Category: Uncategorized

  • Do Not Trade With A Hammer

    If you only know one thing, you will use that one thing instead of searching for the better alternatives. In psychobabble terms, this is known as the “law of the instrument,” to which Maslow famously said, “if all you have is a hammer, everything looks like a nail.” He’s right.…

  • Quarantine Life For Traders (What To Read, Watch and Study)

    Here is my curated list of 5 articles, books, movies, shows and videos to help you through the Coronavirus Quarantine. Read these articles The Cost of Seeking Certainty in the Midst of a Pandemic Roger Federer as a Religious Experience 7 Essential Tips for Trading a Bear Market How to…

  • Coronavirus: The Game Plan For Trading This Historic Bear Market

    How do you handle a once in a lifetime pandemic? My philosophy is to never panic, always plan and over prepare to ready myself for every conceivable potential outcome. The idea here is to work hard to prosper if the worst happens. While it make seem like overkill for something…

  • On Trade Management (Setups, Risk & Market Variables)

    Years ago I was enamored with setups. The thought process was that if I could develop a fool proof setup that crushed the market, I would print money. It found my setup, and it worked for a while. Conditions were ripe, and money was printed. I thought it would last…

  • How To Create A Killer Trading Journal

    Every successful trader knows a trading journal is the secret to trading success. No, the secret is not reading about a holy grail setup or mimicking a trading guru. And yes, while studying thousands of charts and recognizing patterns is important, the next step in gaining mastery is breaking down…

  • My Favorites List For 2018 (Books, Movies and Shows)

    Here is my annual list of favorites in movies, books and shows that I read or watched in 2018. Time is precious, so I thoroughly vet everything I read or watch from trusted sources. The work has to have the potential to thoroughly entertain or intellectually enrich me, and the…

  • On Trading Bear Markets

    Bear and Corrective Markets A bear market is tough to trade if you don’t understand the fundamental trading adaptations that must be made to trade it effectively. Shorting in bear markets ain’t easy or for the faint of  heart. However, if you know what to look for and are patient…

  • Myth Exposed: Smart Momentum Traders “Buy Low and Sell high” Just Like Warren Buffet

    Warrant Buffet said it. Those famous words. Do I to repeat them? No, but I’ll say it anyway: Buy low and sell high. It was once wisdom. Then it turned into a cliche. Now, many traders treat the idea with contempt. This contempt is especially rabid amongst momentum traders. Traders are…

  • How a 50 Percent Win Rate Makes Money Using Smart Risk Management Trading Stocks

    The most effective traders think of themselves as risk managers. I know this sound boring, but it’s what separates winners from losers. You can be the greatest stocks picker in the world, but if your risk management is not strong it’s a virtual guarantee that you will blow up your…

  • The Road to Swing Trading Mastery

    Over at bullsonwallstreet.com. where I run the swing trading service, I have been running the “30 days to mastering swing trading” challenge. I sought to get traders *actively* involved in learning, rather than just mindlessly reading through articles on trading. Each day I go over an important concept, then review…

  • My Interview With The Desire To Trade Podcast

    Last week I was interviewed by Etienne Crete of the Desire To Trade Podcast. It was a live podcast where we discussed my journey from part-time trading to going full-time. While we talked macro level stuff, we also got specific. I was able to share my screen and review some…

  • Would You Let Your Mom Make That Trade

    When you place a bad trade, you are only accountable to yourself. People can’t punish themselves effectively. Sure you can get mad at yourself, call yourself an idiot, but then you move on. Usually, you’ll make that same mistake again. Now imagine instead of you making that trade, it’s your…

  • 21 Books That Taught Me How To Trade (And Changed My Life)

    This is the most unique “best trading books” list you have every read. That’s because I am one of the few traders that hates trading books, so there are only two actual “trading” books on this list. Why? Because most don’t teach the skills necessary to become an effective trader.…

  • How To Become An Expert Trader

    Today I was working with a trader who became frustrated with my method of mentorship. You see, the lesson just wan’t complicated enough for her. Huh? Yeah, I know. That seems counter-intuitive. We should want easy, but in fact most humans don’t feel comfortable unless it’s complicated. We feel like…

  • This Trader Hates Me (How To Handle Trading Drawdowns)

    I think this trader hates me. Although most of you know I am an emotionless cyborg, I’ll admit this email got my blood boiling just a bit (I’ll have to check my programming for viruses). Ouch. That hurt. There is so much I could say to this guy about his…

  • If perfection is the goal you will fail

    When I was in grade school my friends gave me the nickname “Perfect Paul”. I took it as a badge of honor and signed by name with only the nickname, choosing to forgo my last name. Why did they call me Perfect Paul? I would get mad when I had…

  • Weekend Big Picture Review: Earnings Breakouts and a Missed Opportunity

    Every weekend I go “macro” and review the past trading week. I analyze my own trades, review went on in the market and what I expect heading into the new week. I do this before zoning in on a more in-depth sector analysis, scanning and watchlist building approach. This big picture…

  • 7 Important Reasons I No Longer Use Trading Indicators

    I once loved trading off indicators. They were the holy grail to big profits. Let that stochastic hit overbought conditions while piercing the bollinger band and I was taking that short signal while already counting my profits.  It didn’t matter that the stock was part of the hottest sector in…

  • Weekly Trading Reflections #9: Big Tech, Biotech and Solar

    I have been talking about the rotation out of tech since the November presidential election and am happy to say it is over. The market is just more fun when the technology and biotechnology sectors are moving. It started with big tech, as old stalworths like APPL, GOOGL, FB, AMZN, and…

  • 51 Trading Tips For A Profitable 2017

    These 51 trading tips are full of actionable strategies and tactics based on lessons learned trading the past year.

  • 7 Strategies To Master Trading Countertrend Setups

    How many times have you heard the trading cliche that you should never trade against the trend? My guess is enough times that through osmosis this bad advice has unwillingly seeped into your subconscious and stopped you from trading profitable countertrend setups with the frequency that you should be trading…