The other day, I was asked “How can a little guy like me make money in the markets? Is it even possible?” I understand the question. In a world where power is controlled by: Big government. Big business. Where big money talks and can even buy you justice in the courtroom. It can be hard … Continue reading How the “Little Guy” Can Make Big Money in the Market!
The Market Took All My Money! Successful Trading is in Your Control – Learn How Now. “Extreme Ownership” is the opposite of entitlement. Take control. Being in control requires responsibility, so many of us prefer to say that things are outside of our control. Examples of: Scam alert websites. Ripoff report websites. No, your’e not … Continue reading The Market Took All My Money!
Trading is a business of probability. Every trader will take losses, so we need to use protective stops. Many traders take profits quickly but hold on to losing trades – it’s human nature. We take profits because it feels good, and we try to hide from the pain of losses. 3 BAD TYPES OF PROTECTIVE … Continue reading The Best Place to Put Your Protective Stops
Many say there’s no such thing as a leading indicator. They even take pride is saying they only use pure price action and volume. I’m not sure why they think that’s so impressive: They say that all indicators are lagging and that they only plot what’s already been done in the market … and that’s … Continue reading The Best Leading Indicator
In today’s episode I interview my friend Fausto Pugliese from CyberTradingUniversity.com Fausto Pugliese was one of the original Day Traders of the early 1990s and one of the first independent traders to take advantage of the Direct Access Trading technology boom in 1987. He acquired a wealth of knowledge from years of hands-on experience, beginning … Continue reading Fausto Pugliese from Cyber Trading University Interview
When learning a new trading method, stick to it exclusively without adding anything else you’ve previously learned. I see this when students send me their charts and there’s lots of other stuff on the charts. Therefore they are not trading my method. They’ve created their own hybrid method and I haven’t tested that. Educated Amateurs … Continue reading Trading Grasshopper: Empty Your Cup!
Is Bitcoin the Next Big Thing? CLICK HERE FOR THE FREE BITCOIN SPECIAL OFFER In the last episode I invited you to write me with your questions and the #1 question that came in was about cryptocurrencies. When you think of cryptocurrencies, most people think of Bitcoin. But there are 1,000s. I’d say 95% of them … Continue reading Is Bitcoin Really the “Next Big Thing?”
TECHNICAL ANALYSIS HERESY OF THE DAY: Don’t trade in the direction of the trend of the higher time frame. What do I mean by multiple time frames? The traditional teaching. Why that isn’t “optimal” Why you could get away with it in the past. Why you can’t get away with it now. My “heretical” teaching. … Continue reading Using Multiple Time Frames with Trend is a Terrible Idea!
In today’s episode I interview long-time stock trading friend Ken Calhoun from “Trade Mastery.” Ken day trades and swing trades, looking for stocks that are breaking out with strong moves. Ken Calhoun is the president of TradeMastery.com and StockTradingSuccess.com (with Steve Nison). Having provided online training to active traders from over 32 countries since 1999, … Continue reading Interview with Ken Calhoun from TradeMastery.com
Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, … Continue reading Trading Psychology Practical Tips, Part 5