Trading Stocks & Personal Development: Making the Complex Simple.
You've heard me say it before. One of the biggest trading leaks is micromanaging positions by jumping from trade to trade and never letting your trade work for you.Please retweet if you liked this article! TweetWell part-time traders, I've got great news for you. You have a huge advantage over full-time traders in this area just... Continue Reading →
Tick. Tick. Tick. That stock is driving you bat shit crazy!Your co-workers gawk as you sweat and continually look up at your screen. You can't hide the fact that you are stressed-the-you-know-what-out.Why are you stressed? It's because that stock you entered moved 20 cents below your entry and is now forming a bearish engulfing pattern.Sounds... Continue Reading →
One of my mantras is to "set it and forget it" after making a trade. Once a trade is made, I set my stop and target, then forget about the trade until one of the price objectives is hit. At least I usually do . . .My recent GS trade is a good example of... Continue Reading →
In todays' video, I detail my current position in FSLR to show how important it is to stick with the trade until your stop or target is hit.http://flash.revver.com/player/1.0/player.swf?mediaId=519482&affiliateId=93676
I'm taking it on the chin today. Not only from the market, but readers as well. It's comforting to know that I can bring so much joy to so many of you. It seems some of you derive a lot of pleasure from my pain. I guess that comes with the territory, especially with the... Continue Reading →
I stumbled across this article on patience and trading via Trader Mike's links. Although it may seem like basic stuff, it speaks about an issue that has been one of the toughest for me to master. The basic message is you must be patient with your entry points and give your positions time to work... Continue Reading →
Days like today tend to turn smack talking bears into nervous nellies with itchy trigger fingers. This gives rise to a nice little stock market pop that makes everybody wonder if we really have seen th worst of it and bottomed. Maybe we have, though I seriously doubt it. More likely, what we have today... Continue Reading →
