The weakest part of any trading method is the trader themselves. There are many, many, robust trading systems and methods that do make money in the long term. The problem is the trader having the discipline and mental toughness to trade one of them consistently. The vast majority of time it is not a system […]
The Weakest Part of any Trading Method is Read More »
“We attempt to make order out of the market and find reasons for everything. This attempt to find order tends to block one’s ability to go with the flow of the markets, because we see what we expect to see rather than what is really happening.” -Dr. Van K Tharp The day a trader gives
Is the Money in Chart Reading or Opinions? Hmmm… Read More »
“The Holy Grail is not what you would expect it to be. It is something that is different for each person. It’s a hidden secret you have to discover for yourself but it is obvious~ once it is realized.”- David Mobley, Sr. Most new traders go on a quest for “The Holy Grail” of trading.
The Five Mini-Holy Grails of Trading Read More »
These questions were sent to me by a very intelligent, hard working, professional trader. She agreed to let me share them with my blog readers. I think some readers may find value in the answers based on my own journey and learning the hard way. 1. On your weekly puts from Thursday January 3rd, only
Here are 13 Questions About my Trading Answered 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 very first rule we live by is: Never risk more than 1% of total equity on any trade. -Larry Hite I try very hard not to risk more than 1% of my portfolio on a single trade. –Bruce Kovnar One of the most important lessons that a trader must follow to ensure his long term
Risk Management for the Trader in 1 Lesson Read More »
Many new traders and new investors make the mistake of looking for and buying cheap stocks. Do not fall into the cheapskate trader trap, instead just pay for quality. Cheap stocks are cheap for a reason, they vast majority of the time they are junk. Quality stocks rarely if ever trade for under $15
Don’t be a Cheapskate Trader: Pay for Quality Read More »
Here are two trading book reviews that I wrote for Amazon. These are two books that contain the principles that can take a reader to the next level in their trading. These books are based on the thousands of hours that Michael Covel put into studying the best money managers in the world through interviews
Two Trading Book Reviews, Two Free Kindle Editions Read More »
While I am aware that this was not a scientific poll, I do believe it reflects who traders find helpful in the twitterverse. I am familiar with almost everyone who made the top 25 in voting. You will notice that the top picks were also the ones that usually contribute the most in charting for
Top 25 Most Helpful Traders in the Twitterverse Read More »
Well all the stock market has been about the past month is the fiscal cliff. Uncertainty causes volatility and confusion as the market tries to price in the future. I believe the market has a deal currently priced in. How? The people that believe there will be a deal are already in. The people that
My Thoughts on the Fiscal Cliff Read More »