You better be managing risks on days like today, when the Dow Jones Industrial Average rockets up almost 500 points due to announcements from central banks. Shorts were punished once again, not by the normal market functions of supply and demand or emerging trends, but government interference. Such is life in the markets and trading. […]
7 Easy Steps to Blow Up your Trading Account Read More »
How are you feeling? Were your palms sweating as you placed that last trade? Was your heart pounding the whole time you had the big trade on? Are you trading for excitement or to make money? The hardest part of trading is not math, it is not even developing a good methodology and system. Risk
A Trader’s Emotional Indicators Read More »
Eighty-four years ago, on Thursday, November 28, 1940, Jesse Lauriston Livermore entered the Sherry Netherland Hotel, where he took a seat near the bar and enjoyed a couple of old-fashioneds. After an hour, Jesse Livermore got up and went into the cloakroom, seated himself on a stool, and then shot himself in the head with
The Greatest Trader who ever lived: Jesse Livermore? Read More »
Oh my! Europe may implode! The euro may become worthless! Many European countries could go bankrupt! Do I go long? Is this support? Do I short based on fundamentals, surely the market will be going lower, right? Do I scoop up hot stocks at a bargain? What should I do? Follow your system, methodology, and
The Wisdom of Market Wizard Ed Seykota Read More »
Have you ever heard of the legendary Turtle traders? Legendary 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. Founder of the ‘Turtle
The Specific Rules used by the Legendary Turtle Traders Read More »
What wins championships in football? It is said to be a great defense is the main component of a championship football team. In football you win by scoring more points than the opposing team, this is much easier on the offensive side of the ball for a team if the defense keeps the score low.
Rich Trader Ed Seykota Interview Van Tharp: Have you played around with any other significant ideas in terms of position sizing besides market’s money? If so, what are they? If you could give me ten rules to consider with respect to position sizing what would they be? Ed Seykota: “Playing around” with “when market money
RISK Isn’t Just a Game, in trading it is THE GAME Read More »