Category Archives: The Trading Process

5 AND 7 FOR AN IRRATIONAL STOCK MARKET

It is imperative that we develop ways to manage our emotions in an environment diametrically opposed to what would otherwise be considered rational.

THE STOCK TRADER’S PROBLEM SOLVING MINDSET

Problems cannot be solved with the same mind set that created them.

WHAT IS IN OUR CONTROL

As in life so in the markets…there are a few things we can control but many we cannot.

OBSTACLES TO STOCK TRADING SUCCESS

I believe anyone can become a successful trader but only when he begins working on the mental game via a strict, rules based trading process that accepts any of a number of potential outcomes.

BY IGNORANCE THE TRUTH IS KNOWN

We traders can use our ignorance as a tool for profitability. But can we handle it?

IT’S NOT WHETHER YOU WIN OR LOSE BUT…

the charts serve as a way to manage what is more often than not the unbridled emotions of the traders who are left on their own to interpret random price action from a wide variety of perspectives, none of which are right or wrong.

BUILDING A SUCCESSFUL TRADING STRATEGY

What does it take to develop a successful trading process? Simply put, a combination of technical analysis (TA) and psychological analysis (PA) with an emphasis on the psychological.

THE FUNDAMENTALIST VERSUS THE TECHNICIAN

Well, we can use all kinds of fancy, detailed explanations or we can keep it simple. I choose to keep it simple.

BUILDING A SUCCESSFUL STOCK TRADING STRATEGY

We kicked off our latest webinar with a discussion about how best to build a successful trading strategy.

SAME AS IT EVER WAS: RICHARD D. WYCKOFF ON SUCCESSFUL SPECULATING

In 1932 (!) Richard D. Wyckoff wrote the following in a book entitled The Richard D. Wyckoff Method of Trading in Stocks   Key Takeaways:  Do not ask for advice. Let the market provide ideas.  Self Reliance is developed by doing your own thinking, refining your own judgments, and forming your own conclusions.  The tape…