppable beast. Complete confidence in your system and method. You do not jump around in your trading
Rich Trader Ed Seykota Interview Van Tharp: Have you played around with any other significant ideas in terms of position sizing besides market’s money? If so, what are they? If you could give me ten rules to consider with respect to position sizing what would they be? Ed Seykota: “Playing around” with “when market money
RISK Isn’t Just a Game, in trading it is THE GAME Read More »