Thursday, August 21, 2014

Trading Psychology

Day Trading Mistakes

There are some major day trading mistakes that just about every new trader will make early on in their career.  The ones who survive are those who can recognize these mistakes and take corrective action. The first mistake many day traders make is to skip the planning phase of the day or a trade.  Every […]

If You’re Short Amazon (AMZN), Raise Your Hand

shorting stock, day trading, day trading strategies, against the market trend

If you’re short Amazon (AMZN), raise your hand and Tommy will come over and hit you on the head with a tack hammer. There was no end to the stream of people getting killed trying to short this stock.  I’ll admit, this was one of the stocks that I talked about day trading yesterday. I tried to short […]

Groundhog Day Trading

day trading blog, day trading strategies, day trading mistakes

Day Trading Mistakes Happen.  Get Over Them and Move On Have you ever seen the movie Groundhog Day?  It stars Bill Murray as a disgruntled weatherman who’s pissed about his assignment to cover the events surrounding Groundhog Day in Punxsutawney.  Due to a blizzard after the events he is forced to spend the night in […]

Stop Micromanaging Your Trades

bracket order, day trading blog, day trading strategies, day trading tips, daytrading strategies, daytrading tips, day trading, daytrading, stock market, stock charts, trade management

What do you do once you’ve entered a trade? Do you already know where you’ll exit, be it a win or a loss, or do you just meander along until you feel like exiting? Or, even worse, do you sit there and agonize over every single move in your stock; exiting too early or too […]

The Market Doesn’t Give A Shit About You

The market doesn’t care if you’re a bear or a bull. It doesn’t care if you think it’s oversold or undervalued. It doesn’t care about your fundamental analysis or your charting skills. The market will do what the market will do, with or without you. You are not in control. Accept It One of the […]

You’re a Loser, Get Used To It

Contrary to popular belief, day trading is all about losing.  Winning is great, but it’s how you deal with the losses that will define you as a trader.  If you can learn from every trade, win or lose, I can almost guarantee you will succeed in your trading endevours. Better Trades The first thing you […]

Goooaaal!

day trading patience, daytrading patienc

Day trading requires patience. One of the only things better than really nailing a trade is the satisfying sound of the ball cracking into the back of the plexiglass of an indoor soccer goal. I am not a prolific goal scorer, but I recently scored a goal that was hailed as the “Goal of the […]