I wanted to highlight a personal post redarding a recent stop-loss experience from the 59 Cedar Street blog, which personifies experiences I have had, and I know we all have had.
BP references the fear once in a trade and the almost compelling notion to move your stop to break-even once profit is achieved. I […]

Readers,
I just started reading Mark Douglas’ The Disciplined Trader and am gripped by the intro and first chapter and wanted to pass on the reference to those who are gripped by fear in trading.
I take notes on everything I read, and in this book, I have written down so much already, and I am just […]

I often try to mark-up the “perfect trade zones” based on my system each evening looking back at the day’s action, and today offered very little in terms of trades I identify and am comfortable taking. Today, I was chopped around as I tried to play the short side because of the strongly negative […]

I wanted to point to a recent, clear example of the “Impulse Buy” trade I’ve been referencing. The chart ends March 23:

A few highlights:

Note the consolidation (base) preceding the move
The new momentum high drives price sharply up as news broke (Chrysler may be a take-over candidate)
New traders entered after the news broke and probably […]

I found the article Positive Trading Attitude at the Money Blogs to be particularly interesting.
A few quotes:
“…the right attitude helps create the conditions to reach your goals.”
“The acceptance of personal responsibility is a key difference between successful and unsuccessful traders, and success can be traced back to a positive mental attitude.”
“A positive attitude definitely is […]

Have you ever been caught in a trade and your emotions are overtaking you, causing you to make a decision based on your feelings? Was it a good decision after the fact?
Typically, if we trade specifically on emotion (greed makes us buy too late, and fear keeps us in too long… or prevents us from […]

By analyzing fundamental components of the economy and business cycles, you can gain an edge using technical analysis signals. But what happens when fundamental signals (or anticipated releases) thwart an otherwise good technical setup?
When I first started trading, I wanted as many signals to be in line with my analysis as possible, and as […]