Is forex trading profitable? Is day trading profitable? Are commonly asked questions by new traders but the answer can be yes or no depending on how someone trades. Yes, trading is profitable if you have a positive expectancy model where the average win is bigger than the average loss over a series of trades. Profitability […]
These are the Principles to Succeed in Trading and in Life “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded into a […]
When you enter a trade a stop loss is the exit tool you use to know when it is time to get out of the trade because you are losing money. A stop loss is the tool you use to prevent a small loss from becoming a big loss. This is one of the most […]
Mark Minervini is a legendary stock trader featured in Jack Schwager’s book “Stock Market Wizards: Interviews with America’s Top Stock Traders“. In the book Schwager wrote: “Minervini’s performance has been nothing short of astounding. Most traders and money managers would be delighted to have Minervini’s worst year–a 128% gain–as their best.” Starting with only a […]
Compound interest is the eighth wonder of the world. He who understands it earns it, he who doesn’t, pays it.” -Unknown Why is compound interest considered the eighth wonder of the world? Here are three shocking examples of the exponential growth of compounding. If you start with capital and grow it an additional 1% everyday […]
YOU have a MUCH BETTER chance of success than I ever did. When I started, all I had was the local library and books on strategies that never worked to begin with. With YouTube, Zoom and social media at your finger tips, it’s a great time to learn anything.
Sturgeon’s law states “Ninety percent of everything is crap.” The saying came from the science fiction writer Theodore Sturgeon. Sturgeon came to the conclusion that even though science fiction was criticized at the time (1951) for its low quality it was true for all fields. The majority of work in all professions were also low […]
A breakout into an overbought price level as measured in the historical context of an oscillator. This is almost always a bad trade. $SPY breaking out into a 65 RSI is not the same as it breaking out of a long term price range, to all time highs over a 50 RSI. Buying a breakout […]
According to Thomas Bulkowski, the best performing and also most likely to be profitable chart patterns are: bullish flags that are high and tight that breakout to the upside and complex head and shoulders top chart patterns with breakouts to the downside. His picks are based on his exhaustive research and backtesting price action on […]
