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HOPE is Not a Trading Strategy

HOPE is not a trading strategy! The market doesn’t care what side you’re on, and it has far greater staying power than you do….

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3 Signs You Have a Pet Stock

No doubt we’ve all encountered our share of “pet” stocks, but are you holding onto any of them right now? Here are three signs you may have a pet stock…

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Good Stuff from Gartman

I believe we can learn a lot from other traders, and the mentality that keeps us willing to learn is the same one that allows us to …..

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Intuition or Into Wishing?

The Market Wizards books by Jack Schwager are must-read books for traders of all kinds. These books are loaded with interviews with top traders, and it’s interesting to learn how the featured traders made it to the top of their profession.

One of the featured traders is Ed Seykota,

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Small Mistakes = Small Consequences

One of my favorite trading books is Reminiscences of a Stock Operator by Edwin Lefevre. Based on the trading of the famous Jesse Livermore, Reminiscences is full of trading lessons from cover to cover. Although it was written 83 years ago, it still applies to today’s market. Learning from the successes and [...]

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Patience

Sometimes it’s good to take a break from trading. I’ve called it a year already and can now relax and take it easy until January 3rd when the market reopens. In the meantime, I can spend time with family, do some traveling, and get clear on my trading goals for 2006. I [...]