Trading Stocks & Personal Development: Making the Complex Simple.
Traders know less about the future than they think they do. And if the trader knows she does not know, she thinks someone else does.It's why you hang onto every word of woefully inaccurate CNBC pundits. It's why you love and hate Cramer. It's why you follow 3654 members of the Twitterati.Sadly, it's why you... Continue Reading →
I am the worst trader in the world! I know you have said this to yourself before, or at least something close to it. I have. When do I say it? It's always after a few losing trades. Yeah I know. You all think I'm an emotionless robotic trader. In my member only Trade Report videos,... Continue Reading →
A winning swing trader must have that uncanny knack for predicting the future. Yes, the successful ones have a crystal ball that losing traders can not access. In this post I will share how to access it and more importantly, use it effectively.Did I have you going? No, there is no crystal ball. We play... Continue Reading →
I made two speculative trades today, short FCX and long MON. MON is oversold, but still a few points from support. The higher probability setup is to enter long at $70, which I will do if I get stopped out of this trade. FCX shows a bearish pattern, but has bounced over the 50 day... Continue Reading →
What do I mean by high probability? In trading, I define a high probability setup as one that gives me a significant edge over an average trade. For instance, in my back tests, when stochastics hit 90 (extremely overbought) in a bear market, coupled with a few specific trading setups, the success rate of shorting... Continue Reading →
