Tag Archives: trading

Resting orders, trading plans, and intuition/fear signal crossing.

This originally appeared Dec 2010, updated below.  I had a nice email exchange over the past week. Originally we had talked about pulling the trigger, I asked him to send me his trading plan. In addition he asked me my opinion on resting orders. A plan is only as effective as your ability to exceptContinue Reading

One of the better posts about trading ever written.

Positive Expectation, Scenario Gaming, and Moving Beyond Certainty from Jack Sparrow at Mercenary Trader is one of the best posts about trading ever.  It touches on many very important parts of trading and building the correct mindset in an efficient way. Mainly it talks about getting rid of the bullshit, removing (yes removing) certainty. WarrenContinue Reading

Two ways to protect your account from you.

There is something to be said about starting over.  Many people have lost their fortunes and rebuilt. We have all done destructive things to our accounts. Maybe it is ego, bad luck, too much risk, or self destructive behavior. But first thing’s first, you have to build something first. Below is how to save you fromContinue Reading

Difference between process and strategy.

This originally appeared in January 2012. I received a comment asking me to explain the difference between process and strategy. If I could talk to myself 8 years ago I would have a conversation with myself about process vs strategy.  I would spend 95% of my time on process and 5% on strategy and asContinue Reading

Email: Overtrading and lack of discipline.

….I tend to over trade and find it very hard to stop myself  from hitting my daily stop.  I just always feel like I can do better whether I am up on the day or down. This email came from someone who bought Top Trading Tips For Our Time and as promised I got back to them. HereContinue Reading

In love with the grind.

Trading takes some faith.  When you start you are blinded by the upside.  You hear of or if you are fortunate you actually see people make money. If anyone says they do not get into trading for the easy money they are lying.  If, after a period of time, they say it is easy moneyContinue Reading

Help Children with Cancer and Gain Perspective on Trading

Brian Lund, in collaboration with over 60 traders, created Top Trading Tips For Our Time.  The best part of the e-book is that it draws from many different perspectives (institutional, independent, futures, stocks, bonds) and traders at different points in their careers. The book contains something for everyone and is presented by topic. Not onlyContinue Reading

The Three Most Important Words in Market Forecasting

“In this market…” Whenever I am asked to make a prediction, I start or finish with “in this market.” Although I look at longer term charts I do not trade off of them. I look at long term charts only because I know other people look at them.  Much of technical analyst, the predictive part,Continue Reading

Market Participant Hierarchy of Fears

How does yours differ?  How would you change it? We would really appreciate your feedback, if you like, hate, or think we are full of crap. Please leave a comment, a voice mail (312) 725-9121 , email info @ traderhabits (dot) com or twitter, stocktwits, youtube and facebook. Subscribe to Traderhabits by email or to newsletter.Continue Reading

Anticipating Market Profile Change

                                                                                                             Continue Reading

The services and materials provided should not to be interpreted as investment advice, an endorsement of any security, commodity, future, or personal investment advice, or an offer to buy, sell, hold or trade futures, options or commodity interests or a recommendation to buy, sell, hold or trade futures, options or commodity interests. You assume the entire cost and risk of investing and are solely responsible for any and all gains and losses, financial, emotional, or otherwise, experienced, suffered, or incurred by you.