I had an interesting trip to a local store yesterday afternoon. I’ve been thinking about getting a fish tank for my office. I hear they’re calming and I know they look great. So a salt water tank seems like it would be an attractive addition to my office but I have no idea how much [...] Read more »
Trading in the Trenches
Anyone can look at an old chart and say, “You should have done this or that.” But real trading is in the trenches, that is the live market. I want you to have every possible advantage. So I let my students follow my trades, as I buy and sell, real time. Since my system doesn’t [...] Read more »
The best way I found to help those in Haiti
I treat my giving like my trading. I analyze, back test, diversify and research before making a decision. In the case of Haiti relief I found this great site that does much of this for you. This is a good resource if you were like me and wanted to do something, but was not totally [...] Read more »
Big A Quotes
We let price prove itself before committing our money. The sooner you accept that you really don't know the future, the sooner you will trade with 100 times less stress. The trend is your friend. We rarely catch the exact top or bottom of a trend so don't expect to. Every trend ends. Every [...] Read more »
You Can Not Learn ALL There Is To Learn About Trading
The title to this article may shock you, coming from a guy that sells trading education, but I’ve been at this a good long while now and I don’t know it all. I do know some ways to make money trading ETFs; and I know some ways to lose money trading. One sure way to [...] Read more »
Winners and Losers: It’s Not The Trades It’s The Traders…
You know the difference between winning and losing trades — we’ve all experienced both and know the joy and the pain well. But, when we look at losing trades, most of the times it’s not the strategy that has failed but, rather, the trader. Yes, that probably means you. But, today I’m going to talk [...] Read more »
ETF vs. Mutual Fund: Why Trading ETFs Will Make You Richer
For the knowledgeable, active investor who wants to participate in big picture trends, the Exchange Traded Fund (ETF) has many advantages over the traditional Mutual Fund. ETFs are far more transparent, efficient and economical. Be A Control Freak. You know it’s true: the only person who really cares about the health of your portfolio is [...] Read more »
I don’t have a clue…
I don’t have a clue… I don’t have a clue which way the market is going, nor do I care. One of the best revelations a new trader can get is that you don’t need to know which way the market is going to move. When I say the market “should” continue to trend to [...] Read more »
Portfolio Diversification and Other Myths like Bigfoot
Last week I watched a TV program on the legend of Bigfoot. So many people are still convinced that it exists! The vastness of the wilderness allows hope to spring up that some prehistoric or otherwise unique critter could be hiding out. The same hope for existence is true of other mythical creatures: the yeti, [...] Read more »
Do You Know the Secret
Becoming a successful, profitable trader might seem to be difficult to master and, at the same time, it is potentially the most profitable set of business and life skills that you can develop for yourself as an individual. Achieving mastery in trading brings rich rewards, yet it is not really a goal or a destination [...] Read more »
