My trading consists of trading existing trends wherever they are. There is nothing I like better than to find a stock or ETF breaking out to all time highs or breaking down to all time lows after being range bound. I also like to buy off key supports in longer term trends like the […]
The Anatomy of a Trend: 10 Guidelines Read More »
The most important thing you must learn in every market cycle is where the money is flowing. It is flowing into the companies where the earnings are growing. As long as mutual funds have capital in flows instead of net out flows then they must put new money to work investing in stocks. If you
The Secret to Trading Success Read More »
For me, author, teacher, and full time trader Alexander Elder really brought my trading together in a way no other author had. He gave me the framework to build my entire trading plan around: THE THREE M’s: Mind (psychology), Method (a trading edge) and Money (risk or money management). But what does each of those
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Trend Followers make money in the market not becasue they predict anything but becasue they buy what is going up and they sell what is going down. They discover ways to measure and react to trends based on history. Trend traders identify a trend and enter a trade with predefined risk for the trade and
The Anatomy of a Trend (7 causes and clues) Read More »
In my reading of over 200 books on trading and my endless web surfing I have come across many quotes from rich traders that I have truly liked. Here are my favorite ten that I not only love but have made huge impacts on my trading plan and profits. Some of these capture principles in
The Ten Trading Quotes that Will Change Your Trading Read More »
I am surprised that more quotes from legendary trader Nicolas Darvas are not available online. I hope this post helps this problem. After reading hundreds of trading books, How I made $2,00,000 in the Stock Market by Nicolas Darvas continues to be one of my all time favorites. The book covers almost all the basic
My 10 Favorite Nicolas Darvas Quotes Read More »
While the generally accepted definition of a bear market is a 20% decline over a two month period. I am referring to just being bearish, believing the market will go down, seeing signs of a down trend before you are sitting with a 20% decline in your accounts or more while holding what were market
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Arguably one of the greatest traders of all time with his trend following system. Charles Faulkner tells a story about Seykota’s finely honed intuition when it comes to trading: I am reminded of an experience that Ed Seykota shared with a group. He said that when he looks at a market, that everyone else thinks has
The Ten Best Things Ed Seykota Ever Said. 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.