Why not trading can be the best strategy

Preserve your equity

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importance of a trading plan

Glaring at the screen isn’t going to help you generate trade ideas on the fly. Volatility does not mean opportunity. Your trading plan has to be set before you take action. 

Conclusion

Make your trading plan the night before, enter your orders, and let the market come to you. Don’t chase, and don’t make stuff up on the fly.

Great Trading Articles

What smart money does in a market correction

Why you need a trading plan before tragedy strikes

Risk assessment tactics to qualify trades

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Why a group of amateurs can muscle stocks

Another example of not fighting the tape

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Any group of unsophisticated investors or traders who are committing real capital can push the markets around based upon what they’re reading in social media. You have to respect their collective power. 

Conclusion

My job is still to protect capital at all times regardless who I trade against. A group of pikers acting in concert can run me over despite my methodology and 3 decades of experience. 

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How much leverage is appropriate in your account

Why you should trade risky securities conservatively

Why the majority of people will lose money on bitcoin

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How to add a new component to your trading system

Peter Borish on system development

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peter borish tudor quad capital

There’s the technical, coding part, and the psychological and emotional part.

Peter Borish Online Trading Course

Study with Peter Borish – Learn Global Macro trading from a 40-year veteran

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What smart money does in a market correction

How to make sure you benefit when things go on sale

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trading plan system

Smart money has a plan and waits patiently to act on the plan. In fact, smart money probably has several plans to deploy once the right conditions are met. They buy when people are most fearful and sell when things get frothy.

Personally, I do not advocate selling Put options to purchase stock cheaper. The reason for this is that I’ve seen stocks trading at $90 that sell down to $75 and unfortunately keep going down (to $20). This is exactly what happened to CSCO in late 1999 and early 2000. In fact, CSCO made it all the way down to single digits. I believe one of the keys is to let the blue chip name settle at a new, lower price level.

Conclusion

Formulate several possibilities in the market and map out what your actions will be when those conditions are met. You may not pull them off without some growing pains, but you’ll be behaving like a pro and earning very valuable emotional wisdom around your financial decisions.

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Two Ways Buy Stop Order Determine Your Profitability

The clever way to decode market data to win like a casino

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Tony Saliba’s Options Playbook

Inner Voice of Trading Audiobook

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Does the High Times IPO have more downside than upside?

Michael Martin and Matt Dula discuss the investment merits

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