Posts Tagged ‘TI-Trading Plan’
Add Some Fizz to ‘Your Natural Thirst for Learning’
Thanks to Trader Mike for finding this excellent list of How to Fail As a Trader in 10 Easy Steps. #4 should be #1: 4 Look for the right system [the Holy Grail]. Rather than gaining an understanding, search for the killer trading system – it is out there and it will make you rich…
Read MoreOnline Trading Journals: This Innovator Tells You How He Lives to Trade Another Day
An online trading journal is like a CSI team picking apart your trading crime scene. When maintained and reviewed it gets easy to spot what works and what doesn’t. Even more important are the correlations you can spot as to reasons why trading results fail to live up to expectations. For example a trading journal…
Read More2 Trader Takeaways from February’s Market Drop
The market gapped down and fell more than 400 points on February 27, 2007 marking the largest drop since the September 2001 attacks. While the press and pundits analyzed the fall from many angles, there’s been a paucity of comments regarding lessons learned from a traders’ perspective. Here’s our take that combines risk management technology…
Read MoreOne Way to Win It All on CNBC
I am in it to win it – the CNBC Million Dollar Portfolio Challenge. I got hooked. Since Thursday I’ve been in Chicagoland making plans with new partners and a presentation for Scottrade’s User Summit. One of my visits took me to the offices of Kingstree Trading LLC to see Charles McElveen, its gracious and…
Read MoreThe Traders Expo Welcomes Trade-Ideas and the 2nd Annual LCS
We’ve changed the dates and format of the Trade-Ideas 2nd Annual Learning Curve Seminar! Yesterday I conferenced with Dan Mirkin and our superb event coordinator, Heather, to plan our annual user’s conference set for June. We expected to follow the same format that succeeded so well last year: a June conference in San Diego at…
Read MoreThink You Know Where the Bottom or Top Is? These Scans Will Help Spot It
Bulls and Bears come to Trade-Ideas to place signposts that point to where certain stocks are headed – this is especially easy because much of the information is free and updated daily. Signposts are like road signs that help traders clue into which direction in which to trade. The more signposts a trader puts on…
Read MoreTo Clear a Trader’s Head: Just Flip It
On the topic of Perspective: Lady Astor: “If I were your wife, I would poison your coffee.”Winston Churchill: “If you were my wife, I would drink it.” Captain Kirk reveals a great technique for changing one’s perspective that eliminates opinions and sticks to strict objectiveness in trading decisions: flip the chart. Flip the chart and…
Read MoreWhat’s Above the 20 Day SMA and Up 5 Days?
Not everything went off a cliff this week. Some stocks are still above their 20 day moving average and are up each day of the week (as of Thursday’s close). TickerSense points out it’s important to look for stocks that weather the storm rather than what got hit hardest. So here is a custom scan…
Read MoreTrade-Ideas In Your Town: Chicagoland
Last week we announced the dates of our 2nd annual Trade-Ideas user’s conference we call the Learning Curve Seminar: June 19-20th in downtown San Diego, CA. If you can’t make it there for those dates, come and visit us during the upcoming Scottrade ELITE User’s Summit scheduled for Saturday, March 24 in Chicago, IL. The…
Read MoreDaily Ticks: P&L Management
One item that’s got our attention today: it is Dr. Brett Steenbarger’s column from over the weekend regarding his series on trading Best Practices. In the article Brett considers one practice used by new traders (about eliminating emotion) we’ve seen put to good use in offices across the country. P&L Management: A Best Practice in…
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