Over the past few years, I have seen many people pass away that I knew well that were still only in their 40′ s or 50’s. It has been almost 8 years since one of my favorite Facebook friends passed away suddenly. The thing I have come to realize after having my 40th birthday, is that […]
A Trader’s Most Important Question Read More »
The weakest link to any trading strategy is the trader that is executing it. It is usually the mental and emotional errors of the trader that cause 90% of traders to lose money. Trading success is determined more by the mindset of the trader, than their skills with math, economics, or macro knowledge. The
The 10 Mental Errors That New Traders Make Read More »
Before there was the U.S Dollar acting as the world’s reserve currency there was an almost universally accepted form of money since the beginning of recorded history: GOLD. Paper currencies were originally pegged to gold to give them value. The bearer of the originally paper currencies could exchange it for precious metals, that
The World’s Real Reserve Currency Read More »
SPY has closed below the 10 day sma for 16 straight days now. I prefer to play the long side when we are trading above the 10 day sma. I could take a long position with a close above this 10 day line. We may get this on Tuesday with the looks of
Ten Fast Facts About $SPY and This Market Environment. Read More »
Trading is one of the few professional fields where anyone can go against professionals very quickly and easily by simply opening a trading account. There is no college required, no degree, or apprenticeship needed before a new trader steps up to compete in the world markets against seasoned traders and professional money managers. The 10%
Ten Errors That New Traders Make All The Time Read More »
What were the greatest trades of all time? Here is the list of the who, what, when, where, and how of the greatest trades in the financial markets were made. While the risk management of executing many of these trades is not what many traders would want, we can see many of these as
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What if you could read the principles for success for some of the world’s greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the ‘Market Wizards’ he spent years interviewing in his second book. The following is a summarized excerpt from Jack D Schwager’s book, The New
42 Ways To Trade Like A Market Wizard Read More »
In my short term trend trading I like to ride winning trends that emerge through key long term resistance and support levels by trailing the trend trade with a short term moving average. My two favorites are the 5 day ema and the 10 day sma to use as my trailing stops in a long
Tesla’s Magic Support Line Since March Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. Their signals are generally entering out of greed and exiting based on their own fear. They believe in their opinions more than the
Are You A Subjective or Objective Trader? Read More »
There are five key things that make all the difference in profitable trading: Focus on a system with bigger wins than losses, big wins makes robustness a much easier thing to find. A 1:3 risk/return ratio makes it much easier to be profitable even with more losses than wins. Trade in the direction of
Five key things that make all the difference in profitable trading Read More »