Archive for May, 2011
Practice Winning
Whether it’s sports or music or any other craft – including trading – there’s no substitute for preparation and practice. But for those who want to be great, that’s not where it stops. Both your skills and your mental game must be improved.
Walk the Line
There’s a very fine line to walk between respecting what the market can take from you, and having the confidence to take a risk and get paid.
Flip Your Fears
“Look…if you had one shot, or one opportunity … to seize everything you ever wanted in one moment…would you capture it, or just let it slip?”
Pivot Points to Watch 5-25-2011
I’m seeing a ton of stocks sitting just beneath descending trend lines, all of which are potential pivots for bullish moves. In the video, I run through a couple dozen setups to keep an eye on.
Not a Pattern Day Trader?
The phrase ‘Pattern Day Trader’ has this negative connotation to it which scares a lot of people unnecessarily. It conjures up images of high risk or compulsive behavior, neither of which are entirely accurate.
Premature Evacuation from Trades
All of us have the occasional urge to jump ship early from a trade, but when is it the right time and how should that be done?
Choose Your Discomfort
Contrary to what most traders think, the hard part of trading isn’t being right or wrong. Discomfort is the hard part.
