Comments on: The View From the Hammock

By: Stop It! | TheStockBandit.net

Stop It! | TheStockBandit.net — Mon, 12 Nov 2007 13:48:45 +0000

[...] And last but not least are those trades which haven’t yet proven themselves. These are the trades that deserve the least amount of credit, and a hard stop should be in place at all times for the full amount if these trades start to misbehave. With commission costs so low, there’s simply no excuse for keeping a position once it begins to cost you money. Cut that thing quick, get it off your screen, and re-buy it later if you start to see signs of promise again. In the meantime, kick it to the curb and look for a better opportunity (even if that means going to cash). [...]

By: Make More Than Your Broker! | TheStockBandit.net

Make More Than Your Broker! | TheStockBandit.net — Thu, 27 Sep 2007 15:33:16 +0000

[...] At times, you’re going to be better off just not trading at all. For some, it’s the first few minutes of the trading day or the very end of the session. For others it’s when you have personal distractions, such as during the holidays when family is in town, or when a life-changing event comes along. Some traders just can’t stand to trade during the light-volume summer months. Whenever your least-favorite trading time happens to be, it’s up to you to identify it and avoid it. Shutting down the PC during that stretch will keep your mind clear as you avoid any confusion which would result from your trading activity then. You’ll be preserving your trading capital (Goal #1) instead of adding to your broker’s bottom line while your account stagnates. Take a trip. Go tee it up or scratch some things off your to-do list. Just find a way to take a break so that you don’t trade when you know it isn’t your ideal time to locate profits. [...]

By: TheStockBandit.net » Headed for the Beach!

TheStockBandit.net » Headed for the Beach! — Thu, 01 Jun 2006 15:55:36 +0000

[...] I’ve talked before about when not to trade, but it’s time for me to do that for a different reason - VACATION! So, I’ll be stepping away for the next week or so to put in some beach time and R&R. I love to trade and always enjoy staying connected to the market, but I think it’s a good idea a few times a year to get away and have some fun to recharge your batteries. The market will be there when I get back, and the trip will be a blast. Needless to say, there will be no posts while I’m away, but when I do return I’ll be starting my next series which came by request! [...]

By: TheStockBandit.net » Great Expectations Series - Conclusion

TheStockBandit.net » Great Expectations Series - Conclusion — Thu, 18 May 2006 14:34:26 +0000

[...] Blending Your Style With the Current Environment – Gauging how the market is behaving on your timeframe will allow you to trade aggressively or walk away when the time is right in order to improve your profits and limit your losses. Networking with other traders is a great way to keep tabs on several trading methods and timeframes, helping you to know what is working and what isn’t. Knowing how and when to apply your abilities and resources will help you reach your goals faster and easier. [...]

By: TheStockBandit.net » Great Expectations Series - Introduction

TheStockBandit.net » Great Expectations Series - Introduction — Tue, 02 May 2006 13:38:51 +0000

[...] I’ve written a number of posts in the past about such topics as Trading Without Emotion, Trading your Personality, Goal Number 1, Trading Goals, Doing Your Homework, How Much to trade and even When Not to Trade. This series will be an attempt at going a bit deeper on these topics as well as tying them all together for the benefit of any trader, regardless of timeframe or trading experience. [...]

By: TheStockBandit.net » Changing Gears

TheStockBandit.net » Changing Gears — Wed, 15 Mar 2006 16:39:44 +0000

[...] Refine your game plan. Keep an eye on key market levels that would trigger a breakout or a breakdown. Have an if/then plan in place. This is so simple that it’s often overlooked by traders, but don’t make that mistake. If the indexes rally above key levels, then it’s time for you to take action. If the indexes crack key support, then it’s time for some short selling. And of course, if we remain range-bound, then it’s naptime! [...]

By: Gangineni Dhananjhay

Gangineni Dhananjhay — Tue, 14 Mar 2006 09:00:09 +0000

A great revelation to traders llike me. I think sitting in front of the screen some how forces the trader to take trades where there may not be any edge. Transaction costs will ultimately catch up with you when you take large no of impulsive trades