Rules for Trading A few important rules to follow when it comes to trading: 1. Always have a stop loss set in place. If you cant watch your stocks in real time, then this is a must. There can be a random news event that makes your stock move in the undesired direction so you have to…Read more Rules for Trading
"Success is going from failure to failure with no loss of enthusiasm." ~ Winston Churchill In trading we are going to have losses, it is inevitable. As long as those losses are small, meaning less than 1 percent of your capital per trade, then there is no reason for you to get upset. Sure, no one…Read more Tips for Success!
Well... Unfriend it! Has fear stopped you from making the right trade? Or has it made you get into the wrong trades? Don't worry, your not alone. Have you ever had a setup you liked and wanted to take the trade, but missed it because you came up with a reason not too(most likely due…Read more Is fear your friend?
Below is a short list of the trading books I found useful in developing my process. Click on the image if interested in purchasing these books. 1. How I Made $2,000,000 in the Stock Market - I found this book very informational and entertaining. This is where I first learned about the Darvas box strategy.…Read more My favorite trading books
You've probably heard this line before about letting winners run, but without following this one step its very difficult to succeed in trading. We have to let our trades run as far as possible to catch that nice move that will make up for small losses as long as the overall market health/direction is moving…Read more To be successful, Let your winners run
The answer is very simple, to not take unnecessary losses and increase our win rate. Anticipating can work and get you better prices, but what if I told you it's safer not to do it. I'll show you why I learned anticipating the entry is dangerous. Below are charts showing a before and after if…Read more Why don’t we anticipate the entry?
This is a advanced tactic but I want to share it and hopefully you can learn something and apply it to your own trading. The one thing to make sure before trading it is understanding the news behind the play and if it's worth trading. This tactic can work on earnings gap up plays as…Read more What do you do when a stock gaps above your entry price? Here’s a tactic you can use without having to chase.