Have you ever heard of the legendary Turtle traders? Millionaire trader Richard Dennis set off to find out if traders were just born to trade, or if they could be trained to be successful in the markets from scratch. The answer? If they could follow rules they could be successful. “I always say that […]
The Legendary Turtle Traders Read More »
The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade.
The Perfect Trader Read More »
With all the endless opinions about the stock market this weekend, I thought it would be prudent to list some facts at this inflection point. Fact: The market is in an up trend. Fact: We held the gap up all day Friday. Fact: Many stocks are setting up at proper buy points out of
10 Fast Facts About the Current State of the Stock Market $SPY Read More »
This should be another interesting week ahead. From the view of the longer term time frame this is a later stage bull market that is growing more volatile. Trend following traders that trade off the longer term moving averages like the 50 day or 200 day moving averages have done very well this year
We never know when our big winning trade will come so we have to take good entries. I never know if I will be stopped out the same day or a month later. I am not a predictor, my money is made by riding a trend in whatever time frame presents itself. My January trading
My Best Trade of January 2013 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 over and over and they just can’t mentally and emotionally handle it and end up quitting entirely. I believe
How Traders Rebound From Losses Read More »
My over all outlook after the fiscal cliff decision and the gap up is bullish. We need to hold price action of the major stock indexes in the range that has developed over the past three trading days after the gap. The gap is bullish and I am not a big believer in an immediate
A Tale of Two Stocks Read More »
The biggest reasons that new traders do not make progress quicker and become more profitable faster is that they do not truly apply a strong work ethic to their trading education. Many of us when we were new just fiddled with trading. We would get excited and look at some quotes, and maybe talk to
Don’t Trade Lukewarm Read More »
Each successful trader has their own traits that enable them to make money in the markets, but every trader also has their own weaknesses and demons that they must battle and keep in check. Some rich traders were born to trade, they have about as much emotional attachment to a big position size as normal
My Strengths & Weaknesses as a Trader Read More »