Trading

It is so important in the beginning to get educated.  If you are lucky you’ll find a teacher who really walks the walk and is consistently profitable.  Too many beginners are looking for “hot tips” or the next “sure thing”.   They get the impression after a few penny stock home runs or lucky bets that…

By trading when the market is closed, I simply mean that you are setting up all your trades after the market bell.  By not trading during market hours you can be much more level headed and objective in your decision making.  Trading is a marathon not a sprint, therefore using daily charts should be enough…

For me, and again, this is my perspective and opinion, it is essential to trade a system.  While some traders count on just intuitively knowing when to buy and sell, I myself have found that the stress reduced nature of trading a mechanical trading strategy that just continually punches out profits over a series of…

A famous Scottish proverb goes, “Take care of pennies and the pounds (£) will take care of themselves”. Risk Management is something that successful traders know and starting traders wish they did know once they learn.  While a lot of beginners take on excessive risk, trying to get rich in a hurry, they are often setting…

It’s been a busy summer.  Apart from some R&R at the cottage I have been working tirelessly on my trading system all summer.  I am finally coming up for air to say that I am done all the testing I can do for at least a little while. Building, tweaking and adjusting a trading system…

The Institute of Supply Management (ISM) report came out today showing the largest uptake in manufacturing in the US since June last year.   The report stated national factory activity rose to 54.8 from 53.4 in March, besting expectations of 53.0.  New orders climbed to 58.2 from 54.5, while the employment index also improved to 57.3…