Tag Archives: trades

Remix: 10 Rules for Rookie Day Traders

There are always going to be different sets of list for new traders. All offer some value. We are always going to believe our rules are better, obviously we are biased. Michael Sincere wrote a post entitled 10 Rules for Rookie Day Traders.  His rules are in bold with comments below. Here is our philosophyContinue Reading

The importance of success in succeeding at trading.

I can’t even begin to tell you how many times I have failed.  I will fail tomorrow and the next day and hopefully I will have an opportunity to fail till I am dead.  Failure can be an important learning tool. Different shapes and forms. Failure comes in all different shapes and forms.  The distanceContinue Reading

I don’t give a f#%& if I miss a trade.

There are several things you have to get over as a trader.  They are the cost of doing business. Missing a trade is one of them. If I am fortunate enough to be in a position to miss a thousand more trades it means I am still a trader. That statement is obviously a bitContinue Reading

Killer Setups…

… I mean reliance on setups alone, kill.  A setup is the least important part of trading. What are a few things more important than setups? A plan Without a plan it is hard and inefficient to learn.  Trading in some respects is like an experiment. There is a control group and a variable group.  Without aContinue Reading

Dealing with entry timing.

I got this question today. How do you personally get around from being “too early” or “too late” on an entry? There are a few things that have helped me get over missing a trade or “being right” and not making money. Opportunity vs profit. I thought the market owed me profits.  Now, I seeContinue Reading

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