Friday was one of the wildest days I have seen in a very long time, it was hard to determine which head fake was the real move even into the last hour traders were wondering if we would roll over. I have been bearish in recent weeks playing puts off the 50 day line in […]
7 Signs The Bulls Are Now Winning $SPY $IWM Read More »
Learning to trade is a process, and it is same for everyone. The traders that think they are exceptions to the process of trading education generally learn the hard way that they confuse bull markets for genius or market conditions for skills. It is easy to lose or make money in the markets,
The Five Key Lessons That Give New Traders An Edge Read More »
Some days I wish I could travel back in time 15 years and teach myself what I have learned in the markets the hard way. I was fortunate to make money early on with the benefit of the nineties bull market, I just wished I would have known then how to keep all
10 Things I Wished I Knew When I First Started Trading Read More »
Source Article: Expectancy Positive Expectancy: A system (or game) that will make money over the long term if played at a risk level that is sufficiently low. It also means that the mean R-value of a distribution of R multiples is a positive number. If you’ve read any of Dr. Tharp’s books, you know by
Positive Expectancy Model: It Will Make You Or Break You As A Trader Read More »
In my reading of hundreds of trading books and my endless research on rich traders, I have come across many quotes that are very powerful. These principles could really change the entire dynamic of a new traders plans and methods. Here are my favorite ten that I not only love but have made huge
The 10 Most Helpful Things Rich Traders Have Ever Said Read More »
Yes, the vast majority of traders are gamblers, maybe the majority of market participants are in fact gamblers. The traders that are gamblers trade with no plan and without understanding the odds are stacked against them. Whether it is buying far out of the money options with no method for profitability or randomly chasing stocks
The Difference Between Gamblers and Traders Read More »
In my trading career I do not remember ever seeing this many doji on any given chart. It is very odd that the open and close be so close to each other day after day after day with all the real movement happening in the post market and pre-market. The biggest clues are the two
Doji, Doji, Everywhere Read More »
Dojis, dojis, every where. Truly some strange price action last week in the major S&P 500 index. I bought SPY puts when the price was struggling at the 50 day late Friday in the last 45 minutes and was instantly questioned and criticized on twitter for doing that on a bullish candle, minutes later
The Ten Bearish Facts I See on The $SPY Chart Read More »
A book review for Brent Penfold’s book “The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets” This book is excellent for traders that are ready to accept its lessons. You need a foundation in trading to understand the importance of what the book is advising, and take the
Penfold’s Universal Principles of Successful Trading Read More »
Most traders are not undone by their method or system, but rather they are undermined by an internal struggle. Problems arise when the adrenaline starts pumping and emotions come into play; this is the time when bad decisions are made. Pride, Fear, Greed, and Hope are the most dangerous internal indicators to overcome. Pride
4 Dangerous Emotional Indicators Read More »