Trader's Thread 04 (Feb 12 - Jan 20)

Re: Trader's Thread 04 (Feb 12 - Dec 17)

Postby winston » Wed Oct 04, 2017 6:51 pm

Here's the "Magic Number" for Applying Capital

by Tom Gentile

2% of your money is absolutely the way to go.

Source: Money Morning

https://moneymorning.com/investing/the- ... s-he-knew/
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Re: Trader's Thread 04 (Feb 12 - Dec 17)

Postby winston » Thu Oct 05, 2017 8:28 pm

Don’t let emotions cloud your investing decisions

Researchers found some 100 behavioral biases that undercut effective decision-making.
In advancing markets, overconfidence can become a problem emotion.

Many financial advisors have come to realize that behavioral coaching of clients is as important as the technicalities of the job.

New technologies are allowing financial firms to gauge client emotions and plan accordingly.

by Mark Henricks

"Loss Aversion," for one, crops up when an investor is reluctant to sell a poorly performing investment and redeploy assets into a more promising opportunity.


"Anchoring." This can occur when an investor uses the price paid for a stock, exchange-traded fund or mutual fund as a reference point for decisions.


Source: CNBC.com

https://www.cnbc.com/2017/10/02/dont-le ... yourwealth
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Re: Trader's Thread 04 (Feb 12 - Dec 17)

Postby winston » Fri Nov 10, 2017 2:36 pm

Don't Let Emotions Cloud Investment Decisions

by Ed Snyder

Patience and discipline are two of the most important factors for long-term investing success.

It is at times when patience and discipline become most important that they can be the most difficult to practice.

Research shows that market downturns of 10% happen about once a year and that the market finished the year with a positive return 75% of the time. Yo




Source: Investopedia

https://www.investopedia.com/advisor-ne ... yptr=yahoo
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Re: Trader's Thread 04 (Feb 12 - Dec 17)

Postby winston » Sat Nov 11, 2017 9:46 am

Overconfidence leads to a lack of imagination. And an investor without imagination can’t see risk until after the damage is done.
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Re: Trader's Thread 04 (Feb 12 - Dec 17)

Postby winston » Thu Dec 14, 2017 5:34 pm

The 10 Worst Mistakes Beginner Traders Make

By Elvis Picardo, CFA

1. Letting Losses Mount
2. Failure to Implement Stop-Loss Orders
3. Not Having a Trading Plan or Sticking to One
4. Averaging Down (or Up) to Redeem a Losing Position
5. Excessive Leverage
6. Trading Too Frequently
7. Following the Herd
8. Shirking Homework
9. Trading Multiple Markets
10. Overconfidence or Hubris


Source: Investopedia

https://www.investopedia.com/articles/a ... yptr=yahoo
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Re: Trader's Thread 04 (Feb 12 - Dec 17)

Postby winston » Mon Dec 25, 2017 8:18 am

How to Keep Your Most Important New Year’s Resolution… and Set Yourself Up for Lifetime Wealth

By TOM GENTILE

Step No. 1: Identify Your Trading Type - directional or non-directional
Step No. 2: Set Your Price and Time Targets – price and time targets


Source: Money Morning

https://moneymorning.com/2017/12/24/how ... me-wealth/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Mon Mar 05, 2018 7:29 pm

Dealing With the 3 Main Obstacles to Trading Success

By JAMES "REV SHARK" DEPORRE

1. Luck
2. Randomness
3. Patience


Source: The Street

https://realmoney.thestreet.com/article ... ng-success
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Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Wed Mar 07, 2018 8:45 pm

This champion player says a ‘premortem’ can make you a better investor

By Annie Duke

Use this simple trick of imagining what could derail your goals

Imaging failure, on the other hand, doesn’t feel good. But failing to do a premortem can ruin even well-thought-out strategies for long-term success.

If we anticipate later actions that can undermine our plans, we can improve the likelihood of staying on course.


Source: Market Watch

https://www.marketwatch.com/story
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Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Wed Apr 04, 2018 1:17 pm

How to Control Your Emotions During the Stock Market Madness

by Tracey Ryniec

3 Steps for Controlling Your Emotions
1. Have a plan.
2. Know your time frame.
3. Review the plan.


Source: Zacks

https://finance.yahoo.com/news/control- ... 11723.html
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Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Wed May 23, 2018 8:07 pm

Don't Get Tricked Into Selling When You See This Bullish Sign

By Ben Morris and Drew McConnell

When an asset consolidates at its highs, it's a bullish sign.

This is a simple but important idea. When an asset isn't going anywhere, traders often get impatient and sell... just before the next move higher. And they miss out on big gains.

The new high shows that folks like the asset enough to pay the highest price in a year to own it. The consolidation shows that more folks are willing to continue paying those same, higher-than-in-the-past prices.

And if they're willing to buy at the highs, they'll likely continue buying as it moves higher.

When an asset holds at or near its highs for an extended period of time, it's a sign that investors and traders are finding value at those elevated prices. Once those levels become the new norm, the door opens to even higher prices.

So if you're holding an asset that's consolidating at its highs, stay long.


Source: Daily Wealth Trader
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