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Knowing the mechanics and rules of the trading game (yes, it is a game!) is not enough. Discipline and the proper trading mindset is very important. I read in a trading magazine that the learning curve to trade successfully is about 3 years. In this timespan, it is more important to KEEP your...

4 Levels of Trading Competence Level1: Unconsciously Incompetent. This is when a person is losing money and don't know why. He tries new systems, new newsletters, new gurus, new brokerage accounts, etc. Level 2: Consciously Incompetent. The person still don't know what he is doing. Still...

You are so right about not knowing what direction the candidate stock you picked the night before will actually go. I refrain from predicting the market movements. To predict is very dangerous in this profession. he-he While I check fundamentals and technicals, the market movements tell me what...

I would not judge Jesse Livermore's trading style by what happened to his life. He self-destructed. Obviously money by itself does not buy peace of mind. Ultimately, true happines is indeed free. His technical style is very profitable as evidenced by the way he made money when he follows it...

Aneress, there is a Las Vegas Stock and Options Club that meets once a month in Whitney Library (Tropicana). They have a few full-time traders including me although I have missed the meetings for a few months now. he-he The markets in energy and precious metals are now taking most of my...

No such thing as a "cookie-cutter" system that will apply to everyone. Everybody is different in personality, risk aversion, capitalization and goals. You have to find a combination of indicators that will appeal to you and one that you understand intellectually. For me, I like to have one...

I have some of Jesse Livermore's trading rules posted close to my trading monitors so I can see it everyday: "Trade what you see, not what you think." "Put the odds in your favor." "Play both sides of the market." "Don't average down." "You should not be in the market all the...

Let the markets go where it wants to go! Fib retracement is nothing but a helpful guide. Certainly a bounce off above a 50% retrace level is stronger than one below it. The key is assessing where the support levels are and how close the trading vehicle will bounce off it. Also how it has been...

To be an effective, well-rounded trader, you need to trade all timeframes- daytrade, swing and position trades. As sometimes a certain style is more profitable than the other.While I don't put a time limit when a position should be closed, swing trading works out to be a few days or weeks...

I have been trading for years on a part-time basis while keeping a regular job. But I didn't learn to trade profitably and consistently until about a year of full-time trading. There is something about watching stock movements day-in, day-out and making sense of technical trading indicators that...

I'm in LV too. After checking out Bright, I decided to trade on my own using my own funds. Nothing wrong with Bright- they seem sincere. But the personal freedom of trading on your own is priceless! I trade all timeframes- daytrade, swing, position trade. I use primarily stocks, options. But...