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. Instead, they are filled with... Continue Reading →

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 we need to be doing... Continue Reading →

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 negative attitude, an attitude that... Continue Reading →

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 an A minus. When I... Continue Reading →

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 habit helps keep the market... Continue Reading →

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 the market, I went with... Continue Reading →

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

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 them. Let's correct this major... Continue Reading →

Did you ever play hot potato as a kid? For those who didn't, you pass a hot potato around as fast as you can until someone yells "hot potato". You lose if you get stuck with the hot potato. That's what the steel sector is like right now. As the market gets hotter and hotter,... Continue Reading →