BEARS WIN! BULLS WIN! HOGS GO TO SLAUGHTER!
One of the keys to trading is being in tune with the market. You get out when you want to, not when you are forced to, and with a reward commensurate with the riskassumed. This means setting realistic risk-reward objectives and taking what the market gives you. Many traders have retired very wealthy by exiting trades too soon. …
READ MOREKeep with you this due to market hrs…
Don’t apply logic to the stock market So often I see people make decisions in the market on what makes sense to them. It makes sense to buy stocks when the company insiders are buying. It makes sense to buy stocks that are making positive announcements. It makes sense to listen to what the President has to say about the company’s prospects. However, all that matters is what the market thinks of the company and whether the buyers are more motivated than the sellers. So often, the market does things that do not make any sense until we later learn of what motivated the market to do what it did. Remember, the market is forward looking, most times, what makes sense is judged on what has happened in the past. … … Never average down on a losing position Buying more of a bad thing is not much different than continually betting on a losing horse. Winners win for a reason, and until your stock starts to show that it is a winner, don’t add more to a bad situation. If you like a company whose stock is losing you money, sell it. You can always buy it back later [...]
READ MORE7 Keys..
7 Keys to Making Money Consistently 1. Deal with your trading as a business If you think of your trading as a hobby, then you produce the results of the hobby and making money becomes secondary. For your trading to be successful, it is imperative to create a proven process to make it a success. 2. Have a written plan that matches who you are This is a very important step. We want to have a proven plan that succeeds. However, if it does not match who you are, you are setting yourself up for failure. It will work for a while, but because it goes against who you are, after awhile you find reasons not to follow it. 3. Have a money management system in place When you have a system in place, it enables you to manage your risk better thus allowing you to preserve and grow your capital on a more consistent basis. 4. Create your own daily routine when you get up, you follow certain routines. create one that serves you and sets you up to make money consistently. 5. Be patient If you are looking for excitement, find a hobby that can provide you the [...]
READ MOREThe outlook of Natural Gas
Only and only with any luck we could get an up rally in natural gas. Natural gas drops around to 7-Month low. It breaks my past Resistance 174.9. Now a big storm started in Natural Gas. Fundamental outlook of natural gas are trading down on NYMEX and MCX nowadays. Alert: If break my resistance 174.9 then natural gas can kiss 190. What to do now with natural gas? There is no reason to buy it. Big blizzard already started and Natural gas will touch 160 – 155 – 150 soon… Don’t forget my resistance. Do you know right time to get entry? More Update Time by Time for Subscribers only due to market hours…
READ MOREPlan Your Trades, Then Trade Your Plan
Your job as a trader is to follow a trading plan. And who’s going to write this trading plan? You are. Notice the world “write”. It needs to be written down, on your trading desk, in front of you. Your trading system will give you the rules to follow. All you do is translate these into your plan. A trading plan must have three parts: Setup, Entry and Exit. (Obviously it’s beyond the scope of this document to provide details on specific trading system as there are literally hundreds of them! However we do feature some occasionally in our newsletter) The point is that a trading plan conves every eventuality. You know what to look for in the market, when to get into a trade, and when to get out. Keep it simple. Then follow it. Religiously.
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