Eliminating Emotions in Trading
The psychology of investing not only affects individual investors but also affects the market as a whole. Many investors often underestimate or are unaware of the affects that our emotions have on our return on investment. Many well educated and competent traders lose money due to trading anxiety and trading emotions. In today’s article we will discuss various emotions felt everyday by online stock investors and how each emotion affects trading decisions and trading performance.Read More
6 Essential Ingredients for Winning at Stock Index Trading
After trading the futures markets for 25 years, there are a few things that are certain. Trading futures is a high risk business, and like all trading it will require your full application of skill in the areas of research, practice and live “in the trenches” trading to gain experience and realize success. The rewards can be tremendous if you apply yourself fully to learning the key ingredients described in this article.Read More
Seven Stupid Mistakes that Smart Investors Make
Quantifying actual dollar risk is the primary, almost single-minded objective for professional investors. They understand the importance of putting probability in their favor while limiting downside exposure.
It is logical to evaluate the worst-case scenario first and determine whether to investigate the opportunity further. Think first about the effect of the investment loss on the account. (The negative mental impact may be great as well, and very difficult to overcome for future opportunities to make money.)Read More
Triple Fib Strategy
Today, I wanted to discuss a strategy that I like to use in sideways, churning markets. It's called the Triple Fib Strategy and it uses the power of Fibonacci combined with the power of adding to positions (if you do it right).
If you are a trend trader like me, you typically don't like to see sideways market conditions on the 4hr and Daily charts.Read More
The Trend Failure Signal
If you have been following my articles, you have probably realized that I am a KISS (Keep It Super Simple) investor in most scenarios and that includes following the trend in most of my trade decisions.
However, there are situations where a reversal opportunity has a high probability and certainly a positive Risk to Reward opportunity...Read More
Day Trading - 12 Key Trading Concepts to Survive and Crush it from a 20 year Trading Veteran
Trading is inherently risky. By following 12 fundamental money management rules you can keep your capital safe while building valuable trading experience.
Our 12 rules to keep you in the 10% winning club vs. 90% of traders who lose money:Read More
Power Trading - Overcoming Market Intimidation
Trading. What an interesting subject. Almost everything is traded and at some time in your life you most likely have traded something. Even at early ages, did you ever trade your peanut butter and jelly sandwich for a ham sandwich in grade school? How about your time for a new TV. A product you made for money. Your money for something that you live in, drive, sleep on, or eat. It’s all trading.Read More
Do You Know And Understand Your Real Trading Personality?
No two traders are alike. Traders enter the markets with a wide variety of backgrounds, and come from all walks of life. Some are finance majors. Others are retired policemen, working mothers or students trading from their dorm rooms using free campus wi-fi. Each and every trader has a distinct, unique personality that governs their trading behavior.Read More
Performance Stress - Taming Your Trading Monsters
“What’s wrong with me? Why can’t I do what I’m supposed to do? I keep telling myself to stay calm and patient – let the trade come to me. But, before I know it, I’ve jumped into a trade that, I recognize later was never a possibility in my plan.
But I did it anyway. And, of course, it goes downhill after that. Then, I get gun shy and hesitate to take trades that are valid set ups. It’s frustrating. I know what to do, but when I’m really in the act of trading, I fall apart."