Why do traders feel powerless?

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Why do traders feel powerless?

Because it takes personal responsibility away from you the trader and transfers it to market gods, market makers, algos and quants, big banks, hedge funds or whatever else is conspiring against you.

I mean, how in the world can you contend with these powerful forces. You are powerless against these goliaths. That powerlessness gives you an out, an excuse.

“It ain’t me, it’s them.”

Oh, but it is you.

You have the power.

Power through the many things you control.

You control just about everything related to your trade. From trading style, broker, time frames, risk, stop, target, position size, time of day, down to your trading tools and the chair you sit on, you control just about everything.

The only thing you don’t control is the stock’s movement from point A to point B. But that’s just a small part of trading.

Yet it’s the only thing you focus on.

Why?

Because, if you focused on everything else, you would have to take personal responsibility for the trade.

Join my youtube page and ask me anything.

Inaugural #AskPaulAnything Episode 1: Exits, Risk Management, Intraday and Deliberate Practice

In my inaugural episode of #AskPaulAnything, I talk about the the difficulty of stock trading exit strategy and how to simply the process, risk management, a fantastic intraday trade, deliberate trading practice for both newbie and experienced traders, how I use VWAP and more.

The Pledge

If you honestly don’t learn at least one thing in this 14 minute episode, I will do 100 pushups

Join me live for the second episode of #AskPaulAnything Sunday, November 13th at 5pm Pacific.

Join here (and subscribe): https://youtu.be/q2g4ni9UaPc 

What would you like to know?

Personal Mentoring

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Need a mentor to make you a profitable trader?

I have been through it all over the past 20+ years of trading (read my story here). Yes, I’ve made all the mistakes and after years of trial, error, and that light bulb moment, figured it out to live my dreams in becoming a full-time professional trader. Now I can help you speed the process and cut out the years of “figuring it out.”

I will show you everything I know, identify your trading mistakes and make you a profitable trader,  privately in a one on one setting using chat, screen share and video. I have mentored dozens of successful traders (testimonials coming soon).


Contact me at SinghJD1@aol.com for more information and rates (Starts at $2K).  


Can’t afford me as a personal mentor right now? 


While the best thing you can do is supercharge your learning curve and same time and money by investing in yourself, I understand. This site is a labor of love and my way of giving back. 


There is a TON of free content here, on my youtube channeltwitter page and of course BullsonWallstreet.com/


Finally let me know how I can help you. Go ahead and email me anytime with your questions, comments or just let me know how you are doing!

Bad Information Leads To Bad Trades

Most of the trading content you read on social media is garbage. Sure some blogs are good, but most are bad. Yes some tweets are mind-bending, but most are worthless.
You know this and have an inkling of what is good and what is garbage. The problem is it all goes in your head, stays there and mucks with your emotions.
Pretty soon you are no longer patiently waiting for setups. All that bad information that you can not unlearn mucks with your analysis and your emotions, and a bad trade is made.
Bad information leads to bad trades.
Create process that lead to good information. Good information pays it forward to good trades.
 


If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com

I Will Pass Out If Donald Trump Is Elected President

Donald Trump is bad for Wall Street.

He can’t be controlled, he’s a loose cannon, he has ties to the evil Russian empire, he bankrupted his own companies, he hates women, minorities and anybody else making money.

Yet I love him.

Well not him, but the idea of him winning the election. Now before you get ready to let me have a piece of your mind, take a step back and . . .

R-E-L-A-X.

It’s not for political reasons, so don’t hate.

As a swing trader, I love volatility.

Guess what happens if the Donald wins the election?

The market will go insane. Even more insane than the man with the bad hair could ever actually do to the market himself. The market tends to overreact to uncertainty, so you can bet we’ll see an overreaction and some wild swings.

On the flip side, the market wants Hillary to win. She’s the “safe” choice. If she wins, we probably get a nice little rally and then it’s back to trading as usual. We can profit from this, but not like we can if the market is scared.

Up, down, all around . . . it doesn’t matter. We don’t care which way the market goes, as long as it moves, and moves big.

Make America great again? It already is great.

Make the market great again? The President does not have that power.

Make the trading great again? It will happen if Donald is President.


If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com

When You Have Inside Information And Still Lose Trading Apple

I wish I had a best friend named Billy that worked at Apple.

I’d call him up and discreetly ask him in hushed tones:

“Yo Billy, what’s going on with Apple’s earnings?”

He’d hang up on me because everybody knows Apple taps employee phones. So I drive over to his house, we turn the speakers on full blast just like in any good conspiracy movie and he says:

“It’s going to be big. I’m talking blow out earnings, huge iPhone 7 sales and increased guidance.”

Holy smokes!

The stock is going to skyrocket, and I’m in the know just like the shady Wall Street CEOs.

I would load up with 10000 shares since this is a sure thing and I’d nail this one when the stock market opens tomorrow. In the meantime, I would head over to the Porsche dealership so I could spend my ill-gotten gains.

As Eminem would say, snap back to reality. Yes, Apple ($APPL) had blow out earnings yesterday, but . . .

At the open the stock is down four points off a “sell the good news” event. Dream scenario? Armed with insider information I  would be down $40,000 right now.

Even with a crystal earnings ball you still could not have predicted this move. This is exactly why I rarely trade pre-earnings. Instead, I use a 7-setup post earnings-breakout strategy that allows me to play probabilities and patterns rather than gambling.

Today’s lesson is to dream big, but trade smart, and never gamble on earnings.


If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com

Secret Trading Leak: Your Winning Trades Will Crush You

What if I told you that your wins are your biggest trading problem?

That’s right, wins are what hold average traders from moving past break even to profitability. Most traders focus on their losses, completely ignoring the real problem.

The hardest trading leaks to identify and correct are the one that masquerade as wins.

You see that 65% win rate and feel good about yourself, then wonder why you are not crushing it. So you review your past 100 trades and analyze every single loss in search of that trading leak that you’ll correct, magically turning you into the second coming of Jesse Livermore.

Unfortunately that’s not how it works, even though that’s what just about everybody does (no wonder 95% of traders fail).

So you want to trade Jesse Livermore?

Then fix your wins.

Every losing or break even trader I’ve ever worked with made a fatal flaw: he or she did not know how to win. That 65% win rate is deceptive. It often means you are either micro-managing your positions by cutting your wins off early, or you are winning less than you risk, creating a negative reward to risk.

Now go back and analyze every single win and ask yourself these three questions:

1. Did I stick to my initial plan (assuming you had one)?
2. Are my wins bigger than my losses?
3. Did I exit at the right time?

If the answer to these questions is “no”, then you’ve got some work to do.

You must figure out how to win big, even if that means lowering your win rate. Remember, winning traders care about profitability, not win rate.


If you would like to learn more about how I trade, receive my nightly focus list with market analysis, setups and trade alerts, sign up at BullsonWallStreet.com