Matt asked: From: Matth<snip> To: Ken Long <longke@yahoo.com> Sent: Monday, December 30, 2013 8:11 PM Subject: Beliefs Hi Ken: Been working on on my mission statements and business trading plan. I would like to model you – day trading (if you have no objections) What are your beliefs that I could/should find useful. Thanks Matt =========================== my preliminary […]
Tag: Trade
Why trade?
I have to trade because of the intellectual and emotional challenge and the satisfaction I get from trading well. I love to trade because I find it interesting, and it challenges me every day to discover who I am and what I can do. I like to trade because it combines my passions for action, research, intellectual challenge and adaptation. Trading […]
experiment with housewives trading the futures during one of the most volatile weeks in the last 50 years
the ladies traded very well, netting 2K for the week, using simple support & resistance levels, with good risk management and money management techniques. they traded 2 indices: Russell2000 and the DJIA, at contract per trade, with an initial risk of 250; they added some practrice tardes in some currencies later in the week fro […]
Important insights from one of our workshop participants this week: a ton of good learning inside these ideas Our initial stop placement reflects the information available when our trade is initiated. Any price action after the trade provides additional information and can be used to update the stop placement. An example is the use of […]
a good friend of mine interviewed me for his trading web site…
Describe your style of trading (short / medium / long term, trending / contra trend, what instruments….) I would describe myself as a trader in a combination of short-term and medium-term time frames. In my short term trading I would classify myself as intraday with willingness to hold overnight if circumstances warrant it. My medium-term […]
May 07, 2011: silver pauses in its downward slide
silver finds a temporary support level after a nearly 4 sigma selloff in 5 days. the slight recovery.holding of support allowed for a reasonable intraday trade to the longside, but Monday’s trade should be especially interesting. Failure below yesterday’s low will be an autotrade in ZSL, but a breakout above today’s High will be a […]
The effect of learning preference on stress management in peak performance moments
http://www.wired.com/wiredscience/2010/09/the-tight-collar-the-new-science-of-choking/ interesting use of the auditory channel to improve performance when under stress i do the same thing with the use of drum solos to help me concentrate when trading at key moments in the trading day classic chokes — appear to rise from the process known colloquially as “thinking too much” or “paralysis through […]
Traders Roundtable: the fifth P of successful trading is Performance
A lot of beginning traders are under the mistaken assumption that if they have a back tested system, good preparation, and a relaxed state of mind that they have an almost certainty of being successful. If only it were that easy. All the preparation and the world does not guarantee effective performance. We still have […]
Should I have a long or short bias at this moment?
Image via Wikipedia There were two duelling hypotheses at work today in the market, looking at symbol: in SPY, the exchanged traded fund for the US S&P 500 index. Price had gone back and forth between buyers and sellers, bulls and bears.. Was the high of the day seen at 110.8 and /or was the […]
Education advice for new traders
Image via Wikipedia Learning to survive in the world of daytrading and swing trading is no small undertaking. If it were easy, everyone could do it. The ocean of trading is filled with sharks who are looking to gobble up easy marks. You want to make sure that you’re not an easy catch for them. […]