Rule No. 1- Do not venture in markets and products you do not understand. You will be a sitting duck. Rule No. 2- The large hit you will take next will not resemble the one you took last. Do not listen to the consensus as to where the risks are (that is, risks shown by… Read More »
Enter the “trader zone”…. wait, wait, wait, wait- pounce….. “A lone lion usually has a hunting success rate of only 15%. Though during a night hunt, their success rate can climb over 40% . In areas with tall grass, they manage a success rate of over 50% because they are able to get much… Read More »
It is funny how the best traders of all times basically repeat the same things with different words. Gerald Loeb is the author of ‘The Battle for Investment Survival’ and is one of the most quotable men on Wall Street. Here are 12 of the smartest things he has ever said about the stock market:… Read More »
“A trader is the weakest link of any trading system” (Alexander Elder) During one of my trading Seminar a student asked the following “After 4 years of winning and losing hundreds of trades and blowing out several accounts both demo and live, trying different systems, experimenting with many strategies, I am still unable to achieve… Read More »
Put a trader in a group of non-traders and the conversation will inevitably turn to gambling. At a recent family gathering I was asked about my share trading by an interested (or polite) family member, to which I responded with my usual cheery, ‘Good thanks!” I had just mentioned that we were planning on selling… Read More »
What is Risk? Risk is exposure. In trading, risk refers to exposure to the price changes of a stocks/index. Often, risk makes people wary of trading stocks, commodities, or currencies. It is true that risk is an integral part of every trade. In other words, there is no such thing as a “risk free” trade.… Read More »
As people get into this great business of trading, many are exposed to a heck of a lot misinformation. So, that being said, let me lay out what I truly believe are the 5 keys to a profitable trading methodology: Reliability. This basically means at what percentage of the time do you actually make money? … Read More »
They trade too much. A major edge small traders have over institutions is that we can pick our trades carefully and only trade the best trends and entries. The less I trade the more money I make because being picky is an edge, over trading is a sure path to losses. Unprofitable traders tend… Read More »
How you prepared for the day/week: What was your market preparation? What research did you conduct or consume? What did you read? What conversations did you have, and with whom? How did you eat? Sleep? Exercise? Prepare yourself mentally? * How you generated your trading ideas: Where did the ideas come from? What was the process… Read More »
I keep Blue Channels turned off while trading. I do not care about others opinions I care only about price and chart action. I do not try to predict, instead I trade in accordance with the chart. I am not trying to prove I am right I am trying to make money. I am not… Read More »