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

Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Fri May 25, 2018 8:14 pm

Why It’s Important to Have Near-Term Catalysts for Your Stock

by Marc Lichtenfeld

It’s important to have near-term catalysts for your stock.

Without a reason to expect a stock to jump in the near term, your investment could be dead money.

Make your money, get out and move on to the next one.

Below are a few potential catalysts that you can look for to get your stock moving quickly.
1. Earnings
2. Analyst Upgrades
3. Short Squeeze


Source: Wealthy Retirement

http://dailytradealert.com/2018/05/25/w ... our-stock/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Sun Jun 17, 2018 8:55 am

Three Simple Rules for Grabbing Profits in Any Market Condition

by Tom Gentile

When it comes to trading, there's three simple rules you should always follow:
1. Have a mental stop in place in the event that your trade moves against you. Make sure it's not too tight, but reasonable.
2. Always exit half of your position if it hands you a double (a 100% gain).
3. Always set a target to exit the remainder of your position. It could be a price target or a time target - just make sure to have a clear exit strategy in place.

Source: Power Profit Trades
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Mon Sep 03, 2018 3:38 pm

The Key Traits of Successful Traders

By JAMES "REV SHARK" DEPORRE

One of the key traits of successful traders is the ability to make quick decisions and move fast when opportunities develop and still staying patient and doing very little while waiting for the trade to work.

There are five key traits that aggressive, patient traders should develop:

1. Don't wait for the perfect setup. I recently saw a quote from General George Patton cited on Twitter (TWTR) : "A good plan violently executed now is better than a perfect plan executed next week".

2. Be aggressive.

3. Giving a trade enough time to work.

4. Cut losing trades without mercy.

5. Be ready to change your mind.


Source: The Street

https://realmoney.thestreet.com/article ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Thu Feb 14, 2019 3:58 pm

5 Tips to Become a Better Stock Trader

by Bret Kenwell

#1 Follow Your Trading Rules and Be Disciplined
#2 Get on Twitter
#3 Enjoy the Wins, but Stay Humble
#4 Mindset, Mindset, Mindset!
#5 Evaluation Is Key for a Trader


Source: Investor Place

https://finance.yahoo.com/news/5-tips-b ... 26148.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 18)

Postby winston » Mon Feb 18, 2019 3:14 pm

Don't Just Sit There, Work the Trade

The important thing to keep in mind when working a trade is that we are embracing the fact that we can't predict the future.

By JAMES "REV SHARK" DEPORRE

One of the major weaknesses of novice traders is that they do not understand how to 'work' a trade. They make a single buy of a stock they like and then look to make a single sale after it has gone up. In other words, they apply a buy-and-hold approach to trading but use a much shorter time frame than an investor would use.

That passive approach can work but the most profitable traders learn how to 'work' a trade. The benefit of working a trade is that it helps you to minimize risk while enhancing potential return. It requires much more time and effort but the benefits can be tremendous if done right.

The idea here is to constantly adjust your position as a trade evolves. When the potential for a good outcome looks better you build your position and when it looks like a trade might not work then you cut your exposure.

The key is that you do this incrementally. You maintain a position in the stock the whole time but keep changing your level of risk by adding or subtracting shares.

The challenge of this approach is to stay patience and not be fooled by random movement while the trade develops. It is very easy to over trade and react to every small movement so you must develop some parameters to prevent churning.

The biggest obstacle to this approach is your emotions. You have to constantly address your emotional reaction to movement that may not be meaningful

The primary goal of working a trade is to be in position so that you can maximize returns by being highly aggressive at the right time. Jesse Livermore used an approach he called 'probing' to implement this strategy.

He would take an initial position but would only add to it as the trade made progress and he liked the way it looked. He made the trade prove itself before he would commit more capital.

The initial buy is just the initial step in this approach and is not the more important step. It simply focuses your attention and prepares you for a series of subsequent steps. Putting a good stock on the radar is very beneficial but the hard work is designing the trade.

The important thing to keep in mind when working a trade is that we are embracing the fact that we can't predict the future. It is not prudent to just buy a huge position because we 'think' it might work.

We want to shift the odds in our favor and we do that by 'working' the trade. There is new information every day and we should use that information to our advantage.

If you want to reduce risk and maximize gains don't just buy-and-hold a trade, work it.

Source: The Street

https://realmoney.thestreet.com/investi ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 19)

Postby winston » Mon Mar 25, 2019 11:55 am

Ego and Trading: Do You Want to Be Right or Do You Want to Make Money?

by James "Rev Shark" DePorre

When it comes to investing and trading there really is only one thing that matters - return on capital. Everything else is secondary.

One of the most frequent ways that ego hurts our trading and investing is the conceit that we can predict the future with our reasoning ability.

The far better approach is to let go of the belief that because you are smarter than others it means you have better insight into what will happen. Once you embrace the idea that we don't 'know' the future, we can better prepare ourselves to deal with the twists and turns as they occur.

Where ego really tends to trip us up in our trading and investing is when it comes to losses.


Stanley Druckenmiller:
"I've learned many things from Soros but perhaps the most significant is that it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. The few times that Soros has ever criticized me was when I was really right on a market and didn't maximize the opportunity."


Source: TheStreet.com

https://finance.yahoo.com/m/47cca3e0-44 ... -want.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 19)

Postby winston » Mon Apr 22, 2019 3:31 pm

Jim Cramer Unveils His 5 Rules for Trading Stocks During Earnings Season

by Scott Van Voorhis

Rule No. 1: Listen to the Entire Earnings Call Before Acting
Rule No. 2: Don't Trying to Game Every Earnings Report
Rule No. 3: Remember That Forward Guidance Matters More Than Sales and Profits
Rule No. 4: Smart Investors Do a Monstrous Amount of Work During Earnings Season
Rule No. 5: Management Teams That Know How to Run Earnings Calls


Source: The Street

https://www.thestreet.com/investing/sto ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 19)

Postby winston » Thu Apr 25, 2019 7:46 am

"The greatest lesson in life is to know that even fools are right sometimes."

- Winston Churchill
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 19)

Postby winston » Mon Jun 03, 2019 1:28 pm

Predictions Are for Show, Tactics Are for Dough

We have to predict to some degree but it is the reaction to current conditions that matters more.

By JAMES "REV SHARK" DEPORRE

One of the most empowering things you can do as a trader is to admit that you don't know what is going to happen.

You might formulate a thesis and have some opinions but then you let the market guide you as to the proper course of action.

George Soros has said, 'the idea that you can actually predict what's going to happen contradicts my way of looking at the markets'.

He also has said, "it's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.'


Source: The Street

https://realmoney.thestreet.com/investi ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

Re: Trader's Thread 04 (Feb 12 - Dec 19)

Postby winston » Tue Jun 18, 2019 10:57 am

The Five Most Important Lessons I've Learned in 25 Years of Trading

By JAMES "REV SHARK" DEPORRE

1. Profits Occur Sporadically
2. Predictions and Forecasts Are a Waste of Time
3. Keep Your Accounts as Close to Highs as Possible
4. Use Charts
5. No Trading Approach Is Inherently Superior


Source: The Street

https://realmoney.thestreet.com/investi ... yptr=yahoo
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118541
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to Other Investment Instruments & Ideas

Who is online

Users browsing this forum: No registered users and 16 guests

cron