There’s something special that happens in the brain when you read (not off a computer screen) that stimulates the creative juices and strategic thinking part of the mind. Here’s a great book that can help do just that.
Tag Archives: Market Theory
Have you ever stopped and really taken a look at your trade data? Are you confident in your ability to trade consistently? Are you profitable over the long term?
In this post I address one of my biggest “light-blub” moments. Here’s what you need to know…
So what exactly is a trader’s value to society?
Nowadays, it seems trading is no longer about making markets, it’s primarily about speculation. About a year ago I conducted a survey to see what some of my readers thought. Here are my findings…
The number one way new traders fail is by counting the money that could be made on the trade when they should be focusing on how much they could lose on the trade.
To succeed you must be able to accept the risks and apply money management techniques such as stop loss orders, max daily loss limits, and account draw down rules.
As a trader, I’m sure you’ve been pressed with the question, what value do you add to society?
Over the years I have heard arguments for both sides ranging from “a trader provides liquidity, they transferring risk from farmers, to trading is a zero sum game.”
That’s right, to beat the market is simply impossible, no one can win 100% of the time. Just like in blackjack, no one can win every hand. However using the S&P 500 as your benchmark it is possible to produce significantly higher returns and outperform the market, here’s how.