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Have you ever wondered why most traders consistently lose money? There are several reasons why this happens, but it’s usually because traders follow some outside system they picked up somewhere, and followed it blindly. It may work for a while, until it ultimately fails. Some traders can make a...

Mastering Your Inner Game All traders make mistakes, but the successful traders have learned how to manage their inner game. First you need to have an edge, a combination of good trading strategy and risk management. But it’s also critical to have the right mindset. It doesn’t matter how good...

I'm sure I'll keep a few, like the Market Wizard series. Most of the books on trading strategies I find pretty useless. However, I find value in those written about trading psychology. I'll let you know if I find anything worth keeping.

Will do, thanks. :thumbsup:

I meant the instrument you're trading and, more specifically, the trend. In a strong trend, you use higher leverage.

It basically boils down to a good money management. The common denominator among all these successful traders is that they double or triple down when they're on winning streaks and drastically cut their losers early on losing streaks.

BTC only makes up a fraction of my overall portfolio, so I ain't too concerned. Yeah, I might jump ship in the near future and trade dex. But frankly, the security part is too much of a bother (you know, the risk of being hacked and all). I'm a simple trader. Just focusing on charts is hard...

Markets exist for one purpose and only one purpose only—they exist to facilitate trade. Facilitating trade means that the markets will do anything they can to get individuals to participate in the market. How they do this is through movement. Markets move up and down searching for buyers and...

Who are You? Linda Bradford Raschke SFO Magazine August/September 2003 Both experienced and aspiring traders spend a great deal of time trying to recognize patterns in the markets – charts and indicators on multiple time frames, seasonal tendencies around specific times of the month or year...

Yeah, I know. But I have a nasty feeling something might go down over the weekend. Will have to see. Anyway, CME is closed until 8PM EST on Sunday.

Unloaded at 36500. Will reassess over the weekend. It could go higher from here but the downside risk is also great IMO.

Out 149.71.

The importance of intermarket analysis John Murphy The basic premise of intermarket analysis is that all markets are related. In other words, what happens in one market has an effect on another. Commodity prices and bond prices usually trend in the opposite direction. (Commodity prices and...

Out BE Time to wrap up for the weekend. Go west, folks. Speaking of which, when is Putin getting out of Ukraine? Damn pig.

Short 28.25

12:00 CST now. Man, what the hell happened to the vol? This market is asleep.

So you were that drunken dude who got down on the floor with Tokyo Joe! :D

Time to sell AutoNation?? Strange though, the stock is up today.

That's never good. Why don't you take a time off for a week or two? Give yourself a detox. You'd be amazed how much that will clear your head.

Short 149.81 SL 150.07