Trading Systems

  You’ve done the research. The stock looks like a solid breakout trade — it’s time to log onto your brokerage website and place a limit order… Do you know how big of a position you should be taking? That’s not just… Read More

It’s time to forget being practical about your portfolio. Practical advice — the tried and true suggestions like “buy what you know” and “invest in value” — are great strategies much of the time. They’re investment philosophies that have historically made folks a lot of money in the stock… Read More

With all the literature out there, it’s easy to find trade set-ups and entry strategies, but the real money is often made with proper exit logic/strategies. What did classical thinker Richard Wyckoff say about closing a trading position? In his book Studies in Tape Reading, Wyckoff identifies four specific reasons… Read More

  Being good at taking losses is the hallmark of a good trader. That may sound fishy, but bear with me… You see, some of the most successful traders I know are also the most psychologically prepared to cut their losses and… Read More

Sports and trading often go hand in hand in terms of psychology. I’m a huge football fan, and I can’t remember the last time I missed a Chicago Bears game. Last season the Bears almost made it all the way to the Superbowl, however all season long sports analysts were… Read More