About Me

Feb 24, 2007: 8:35 AM CST

Let’s overcome fear and engage in one of the most challenging, exciting, and rewarding activities out there!

My name is Corey Rosenbloom, CMT (Chartered Market Technician) trader, educator, analyst, and I am excited to share with you my experiences studying and trading the markets and to hear from you regarding your experiences, challenges, and frustrations, and successes. My goal is to create a community dedicated to reaching out to those who have been burned by the market or are anxious about risking their money to make money in the stock, options, or futures markets. Together, we can share strategies and learn how to overcome crippling fears that keep us from achieving our highest potential.

I have been investing for the last 10 years but discovered the addictive world of trading during the wicked bear market of 2001-2002 and began actively trading the market short-term mid-2003.

After some bad trades following some early large successes (due to overconfidence and over-leverage), fear gripped me to the core and I spent the next three years oscillating between love and hate for the trading world and committed to learning as much as I could before committing more money to the active trading of the markets. I fought a constant battle with perfectionism and fear, and wanted to reach out to others beginning their trading careers who may be struggling as I did with “fear of the order entry screen.”

I deeply enjoy education, research, and analysis and would love to help you to improve your edge so that you can increase your confidence in yourself and your abilities. Trading without a solid education, as well as a personalized method of quantifying abstract market data, can cost you not only hard-earned money, but your confidence and your dreams of success. I would love to connect with others who are progressing through their lifetime learning cycles in the market and unite us through a community that fosters a supportive environment of networking.

Through this blog, I am hoping to keep in touch with all of you whom I met at various Trader’s Expos and conferences and meet others in the trading community. Most importantly, I want all of you to connect with each other. I will be writing market analysis and commentary, providing links to fresh articles and information, collecting volumes of resources that will help you advance your trading, and writing my own insights to share with you.

Please share your personal stories with me and get to know mine as well - I will be happy to post success stories and personal achievements as I receive them from you. Remember, together, we can stand and achieve our dreams; divided, we will fall victim to the wiles and traps of the darker side of the market.

Educational Experience: The University of Alabama in Huntsville

Master’s Degree: Political Science/Public Affairs (concentration in Business)
Research Areas: Cognitive/Perceptual Influences on Voting Behavior; Use of Emotion in Political Campaigns; The Economic Cycle and Presidential Preference

Bachelor’s Degree (with highest honors): Dual Degree: Psychology and Political Science
Research area: Cognitive Psychology. Topics: False Memories, Perception, Emotional Interference

Professional Organizations:

Affiliate Member: Market Technician’s Association (MTA)

Chartered Market Technician (CMT)

Level I - passed (November 2007)
Level II - passed (May 2008)
Level III - passed (December 2008)
CMT Professional Designation Granted April, 2009

Stock Market Conferences:

Trader’s Expo: Las Vegas 2005
Trader’s Expo: New York 2006
Trader’s Expo: Ft. Lauderdale, FL 2006
Trader’s Expo: Las Vegas 2006
Trader’s Expo: Las Vegas 2007
Money Show:  Orlando, FL 2009
Traders Expo:  Los Angeles/Pasadena 2009 (Speaker)
Traders Expo:  Las Vegas 2009 (Speaker)

Public Speaking Events/Seminars Presented:

Traders Expo:  Los Angeles 2009:  “Idealized Trades for the Intraday Trader”
Presentation to Local Money Managers - Huntsville, AL  “Idealized Trade Set-ups Using Basic Technical Analysis”
FuturePath Trading Summer Series/LBR Group Webinar:  “Best Trades to Take Using Structure, TICK, and Momentum”
Traders Expo:  Las Vegas 2009:  “Best Intraday Trades Using Momentum and TICK”
AFTA - Association for Technical Analysis (Dallas, TX) December 2009: “Conceptual and Convergent Trading Tactics”
TraderInterviews.com - 2010: “Price Principles to Enhance Your Trading Edge in Any Market”

(Contact us to arrange Corey to speak or prepare a seminar for your organization)

Paid Seminars Attended:

  • Become a Technical Purist: Eliminate Doubts about How to Enter, Where to Place Stops, How to Manage a Trade, and Whether to Play for a Small or Large Target (Linda Bradford Raschke)
  • Tax Considerations and Starting a Hedge Fund (Robert Green - Tradertax.com)
  • Discover the DaVinci Code Behind Stock Market Behavior - (Chris Schumacher and Bo Yoder)
  • How to Profit from ETFs by Using the Business Cycle and Intermarket Relationships (Martin Pring)
  • Advanced Price Projections Mentorship- Projections, Extensions, Retracements, and Cycles (James Bartelloni, CMT)
  • Ten-DVD Series on the Elliott Wave Principle (Elliott Wave International - Robert Prechter, CMT)

Key traders/educators/mentors I’ve met and attended seminars (and for whom I hold highest respect):

Linda Bradford Raschke (True Market Wizard & one of the best traders of today. Her knowledge and connections are amazing)
Bo Yoder (”fader trader” turned position trader/edge consultant.)
Toni Hansen (Mild-mannered, power-packed trader. Offers excellent education, chatroom, and daily commentary)
Toni Turner: (Introduced me to the Economic/Market Cycles - Author, Excellent Educator)
Tom Sosnoff and Don Kaufman: (Founder and educator at “Think or Swim” options brokerage. Entertaining with a wealth of info)
Martin Pring: (Most respected Technical Analyst of our time - also teaches intermarket relationships and the market cycle)
John Carter: (Respected trader/educator - very popular now. Author of Mastering the Trade)
Adrienne Toghraie: (Trader’s Coach, Motivator, “seller” of discipline - “Overcome Sabotages in your Trading”)
Dr. Doug Hirschhorn: (The “Trading Doctor”. Author of “The Trading Athlete”. Dynamic in person.)
Robert Prechter Jr - THE #1 Resource on all things Elliott Wave and president of Elliott Wave Int’l.

Corey’s Interviews:

StockTickr Interview Session with Dave Mabe (March 19, 2008)
We discuss my background, how I got started trading, strategies I use, my ‘horror’ story, and recommended books.

The Disciplined Investor:  “Making the Grade with Afraid to Trade.“  (May 19, 2008)
Andrew Horowitz and I describe the best ways to get started trading the markets, overcoming fears, why I started writing the blog, sector rotation strategies, and more.

The Disciplined Investor:  “Elliott Wave Theory in Action” (April 5th, 2009)
Andrew Horowitz and I delve into some of my trading strategies, particularly how I incorporate Elliott Wave into my trading style (and also how Elliott Wave incorporates Fundamental Analysis).  We also describe the “3/10 Oscillator,” how to construct it, and how to use it. I also made a bold prediction that the S&P 500 would likely continue to rise to the 1,000 level.

Tim Bourquin of Trader Interviews.com:  “How to Trade Trend and Range Days” (June 29, 2009)
Tim grills me to explain specifics of my trading strategy, what I look for, a recent successful trade, and what constitutes my definition of an “Ideal Trade.”  I also describe how I identify “Trend Days” as they develop and why that is so important for considering leverage, position sizing, and trading strategies for the day.  Tim commented “The last 10 minutes of this interview can’t be missed!”

Karen Gibbs of the MoneyShow.com:  Five brief interview segments at the Los Angeles Traders Expo 2009:

1.  Trade From the Big Picture

2.  An Important Low?

3.  Good Time to Buy Dollar-Denominated Assets Now?

4.  Conquering Fear and Greed

5.  Trading With an Edge

Tim Bourquin of the MoneyShow.com:  Four brief interview segments at the Las Vegas Traders Expo 2009:

1.  Why “Confluence” Means More Confident Trades

2.  How Market Correlations Identify Profitable Trades

3.  Watch Market Internals for Buy and Sell Signals Intraday

4.  Intraday Trading Tips

Corey Rosenbloom

Contact me at corey AT afraidtotrade DOT com.

I am available for private mentoring opportunities, seminars, and consulting. Contact me for personalized information.

I currently assist newer and experienced traders in developing risk management strategies, edge development, strategy construction, and basic market trading education across multiple timeframes.

Very select advertising opportunities/Affiliate Networking Opportunities are available. Contact me for site statistics and for the possibility of site advertisement or sponsorship. The site currently averages over 4,000 page views per day and an RSS Subscription of over 3,500.

Please contact me for more information of how I can help you or your organization on an individual basis.

May the market give you the desires of your heart.

  • emmanuelsackey
    I just read your writings and i want you to be my mentor,pls.
    I am from Ghana.
  • It is very helpful for me. I bookmark this site.
  • ericdugan
    Love the motto. I have been trading for 17 years and have found that trading scared is the worse thing you can do. I have been looking for
    a correction in the market for the last couple of weeks and thought
    the Nikke's Key Reversal signal on Monday was the tip off. I actually
    trade a model that has intraday short SP signals that have been used
    to outperform the SP 500 by over 30% since January 2008. Actually had
    a sell signal on today's open and exit on the close. Would love to chat.
    Good luck and congrats on the site.

    Regards,
    Eric
  • dubble
    Hi Corey.. I'm a new subscriber. I live in Nashville..just up the road.I'm excited to move my trading forward and look forward to refining my skills and becoming consistently profitable. Thanks for all the good info so far..

    Dubble
  • Viktor
    Hi, Corey,
    Excellent blog and web site, I'm beginner in trading. After loosing, and then investing in education, I started managing my trades better and loosing less, but still permanently looking for more education, especially from someone who started like me, with loses and not having anyone for advise. Recently watched your presentation “Idealized Trades for the Intraday Trader”. and must admit I never seen more useful and so easy to understand presentation than this one. After watching it i rushed into your website to find more learning material, but most of it coming soon. I hope it's coming really soon. Thank you for what you are doing.
  • Tom
    Dear Corey:

    I am having trouble with the NYSE Member Short sale numbers. They used to be readily available and understandable in Barron's but they now have to be dug out of the NYSE website and I am not sure what is different but they do not speak to me now and they are confusing. Am I reading things wrong or is it that the specialist is not what the used to be?. Should we be looking at other things like the S&P Futures Commitment of Traders Report or what to see if the pros are really short? Please let me know when you have the time your view in regard to this professional shorting question and if you cannot address it on your website then I would greatly appreciate a response to my email. Thanks a bunch and keep up the great work.
  • Manoj,

    Thank you for reading and for your comment. I'm so glad to have you join us from India! It does take time, and I'm still learning a little more each day and still learn from mistakes. I'm so glad you're pressing forward and I encourage you to keep it up!

    Please let me know if I can be of any help.
  • JSP,

    Absolutely! Feel free to email me privately or post a comment publicly on the blog to see if I can help. Thanks for reading!
  • Manoj
    Hi Corey,
    First of all let me congratulate on the brilliant work you are doing with publishing of this blog.I been trading in India fr last two years...basically been here and done that types.After two years, I am where I started from.But that has not deterred me from pursuing trading.Reading your blog about your initial trials and tribulations, I see myself in the mirror.The only difference is that you have moved ahead and I have just started my baby steps.Your success has been a great motivation to me and I intend to make the most of your experiences and thoughts you share in your blog, to enrich my trading education, and maybe try and follow to be a good trader.
    Keep up the good work !!!
    Best Regards,
    Manoj
  • jsp9999
    Hi Corey,
    Since I found your site, I have been reading regularly and occasionally drop comments on some of your posts. I'm wondering if a reader like me can ask you about a particular stock and how you see different.
  • Hi Corey,

    This is a wonderful site and the name attracted me. I'm not so much afraid to trade but anxious about trading. I tried to day trade but doing so at the opening bell almost killed me with anxiety. My blood pressure is already extremely high. I would like to link your site to mine if that would be okay. My site is just beginning, but I am making a list of good websites I'd like to link to.

    I appreciate your honesty about your market expereince.

    Brian
  • Gail,

    I empathize deeply with you and your recent losses. I've been there... more than once. Most of my active trading comes from the intraday time-frames as well, though I am seeing some success with swing and limited position trading via sector rotation theory. That's another story.

    I keep my retirement and mutual fund accounts at a full-priced broker and I honestly regret doing that. I keep it there because I don't want to trade away my money, but honestly I do believe I could do better if I just bought an Index ETF and held it, or diversified into a bond fund. I have a lot to say about that but here isn't the place. I have used Ameritrade, OptionsXpress, and now use TradeStation as my broker and couldn't be happier. TradeStation isn't for beginners, I believe. I started out with web-based brokers as well and did fine with them.

    Regarding a full service broker, my first trade years ago was a penny stock at $0.60. I bought 5,000 shares and held the position for a year because I bought the high tick. I sold losing half the position. I lost about $800 on the trade, but due to the number of shares, I had to pay $300 to enter and $300 to exit, meaning I actually lost $1,400. Needless to say, that was the first and last trade I ever placed with a full service broker. They didn't even give me advice that what I was doing was risky and stupid. A typical commission is minimum $50 for one side and usually more like $100. I cannot recommend that as a valid way to trade, given the fact that I pay $1 per 100 shares with TradeStation. I would also pay $1 per put or call purchased. I'm not recommend TS, but rather am saying how cheap retail trader commissions are right now. Interactive Brokers, MB Trading, and many other offer the same or even better commission structures.

    Feel free to email me if you would like to discuss more. I wish you the best and hope to hear from you soon.
  • GAIL
    I lost a great deal of money recently (realized and unrealized gains).I finally sold out all my positions and decided to day trade with the remaining capital. I felt it would be irresponsible of me to risk any more. I have searched the web for a week to see if anyone had stories of the same thing happening to them and how they began investing again. I was also interested in how they recouped their losses. All I have found so far are people who have sued their brokers and/or advertisements for classes. I was therefore very pleased to find your site. I was also delighted to see your recommendations.
    I am also curious as to how you and your readers feel about using a full priced broker as versus an online brokerage firm. I know this is old fashioned, but I feel that I have been hamstrung by spending half of my research time learning about the website rather than researching the stocks. And I feel that the amount of misinformation or conflicting information has hampered my success. I take the main responsibility, however as someone who has come to the computer world later in life I wonder if I would be more protected by using a full service broker. I am not as quick as younger people.
    This brings me to my last question. How does one find a full service broker anymore. They seem to be a dying breed. They do not seem interested unless you have more than I do. I interviewed one. However, when I spoke to him about using puts and calls to protect my positions( should I go this route) he said that it was not his firms strong point. Is there any hope for someone like me? Thank you
  • Chris,

    Thank you so much for your kind words and comment. It helps me know that the work I put into this is worth it and beneficial to readers.

    All my best to you.
  • Chris
    I really appreciate your posts. They're very clearly written and illustrated. One of the best trading blogs on the internet. Thanks for keeping it so understandable - I'm learning a lot from you.

    I love the 'Afraid to Trade' name. I do relate to the fear of trading, after experiencing a loss. Also, it's a good reminder that unless you know what you're doing, the market can be a mean mother.

    Best Regards,
    Chris
  • Corey, excellent site and analysis. Added to my blogroll at
    www.TradeForGain.com

    Regards,

    Sharp2Be.
  • Thank you, Ainkurn.

    10kthrownaway is indeed a great name and I look forward to checking it out! Very creative, but I'm sure many traders (myself included) have thrown away more than $10K in our developmental years!
    I love it!

    Corey
  • just came up on your site upon a recommendation from Denarii Trader. I like what you have here. in response to the first comment here, I like the title of your blog. It draws attention to the purpose of the blog. as an aside, my site name is even more negative than afraid to trade. How about 10kthrownaway for a blog name. keep up the good work.
  • james
    Hi Corey,


    Just wanted to say what an excellent site this is and that its really informative on many different levels.


    My primary trading indicators are the 3-10-16 macd and i use the 9-ema / 20-ema and the 50 sma. I also have parabolic psar on as well.I trade off 5 min and 1 min charts with the setups and trades taken on the 5 using the the 1 min to pinpoint entrys and exits.

    I trade the FTSE 100 and the Dow via spreadbetting and am based in England.

    So thought i would drop you a comment and say keep up the good work and keep those annotated 5 min charts coming....really good.


    cheers

    james.
  • Hi Corey,

    I love reading your blog especially about overcoming fear in trading.

    I've added your blog to mine as a resource for others to turn to in my blogroll.

    I would be extremely grateful if you could link back to me.

    Thank you for your time.

    Have a great day.


    M Trader
    Author of http://optionstradingdaybook.blogspot.com
  • Fraser,

    Thank you for sharing your experience and for posting a comment.

    I actually was not yet actively trading during the tech crash, but began in 2003 haphazardly as the market began its bullish ascent, but I still lost a lot of money early on (after making some big profits) which led me 'back to the drawing board' and to more formalized education beyond market losses. My first trade was actually a $0.61 penny stock (5,000 shares!) that turned quickly into an investment. Although I only lost $800 on that first trade, it had me hooked, because after I sold (8 months later), the stock doubled... and then went bankrupt a few months later. I was lucky.

    When you make up trading losses in your account, it can feel rewarding and the psychological relief that comes from that accomplishment either leads you to "circle the wagons" and keep what you have, or it cements the belief that "I did it once, then I can do it again" and forces you to keep pushing ahead. For most people, I suppose they go the route of the conservative "Wow, I got lucky, I think I'll quit" mentality, which feels good, but does us no good in the market (other than protect our capital). We're here to make money.

    It's natural what you're feeling, but my suggestion is - instead of allowing the recapturing of the former level in your account leading to hesitation that you don't lose it again, try to shift consciously your awareness to the fact that leads to more positive behaviors, such as the thinking "If I brought my account back once, I KNOW I can do it again if I need to" and let that be empowering. It won't happen overnight, but try little by little to catch yourself and try to restructure your thinking.

    All the best,

    Corey
  • Fraser
    I think the name is perfect, as it drew me to your site - I rode the tech bust all the way down, then did a stupid penny stock trade that went south - am three months back in the market - studied for about a month and sank 10K in - then in July everything went south and I was down 12% - have traded aggressively since and am now 2% up as of sept 21, but suffice it to say, had to educate and condition myself to pull the trigger with confidence, and it was not easy. Now, after getting above the red line, I'm finding myself reluctant to pull the trigger for fear of going through another period of fighting back. Go figure?
  • Thank you, Ed for the link add. I very much appreciate it and thank you for reading.
  • Cory
    You have a very informative blog, and I have added your link to my blog http://stockstwowatch.blogspot.com/. Keep up the good work!
    Ed
  • Your in depth analysis is the cream of my coffee every morning www.stockTagger.com
  • My pleasure =)
  • Thank you for providing such a dynamic and comprehensive wealth of trading knowledge. You have clearly articulated some of the trading strategies that I have used over the past 20 years and I am happy to add your site to my resource links at http://bzbtrader.blogspot.com.
  • Thank you, Toni, for your comment! I was honored that you stopped by the site!

    I enjoy your daily commentaries and am thankful you make them available to the public and have benefited from your education and willingness to teach newer traders the basics at various conferences.

    For those unaware of Toni Hansen, please check out her website at Trading From Main Street.com, or her personal site Toni Hansen.com. She offers a free newsletter and various educational seminars/lessons on her website, including a very active and popular chatroom.

    Thank you so much,

    Corey
  • I was honored to see my name on your website. Thank you =) - Toni Hansen
  • Hello,

    I like very much your blog. I've added you to my blogroll. wishing you successful trading.

    Vlada
    www.stockweb.blogspot.com
  • Thank you so much, Jim. I am very appreciative of your comments and support.

    I will read more about Mr. Calhoun, and have heard Mr. Nison speak at a conference. He is right - fear cuts so many promising trading careers short - almost cut mine more than once! And as much as I learned and studied, the solution came just from what Mr. Calhoun, Mark Douglas, Brett Steenbarger and so many others have noted: Overcoming fear arises through behavioral approaches and "just doing it" and operating in probabilistic rather than absolutist thinking. Knowledge is essential, but action trumps knowledge - in fact, the knowledge/experience from actual trades can trump anything read in a book or heard in a seminar because trading is so personal.

    Trading in the Zone is a great book, but also Douglas's first book "The Disciplined Trader" almost from the beginning addresses how fear develops and how it can be overcome and is probably the best condensed resource on the topic I have encountered because of its focus on fear.

    Thank you for your comment and recommendation.
  • Jim
    Corey-
    Thanks for setting up a site geared to overcoming fears surrounding trading markets. You've listed many profesional traders/mentors. One highly regarded "mentor" of mine is Mr. Ken Calhoun as well as Steve Nison. In an e-mail from Mr. Calhoun he readily admits that one of the greatest "demons" to beginning traders is FEAR..."afraid to pull the trigger." It is only overcome by taking action and developing confidence. Studying chart patterns and understanding what motivates other traders to be buyers and sellers at any given time is essential. As your site clearly states using indicators such as RSI, Moving Averages, ADI/DMX does not "guarantee" a specific move in a stock or whatever instrument you are trading. There must be "follow thru" confirmation..which in reality is the "beliefs" of individual traders. I'd like to recommend a GREAT BOOK to followers of your site: "Trading In The Zone" by Mark Douglas. Keep up the good work!
  • Hi Corey,


    Good Luck with your blog...I added your link to my site.

    Kevin
    http://kevinsmarketblog.blogspot.com
  • Thanks for the great info, I can never stop learning in this business.
  • Corey,
    Thanks for adding me in your Link List as well!
    Oda
  • Oda:
    Thank you so much for your kind words and encouragement; I am very appreciative and honored for your support. I enjoy your site and want to commend you highly on your perspective and solid principles - I absolutely will be following you and your analysis. My goals are very similar to yours and I would love to stay in touch and help each other any way we can.
    Yours,
    Corey
  • Corey,
    I really enjoyed reading thru most of your site over the last few days. A much needed venue to discuss so many of the pitfalls to trading. I will be a regular visitor to your blog and will place you on my "Short List" of recommended Blogs. You will find that my site is a bit different than most in that I do not self-promote nor advertise. I try to keep the focus on learning the basics to options trading thur some processes and methods I learned thru the years. Thanks for the hard effort and obvious desire to share your thoughts and experiences to those that will receive it.
    Oda 125
  • Thank you for your support and suggestion. You are right - a name/title is so important to any project/website/book/production. I chose afraid to trade because I wanted to focus on my experiences and strategies to overcome them and reach out to others through my successes and their successes and strategies. I had the same thought you did - about "what if the title is too negative?" but that's why I added the tagline "Overcoming Stock Market Fears" after it. This site is about strengthening your confidence through education, motivation, market strategies, and links to other resources that would be beneficial to those struggling from fear. So many people lose in the market, and the pathway to success often is overcoming these losses and the psychological impact (fear, hesitation, doubt, uncertainty, memories of past losses, 'freezing up) losses (especially painful ones) create. Those who became professionals experience the same thing, only they have strategies to cope with early losses while other traders give up far too early. There are countless ways/strategies to make money in the market but if events cost you your mental game and confidence, then you're out no matter what strategy you use. I want to see more retail and individual traders/investors succeed in this difficult business.

    I am always open for suggestions and definately appreciate your comments.
  • yo
    I really like what you do. I'd like to offer a suggestion. Hope you will take it in the good spirit in which it is given. The name of your blog is counterproductive to your goal. I don't even like having those words at the top of my screen. They are self defeating. A name change would do wonders.
    Thanks for the good work you are doing.
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