Search results

Find a shorter term strategy and do options trading. Much higher yield. In 2010 I would have yielded 115% had I traded stocks. The 8500% I actually got trading options moved my account forward a bit faster. The key to making this work is to understand time decay and purchase options 8-12 weeks...

If you're new to technical analysis, or guessing trends, this may or may not be helpful. But it's a fact that when a sector goes up, 71 percent of the stocks in that sector also go up. And when a sector goes down, 67 percent of the stocks in that sector also go down. So, if you can analyze the...

I'm reading Forbes magazine from October 2010, and Warren Buffet's bio says this; "Secret to success: Emotional stability" (page 21). There is something neurotic about watching a ticker. Every movement up sents a thrill of elation through the gambler and every tick down causes the stomach to...

I know I'm a couple of months late on this thread, but, gosh Will, you're making 40% in 3 years? That's like 12% per year compounded. Most mutual funds can do that. It's no wonder you're getting burnt out. You've been at it for 4 years and haven't even doubled your money. As a fellow swing...

Rolando, in response to your first paragraph, I agree completely. The initial stop loss is the place you deem the trade to be invalid, so it's not reasonable to move it arbitrarily just because the price moved some. Well put, and very logical. In response to your last paragraph about...

I'm going to hold you to that statement when Monday rolls around.

Open up an MACD and you'll notice 3 numbers. The 1st and 2nd numbers are two moving averages. Usually it is 12-26. So the MACD measures the price difference between the 12 period EMA and the 26 period EMA and plots it on a graph as a lower study. If you change the firs number from 12 to 1...

Simple trading plan that works. Okay, let's see. Once upon a time, when I was getting into trading, my brother and I traded together. He saw that I had a tendency to get in early, anticipate reversals, and hold too long. So he took advantage of that. Whenever I'd get in with puts, he'd go...

So I couldn't help but add my 2 cents. My opinion of gambling is that the odds are less than 50%, and there's a significant emotional attachment that keeps someone from walking away after significant gains or losses. Most traders qualify for this, but not all of them for sure. The trader...

Chris, if you're looking for the common thread among the best traders, I'll tell you what it is. Most traders start trading because of the hope of riches or some other superficial reason. But the ones that become great, at some point along the way, transition from "doing it for the money" to...

There was a time when I first began trading that I didn't know anything about the market. I would see every movement as a "possible trade." So when a big move would happen, I would analyze it and ask, "How could I have been clued in to the fact this was about to happen?" At that point, I felt...

This is a good observation. But I wonder if there is a third option. The question was would you go high society or anonymous. How about neither/both? Trading successfully can buy the life I want in ways that money can't. Not just the stuff, houses, cars, etc., but the people too. For example...

Try to think of the drive of someone who believes they can go pro in the NFL or NBA (equally high failure rate). The only difference here is that your destiny is in your own hands instead of the hands of a draft pick or a scout. The kind of person who trades for a living, and not just for...

So my brother is a broker. He related this story to me once when he had first passed his Series 7. A co-worker called him over to his computer and say, "Hey, watch this" *click* He pushed the button and the price of the stock rose like 60 cents in about 4 seconds. Then he said, "That was us! We...

Okay Feng, here's what you do. Go through your trading record and compare your BIGGEST loss to your AVERAGE win. If it's even close to 1:1, you have some risk management work to do. After that, realize that this below is probably the best advice you'll get from this thread.

Sorry about that, I've actually never used the term before. Just repeating what I've heard on here. All I meant by it is that lots of money, mine included, wasn't fooled by the decline and added to their positions right on the 200 day moving average. And by the way, directional trading is...

Very true. The market moves on people, not value. My theory is that the news dragging on caused people to continue selling off for a longer period of time than they would have under other conditions. Of course, not everyone was selling, just the general public. The corporate accounts and...

Someone's keeping tabs.

Personally, I like to think of the stock market like the sheep market. A herd of people who don't really know what's going on running back and forth like aimless creatures who are driven by the immediate actions of those around them. I don't feel that the profitability of Nike really drives...

I am curious, since there is such a wide range of traders here, how does everyone view the market. I mean, when I say the words, "The Stock Market" what's the first thing to pop into your head? A. Businesses B. A mass of people C. Patterns of Price Movements D. Other (Explain) I'm...