There is no secret sauce to control your trading psychology on ever single trade – but you can get better at it over time. More often than not it’s the impulsive trades that become destructive to our portfolio. You know the trades we make on a whim and hope with no more than 15 seconds ...…
This morning the European Debt Crisis got a little worse as Standard & Poor’s downgraded its rating on Italy last night to A from A+. The new report pointed out multiple problems with the Eurozone’s 2nd largest debtor including weak economic growth, rising borrowing costs and record levels of debt insurance. Last month the European ...…
September was another clean-up month as the market continue to head lower with big sell-off and volatility spikes. Kept the portfolio very light and most of our money in cash once it started – the only small loss we took was with our 1 credit spread position after rolling it lower to avoid bigger losses. ...…
Becoming a successful trader is a process. It doesn’t happen overnight or everyone and their mother would become traders. It’s a process of constant research and studying, which can actually be very mentally challenging (yet stimulating at the same time). There are no successful traders who made a killing on the first day – myself ...…
I was on a coaching call last night with another student and we were looking at Gold (GLD). I had noticed that it’s flashing a pretty large bearish divergence signal on the daily chart using a MACD Histogram. Now, I’ll be the first to tell you that Gold is all over the media right now ...…
Bernanke’s possible QE3 program is back on the table and possibly coming to a printing press near you! Following his comments in Jackson hole, the Federal Reserve chairman made it clear that they would continue to help where needed – secret Fed code = QE3. What is Quantitative Easing? Everyone’s talking about it yet you ...…
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