1. Plan your trades. Trade your plan. 2. Keep records of your trading results. 3. Keep a positive attitude, no matter how much you lose. 4. Don’t take the market home. 5. Continually set higher trading goals. 6. Successful traders buy into bad news and sell into good news. 7. Successful traders are not afraid […]
I have read over 400 trading and investing books in the past 20 years that have given me the principles of profitable trading and allowed me to make money in the markets consistently and build life changing amounts of capital. Here is a list of the ones that were most memorable, useful, and meaningful, along […]
1. Buying a weak stock is like betting on a slow horse. It is retarded. 2. Stocks are only cheap if they are going higher after you buy them. 3. Never trust a person more than the market. People lie, the market does not. 4. Controlling losers is a must; let your winners run out […]
If you read Jesse Livermore’s “How to Trade in Stocks” from 1940, Nicolas Darvas’s ‘How I made 2M in the stock market” from 1960, Richard Love’s “Superperformance Stocks” from 1977, William O’Neil’s early version of “How to make money in stocks” from the 1990s or Howard Lindzon’s “The Wallstrip Edge” from 2008, you will realize […]
Most new traders never make it through the learning curve and traders that are successful early on at making money only discover that they were lucky and did not have the skill they thought they did. Traders go through many stages in their development and they can’t skip a step, they must learn the lessons […]
Revered the world over for centuries as the essential text for warfare and battle by the ancient philosopher and general Sun Tzu (544 BC–496 BC) explains the principles for dealing with war, personal conflicts, and achieving success in the battles of life. Here are ten principles I believe we can translate to trading the markets. […]
Here is a list of trading strategies used by different types of traders to make money in the markets. Day trading: Day traders open and close their trades inside regular market hours. Day traders avoid the risk of overnight gaps but can only profit from intraday price moves. They close their positions by the end […]
A new article on Social Media Today reports that amid its various new updates and features in development, Twitter is also working to latch onto the rising interest in NFTs, which has seen digital artworks take on a new life of their own, generating billions in sales as users look to buy up the most […]
A risk management process for a trading system is not just math but also includes human psychology. The psychology of execution is just as important to profitability as the trading dynamics of the entries and exits of a trading method. Humans have fear, greed, and egos and these elements can interfere with the process of […]
Raymond Dalio is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds. Bloomberg ranked him as the world’s 79th wealthiest person in January 2019. Here is a video posted by Investopedia on Youtube where Ray Dalio explains how to […]