If you want to be a winner trading in the long run there are THREE things that you must do. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader. […]
The Trifecta of Trading Read More »
This past year has been just like the chart studies I have done. Using the $SPY as the market filter in late December 2011 we had a break above the 200 day then a retest with support, we had confirmation of an up trend beginning in January 2012 with
This is What a Down Trend Looks Like Read More »
Here is a list of the ten most powerful quotes from Jesse Livermore’s book “How to Trade in Stocks.” Livermore was one of the greatest stock market operators of our time and his quotes stand the test of time. No one made more money in the markets or came back
Jesse Livermore’s Best 10 Quotes & Free Link to His Book Read More »
For me the best indicator of a trend is simply price action as measured through using moving averages. Moving averages capture trends visually for the trader, going higher or lower based on the price itself. No only does the power of moving averages lie in their power to measure price trends but they are followed
The Most Simple Trend Indicator Read More »
The only place luck has in trading is that you will hopefully be on the right side of unexpected moves due to surprises. In trading you should trade in such a way that good luck will benefit you and bad luck will not destroy you. In my trading luck has
How To Make Your Own Luck in Trading Read More »
The Power of the 1% Bet One of the most powerful principles that makes me a successful trader is not stock picking, a specific indicator, or a trading holy grail. What allows me to win and stay in the game is that my top priority is to only risk 1% of
The Secret Sauce of Trading Success Read More »
With real money on the line, a new trader will discover that live trading is not the same as books or simulated trading. One of the top three things that will determine the success of a trader is the trader’s psychology. The weakest part of any trading plan is the trader himself. Stress can knock a
Managing Trader Stress Read More »
The debate rages about whether facebook is hype or the big winning stock of this decade. Whether it is a whole new form of communication that is changing the world or just a fad. The debate rages whether its earnings and revenue growth can appease Wall Street or if they have even begun
Top Ten Reasons Facebook Could be A Monster Stock Read More »
In the markets there are many different types of traders and many motivations that drive them. Everyone has heard of different types of traders based on their trading method: Swing Traders, Day Traders, Momentum Traders, etc. But what about different types of traders based on their psychology, their very purpose?
10 Types of Stock Traders Based on Their Psychology. Which Are You? Read More »
The trader that changes survives. Stubborn traders do not make it very long in the markets. The first time they are wrong in a big trade and refuse to cut their losses they are ruined. A perma-bull in a bear market loses money as does a perma-bear in a bull market. The market is the
Top Ten Things Traders Must Change to Survive Read More »