I have had a great year trading thanks to my choice to trade Apple stock. I knew that it had the potential to trend in 2012 with it being such a dominating company in its industry. While fundamentals are good for building a watch list I believe that the charts […]
In trading there are things that cause you to win in the long term and things that cause you to even lose your account in the short term. There are ways to manage risk and there are ways to purely gamble. There are ways to think that will make you
A Trader’s 10 Best Friends & 10 Worst Enemies Read More »
In trading we must be able to do two things: manage our winners and manage our losers. If we can’t play both good offense and defense then we will not win over the long term in trading no matter how well we do with one but then fail at the
Playing Offense and Defense in Trading Read More »
For me, author, teacher, and full time trader Alexander Elder really brought my trading together in a way no other author had. He gave me the framework to build my entire trading plan around: THE THREE M’s: Mind (psychology), Method (a trading edge) and Money (risk or money management). But what does each of those
10 Things That Each Trader Must Master Read More »
For anyone interested in trading the currency markets I believe this is the perfect book as a starting place. Carley Garner has created the perfect book for anyone interested in getting started in currency trading. Whether you are an experienced trader of stocks or options looking to diversify markets you
New Trader to Currency Trader Read More »
Oh no the Dow Jones Industrial Average is down 100 points! The NASDAQ is down a full percent! Is this the reversal? The beginning of a bear market? Oh me, oh my! Wait a minute all three of the stocks I am holding are green. They are all up in
Green Stocks in a Red Market Read More »
My thoughts on how to take another bite out of our favorite stock. In reviewing the IBD 50 yesterday for the criteria for CAN SLIM stocks I could not help but notice the incredible fundamentals for Apple. While I trade the charts and believe they tell the story better than
Is $AAPL the Best CAN SLIM Stock? Read More »
If one of the greatest traders in the world told you how to buy and sell the best stocks for the most profits would you listen? Well we have a chance to do just that with Bill O’Neil’s book “How to Make Money in Stocks”. His lifetime of research on how the market actually works
Ten Ways to Trade Like the Legendary Bill O’Neil Read More »
The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself. From the stress of actually entering a trade, to the fear of losing the paper profits that you are holding in a winning trade, how you deal with those
Understanding a Trader’s Emotions Read More »
As one of the top trading book reviewers at Amazon.com, I am frequently asked “What books would you recommend for a new stock trader?” Below is a list of the top trading books from my library. Trading is about more than simply making bets, picking stocks, or even trading a system. Your success
Top Five Books For New Traders Read More »