https://claytrader.com/

https://claytrader.com/

$99 a year

paybacktimebook.com

nly

top-5-high-yielding-stocks-for-the-rest-of-2017.

https://www.thestreet.com/story/14238927/1/top-5-high-yielding-stocks-for-the-rest-of-2017.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Some big names offer pleasant surprises.

High dividend stocks

http://www.dividend.com/dividend-stocks/high-dividend-yield-stocks/

dividend ETF

Portfolio Composition: NOBL

PROSHARES S&P 500 DIVIDEND ARISTOCRATS

Monthly dividend

http://www.dividend.com/how-to-invest/12-companies-paying-reliable-monthly-dividends/

Put

Gunnsmoke

Howdy all....A couple of thoughts about staying in the game, but protecting yourself in the process. This is for swing trades, not day trades where you are done by the end of the day.

As we witnessed on Wed, the market can take a wicked turn south. That was nothing compared to what could happen to say the least. So what to do?

Married Put Time! (This is only for those who have fire insurance on their house, others may stop here) Maybe you like a stock like AUPH. You're willing to risk 1k on the play. Support is around 6.50 right now, about .69 from where it is now. Your 1k risk divided by .69 makes for around 1,450 shares. But you are aware that some bad news in combination with an accident in the market and you could wake up to it being $2.50 down, or 3.6x your risk. Ouch.

But with a married put, you can cap your risk and sleep tight. Under no circumstance could you lose more than your 1k. Right now, you could buy the 7.5 puts for 64 days out for about 1.30, maybe a little less. That gives you a guaranteed sale price of 7.50 for your shares, minus the 1.30 you paid for the privilege. That's 6.20, or $1 away from its current price. That means you can buy 1k shares and be at risk for only that $1 per share.

How might that play out? The 7.5's have a delta of .47, so that means if the stock goes up by $1, then the puts will lose .47 per share. That's the price for being protected, like your house's fire insurance. As it goes up more and more, this delta will get less and less, so the puts become less of an anchor around your neck.

Now here's a perfectly plausible scenario: AUPH get amazing news and spikes to $10.50. You love the profit and decide to close it out for 3.35 per share. Your puts will not be worthless, but perhaps they are only worth .10, so you decide to hold those in case something strange happens. You have locked in 2.05 profit no matter what on your $1 risk, so it's already a home run. But perhaps it slashes back and forth and pulls back to 7.5 a week later. You can buy stock against those puts or cash them out for perhaps another .50, making the total profit on the play of 2.55.

Let's look at the opposite: Catastrophic news spikes it down to $3 per share, where it seems to find support. No more sellers there. Your shares are down $4.15 per share, but your puts are up $3.20 (7.5 minus the 1.30 for the puts ). You still like the play. You cash in on the puts and you can either buy more puts, or wing it from there. A $1 retracement up and you're back to scratch.

I hope that makes sense! It's good planning in today's precarious market.

https://www.warriortrading.com/day-trading-chat-room/

https://www.warriortrading.com/day-trading-chat-room/

THE ULTIMATE GUIDE TO VOLATILITY STOP-LOSSES

https://www.tradingsetupsreview.com/ultimate-guide-volatility-stop-losses/

When Is It Time to Sell a Dividend Stock?

http://investorplace.com/2012/10/when-is-it-time-to-sell-a-dividend-stock-2/#.WQ_pb9rythE

Reit

http://www.investopedia.com/articles/04/112204.asp

S&P 500 ETF

http://finance.yahoo.com/news/p-500-bull-run-bet-142202106.html The stock market has a tendency to move up during the six-month period (November-April) buoyed by seasonal tailwinds.

Trading options

http://www.wiley.com/WileyCDA/Section/id-819858.html

http://www.wiley.com/go/tradingoptions
Password analysis

Trailing stop

http://www.quant-investing.com/blogs/general/2015/02/16/truths-about-stop-losses-that-nobody-wants-to-believe

Medved Trader

suzyq

When I  am interested in a stock  I  always look  at options  action.  to see if there is  anything  going  on.  I  could not  trade without  Medved Trader.  It is  very  easy to see options

http://www.stockstotrade.com/pro/

Reit

http://www.dividend.com/dividend-stocks/reits-dividend-stocks.php

UVXY

Okay, so lots of discussion about market volatility and what might happen if the market has a vicious pullback. Will we all be lamenting the missed opportunity if UVXY spikes to $120 because the market loses 20% in a week?

Well, for anyone who felt that the market simply MUST pull back, you know the pain over the last five years of holding UVXY or any other long volatility instrument while the market always goes up...no matter what.

But guess what!!!!!!! If that happens, and you're not in a long vol instrument, you haven't missed anything.

UVXY has an alter-ego. An instrument that is your friend... UVXY is your enemy (except for very short term trades). In fact, there are two friends: XIV and SVXY. When the market pulls back enough that these instruments are CUT IN HALF, then you can get in. The dynamics that create the slow march to zero on UVXY now is working in your favor. Day after day, week after week.

Do your own analysis, but from what I can surmise, you can regularly get 30-50% or more on your play when these instruments get smashed.

This should only be done with risk capital. Money you can lose. Why aren't these touted more heavily? Because when they are way up, they can get killed. But after they get killed, getting in can be a very good thing to do.

Basically, you don't have to get lucky and try to time the crash that may or may not happen.

This should give you some additional information: http://greyenlightenment.com/svxy-strategy-part-2/

Never short a stock above moving average over 50

AAii.com

http://www.aaii.com/computerized-investing/article/technician-by-chartiq-for-ios-and-android

Slider

Slider

For Jerry55 and Ernie...as promised here is my 3 DT on AKTX from yesterday.  For my first pullback entry indicators I use the 8 EMA, LOW (measures the low bar of the EMA, so in theory, if the stock rises above the line, it indicates a higher low or a reversal), the MACD histogram and the Elder Impulse signal.  Depending on how fast the stock is moving I either use the 2 or 5 min chart.  And most importantly, I follow HB's guidance on STOPS and Targets.  The setup also works well for swings, I just use the daily chart.   Does it work every single time? The answer is no, but if I follow the process, and apply the proper risk management, it is pretty reliable. The key is " a consistent  you = consistent winning trades"  My problem is I always get in the way of that formula.  A busy chart (follow the 1,2,3) but I hope this helps and let me know if you have any questions.

Trade journal

https://m.youtube.com/watch?v=akOSPHo3gIE&ref=home_page

Trading Psychology: The Missing Link

Trading Psychology: The Missing Link

There is a ton of advice on trading setups out there in the blogosphere. Some of it is good, most of it is bad, but none of it impacts your trading as much as your own trading psychology. The "mental game" is usually the missing link that keeps a trader from trading profitably.

Why is trading psychology so important?

It is because human beings are not wired to trade. Our brains are constructed to perpetuate survival, not make money. That is why so many traders know exactly what to do to make money, but still do the exact opposite. Thousands of years ago, surviving in the state of nature did not require long term thinking, assessing probabilities, managing risk or handling draw downs. Instead, it required immediate action.

Here are 5 tips to fix your mental game and increase your profits.

Tip 1: Embrace Small Losses

Dealing with losses is emotionally the toughest thing a trader must deal with. Losses impact our emotions when we take a big loss, are in the midst of a ten trade drawdown, or get stopped out of a stock that immediately reverses and ends up hitting our planned target. The loss trigger leads to revenge trading, micro-managing, poor decision making and a number of other trading psychology pitfalls.

Fix the loss trigger by embracing small losses. Remember that small losses means you are doing something right. You are sticking to proper risk management. You know that these losses mean nothing if they are sandwiched by some bigger wins.

Tip 2: Think About Your Next 100 Trades

Many traders live or die by their next trade. While we analyze every trade, our overall guiding focus should not be gains and losses in the moment, but over time. Don't worry about that one loss. This leads to recency bias that will reek havoc with your mind. Remember, in the grand scheme of your trading, that one loss is meaningless. Instead, think about, no obsess about, the next 100 trades. This will keep you focused on the process and not short term results. Remember, we are trading probabilities and sometimes you will lose on good trades. A drawdown does not mean you are trading poorly. Do not let good trades with poor short term results impact your trading psychology.

Tip 3: Fight Fear By Reducing Risk

Putting on a trade can be scary. Your hard earned cash is on the line, and you do not want to lose it. Anybody who has traded a paper account with success and made the move to real money knows the impact fear has on your trading. Fear manifests itself in trading by making it difficult to pull the trigger on a trade, exiting before hitting targets, pulling out of trades before the stop is hit and other micro-managing issues. If fear is showing up in your trading, reduce your risk. The smaller the potential loss, the less scared you are of the trade. For example, if you usually risk $200 per trade, lower it to $100 until the fear goes away. Then slowly increase risk in small increments until you get back up to $200 and no longer fear the trade.

Tip 4: Fight Greed By Partial Profit Taking

The opposite of fear is greed. While we love the challenge and strategy of trading, ultimately we are in this game to make money. This makes us greedy. Greed impacts traders in two major ways. The first is by making our targets too aggressive and illogical. For example, let's say you enter a stocks at $90 with a target just under resistance at $100. As the stock hits $100, you think to yourself that you'll hold on longer, it'll hit $110 and you'll double your profits. The sounds great but you set your target at $100 for a reason. Your stock will likely pullback at the resistance level. Thus, pretty soon that $10 profit is $5 or you lose it all. Greed turned a winning trade into a loser. Fix this trading psychology leak by taking partial profits. In the current example, take half off at $100, move your stop up to $95. This keeps you strategically sound while also letting your greed play itself out in a positive way.

Tip 5: Fight Greed By Reducing Position Size

The other way greed manifests itself is when a trader trades too big by increasing position size. The trader thinks if she can make $1000 off 100 shares, by doubling the position she can double the profit. While this is true, she is commiting trading suicide because not only is the trader increasing potential profits, but also potential losses. A small drawdown no longer is insignificant, but leads to losses that are hard to come back from. The way to combat this common emotion is to religiously stick to your risk rules. If you have identified $500 as your max risk, you will never take a position size that increases that risk. This is the only way to protect your account. Remember, winning traders play defense before offense.

Conclusion:

Sound trading psychology is essential to becoming a winning trader. Humans are not wired to trade effectively, so we must attack the mental game as hard as we do when learning the markets and trading setups.

Take some time to identify your own trading psychology weaknesses. If mental errors like fear, greed, recency bias or issues with taking losses show up in your trading, implement the trading psychology fixes in this article and watch your results improve dramatically.

School of trade

Tradersaudio

https://www.tradersaudio.com

Spike trade

https://www.spiketrade.com/guest/watch.php?file=Psychology_Breaking+Habits+of+Losing+Traders_2009-09-21_.mp4

Barron's best broker 2017

https://www.google.com/amp/www.barrons.com/amp/articles/barrons-2017-best-online-broker-ranking-1489811850

Easy language

Live webcast for Easy Language

http://www.tradestation.com/education/events/live-webcasts/easylanguage

Easy Language book

http://www.tradestation.com/education/university/school-of-easylanguage/books-and-downloads

Bank of America Merrill lynch

Breakout

https://www.google.com/amp/s/www.thestreet.com/amp/story/13283064/1/this-technical-tool-can-tell-you-when-a-stock-will-break-out.html

Trade Station training

http://www.tradestation.com/education/university/learning-tradestation/lesson-1/lesson-1

Round trip

Fidelity mutual restrictions
If 30 days restriction, if in and out then in 30 days,  it will have 85 days restriction not allow to buy

Trader discipline

Andre

I read 'Market Wizards' -- Interviews with Top Traders by Jack D. Schwager.  Jack interviews about 16 of the top traders, including one with Gary Bielfeldt.   From what I've learned, Gary Bielfeldt became a major player in the futures market as a T-bond trader in the 1980s and was known as the best individual trader in that market.   By the early 1980s, his trading size had increased to the level where government-established speculative position limits were becoming a problem, so Bielfeldt shifted his focus to the T-bonds market.   He eventually traded at the institutional level but started with a $1000.00 investment in the soybean market, while trading from his home.  There was no internet in the 1980s, so the trades were placed over the phone.

Here's my summary and interpretation of Gary's trading experience and wisdom:   When Gary was asked why most traders lose, he said "they overtrade, which means that they have to be right a lot just to cover commissions."   He said that the most important thing is discipline.  Second, you must have patience.   If you have a good trade working for you, you have to be able to stay with it.   Third, you'll need the courage to go into the market.  This courage comes from and starts with being adequately capitalized.   Fourth, you must have a willingness to lose; that is also related to adequate capitalization.   Fifth, you need a strong desire to win.   He went on to say that most traders have a tendency to take risks that are too large at the beginning of their careers.  Gary Bielfeldt quotes:  "You should have the attitude that if a trade loses, you can handle it without any problem and come back to do the next trade."   "You can’t let a losing trade get to you emotionally."   "You must have a method for staying with your winners and getting rid of your losers.”

As Gary continued to elaborate, many of us start out in our trading careers thinking that we are the best and that we are going to beat the market.   It's certainly fine to have confidence but it's not advisable to start with a mindset thinking that you know everything.  Humility will serve you better as a trader.   As Bielfeldt has stated in numerous interviews, many beginning traders are greedy and bold and end up wiping out their capital.  That is why Gary said that he will never get tired of saying that novice traders should treat this endeavor as a serious business and put in the time to study.   When they start trading, it should be with very small positions.

'Analogy between trading and poker' -- Gary learned how to play poker at a very young age.  His father taught him the concept of playing the percentage hands.  You don't just play every hand and stay through every card, because if you do, you will have a much higher probability of losing.   You should play the good hands, and drop out of the poor hands, forfeiting the ante.   If you apply the same principles of poker strategy to trading, it increases your odds of winning significantly.  Gary has always tried to keep the concept of patience in mind by waiting for the right trade, just like you wait for the percentage hand in poker.   If a trade doesn't look right, you get out and take a small loss.

Trading break out

http://www.investopedia.com/articles/trading/08/trading-breakouts.asp

Coal stock

Coal stocks to keep on a watchlist:  NRP, FELP, CLD, CNX, ARCH, WLB, TECK, AHGP, HNRG, ARLP, CNXC, YZC, NC

SXCP --  SunCoke Energy Partners, L.P., a master limited partnership, produces and sells coke used in the blast furnace production of steel in the United States.  It operates through two segments, Domestic Coke and Coal Logistics.  The company also provides metallurgical and thermal coal mixing and handling terminal services, as well as operates Convent Marine Terminal, an export terminal in the United States Gulf Coast, located in Convent, Louisiana.   It offers coal handling and/or mixing services to steel, coke, electric utility, and coal mining customers. SunCoke Energy Partners GP LLC operates as the general partner of the company

---------------------------------------------------------------------------------------------------------------

SXC - SunCoke Energy, Inc. operates as an independent producer of coke in the Americas.  The company operates through four segments: Domestic Coke, Brazil Coke, India Coke, and Coal Logistics. The company offers metallurgical and thermal coal for use as a raw material in the blast furnace steelmaking process.  It also provides coal handling and/or mixing services to steel, coke, electric utility, and coal mining customers.

Bull coil break resistance

Finally understood bull coil break resistance

When high of stock could not be higher, then it is called resistance. So buy and sell break even for a while,  finally volume comes in breaks the resistance,  then stock prices will go up at least for 8 one minute bars then drop.

So put in a condition,  if price > resistance price then buy with market price.

Hold for 8 minutes and sell it. Or 13 minutes.. I don't think it will last for whole day... Usually 5 waves then drops.

Andre 2

by Andre Andropolis - Short-term trading strategies -- Using 'Tape Reading' to Identify trade set-ups

I usually wait to the market opens before entering a trade to see how each stock is acting but there are times when I'll consider buying a stock in pre-market.   I like to scale into a stock as the trade moves the direction I thought it would.   As a particular stock rises in price, I will buy smaller blocks at higher prices until I reach the position size I want.   As I scale into a winning position and the stock continues to move in my favor, I may set a break-even stop loss if the stock has moved far enough away from my entry.   As these winners continue to move in the right direction, I'll continue to move my stop or trailing stop up according to a number of factors that include: my risk tolerance, how the stock market is acting, how my stock is reacting to the market conditions and any news that the company released.

 

I use tape reading now as an indicator to identify a stock that is about to make a move before it does.   To do this, I want to see the majority of trade executions(buys and sells) occurring on the offer price or the 'Ask.'   We want to see traders buying immediately with market orders and not waiting for their specific bids to get filled.  These traders have a mindset that basically says that if I want to participate in this stock before the big move is made, then I need to enter immediately.  Traders that are buying the stock on the offer price are saying they're willing to sacrifice the bid / ask spread in exchange to enter the stock 

Andre 1

by Andre' Andropolis -- Some of my thoughts on trading and risk management:   One thing that I've learned in trading is to not focus on the money but to focus on executing trades well.   If a trader is getting in and out of trades rationally, the money will take care of itself.   If we as traders focus on the money, we will sometimes impose our will upon the market in order to meet our financial needs.  There is usually one outcome in this scenario -- the trader will hand over money to traders who are focused on protecting their capital / managing their risk and letting their winners run.  Stay relaxed, place a trade and set a stop.  If you get stopped out, you're doing your job and actively protecting your capital.  Professional traders actively take small losses.  There are times that traders will resort to 'hope' to save their trade.  I have done this and it has cost me tens of thousands of dollars and I never want to experience this again.   In life, hope is a powerful and positive thing but in executing a trade, hope is a virus that can infect and destroy a trader's capital.   Refuse to damage your capital.  Again, this means sticking to your stops and sometimes staying out of the market.   Be very aware of your emotions when trading because irrational behavior is every trader's downfall.   We are trading with other traders, not the actual stock.   We have to be aware of the psychology and emotions behind trading.  

Importance of position sizing:  Position sizing helps protects against 'catastrophic loss.'   This is the type of loss that can destroy a big portion of your trading account.  This type of loss usually takes place when a trader chooses to take a much bigger position size than they should.  Irrational thinking takes over, causing the trader to make a large bet by entering the trader with an oversized position.  The most obvious damage from the loss is financial but the mental trauma can be more damaging.  Something that goes hand in hand with position sizing is using stops.  A protective stop loss is simply a pre-determined price where you decide exit a position if it should move against you.  It's critical to combine reasonable position sizing with risk management by using protective stops.

Build up to a full position as the stock goes your way.  Money management is the key to success.  There is no logical reason to hesitate in taking a stop.   Re-entry is only a commission away.   Sometimes we have to look for opportunities not to trade.  At times, the best way to minimize your risk is to not trade when stocks are not acting right or in a choppy, sloppy market.   As Harry has said many times,  'being in cash is a position.'    By staying out of the market during times like this, you are being proactive in reducing your risk and protecting your capital.

Some of my thoughts on scalp trading:  In a choppy market, volatile market or when the market is trading in a narrow range, my preference is to use scalp trading.  It requires that you act and react quickly in reading the movement.  Scalp trading allows a trader to limit risk by having a brief exposure to the market, plus it's much easier for a stock to move 10 or 20 cents, than it is to move $1.00 or $2.00.   Being able to hold positions for shorter periods of times helps avoid or reduce the chances of equity or market reversals stopping you out of your position and giving up your gains.   For me, scalping also means that my risk has been reduced and that I don't need to have the proper patience that's necessary for success in other types of trading,   We need to be patient with winning trades and very impatient with losing trades.  If you set the appropriate trailing stop when a strong trend has developed, you'll stay in the stock and stand to multiply your profits from the trade.

As a student of life and trading, I'm always looking opportunities to learn and grow.  One of the most unique statements that I've come across is the one titled "The Philosophy of Water" by Bruce Lee, martial artist and philosopher.  This quote can apply to life as well as in trading.  "Don't get set into one form, adapt it and build your own, and let it grow, be like water.  Empty your mind, be formless, shapeless — like water.  When you pour water in a cup, it becomes the cup.  When you pour water in a bottle, it becomes the bottle.  When you pour water in a teapot, it becomes the teapot.  Water can drip and it can crash.   Become like water my friend.” 

My thoughts as to how this statement by Bruce Lee can be applied to trading:  "As water flows, we can see that it makes adjustments and adapts to its ever changing environment.   As traders, we must also make adjustments and adapt to the ever changing markets conditions that we see unfolding.  Don't bet or try trading against the market trend - be like water and flow with it.   Being a successful trader involves more than just choosing the right entry and exit point.  Managing risk to preserve capital is also critical.  We must constantly work to eliminate emotions from trading and strive to trade from a more rational, disciplined and relaxed state of mind.

Andre

I use tape reading in combination with technical analysis.  My morning is focused on price / volume action and tape reading.   The time and sales window allows me to try and identify buyers and sellers.  My goal is to attempt to identify the footprints of large traders, institutional traders and high frequency traders.   I'm looking for stocks that are exhibiting very unusual behavior in pre-market and after the market opens.   Unusual behavior refers to unusually strong price and volume action. (price and volume spikes)   Stocks that are strong and exhibiting relative strength despite the market going down are also ones that I consider.   I use tape reading for short-term scalps as well as for day trades.   I'm using a much shorter-term time frame (1 and 2 minute charts) for scalping.  I move between 3, 5, 10, 13 and 15 minute charts for day trades.  This all depends on how the stock is acting and what's driving the action.  (compelling news, short ratio, float size, is the stock thinly traded?)  All of these metrics play a role in tape reading and how I decide whether to enter a trade.  I will take a small position to minimize my risk to determine if my hypothesis was correct to enter.   If the decision to enter wasn't correct, I exit quickly with small losses.  In other situations, I may scale into a position as the stock moves higher away from my entry price.   If I see high velocity in the order speed with trades being executed on the 'Ask' price, I might enter with a full position immediately. 

Falling wedge

https://tradingsim.com/blog/how-to-trade-rising-and-falling-wedges/

SonnyBlack trading mistaes

Good Time to re-visit Trading Mistakes...........I have made them all...some more than once
                                             Trading Mistakes Re-Visited............                                                                                                          

Trading Mistake # 1.....Don't Fall in Love.....Got a great stock ..wonderful...Its a part of your portfolio that's doing well..Its not your wife or girlfriend Its not something or someone that is going higher because you own it...Its a decision you made that looks ( Right Now ) like you might be on the right side..Book it Dano...and move on..

Trading Mistake # 2...Never Average Down....People say all the time that its the best way to lower your cost...Of Course it is if you are holding for 20 years and I dont know anyone in here doing that..You are throwing good money after bad….Get out and re-evaluate

Trading mistake 3 Is Never Trade against the trend of the market..Lots of people think they are smarter than the market..Heres a clue..Youre not..Not only that..Regardless of how much money you have..Its not enough..Look at the market..

Trading Mistake 4...Dont ever trade Mistakes ....We all make em...they get compounded by trying to Trade out of them Profitably...Rarely happens and when it does Its luck...Get out and Take you lumps....

Trading Mistake 5…Never Trade without Volume...They must have volume ..so If you need to you can get out..Worst feeling in the world is to want to sell and cant because there are no bids.....

Trading Mistake 6….Failing to learn how to short…..

Trading mistake 7...Never Ever trade when You're Tired ..Need sleep.... Get it..The market will be there tomorrow and If you miss a setup..That's ok Another one will come along soon enough....Nothing worse than buying or selling when you're tired....You wouldn't work when you're exhausted why should you trade...Close the site and get some shuteye.....

Trading Mistake 8 .....Placing wrong stops......Placing a stop based on Percentage, although many people do it, can result in leaving a lot of money on the table. Stops should be based on Support and Resistance Lines. One way to look at it may be to chart the Bollinger Bands around a stock. The Bollinger Bands will tell you a good price to place your stop....“Ninety-five percent of all price activity falls within two standard deviations,” ..Stops are important and the right stops are very important..start them right and keep adjusting them...Look at them every day and adjust them according to your stock Movement..

Trading Mistake 9   Picking Tops and Bottoms....... The best traders in the world would never ever consider trying to pick a top or bottom..Know why ? Because they let the market tell them when a bottom or top is formed...Trading is an odds Game...and the odds are definitely in your favor when you allow the market to tell you when go Long or short...EGO...is the only reason to pick a top or bottom....Period....Its not an EGO Game...It an Odds game...and put the odds in your favor

Trading Mistake  10.....Looking at Biotech's and not seeing the pipeline...Only the earnings....Biotech's are not about Earnings when they are in the growth stage..they are about Pipelines and what they bring to the table in the future..Are they frustrating ..Absolutely...Can they be pushed around....Definitely ...are they big short candidates....Yup they are....and do they do a ton of money Raises..yes they do...Can they go from pennies to hundreds of dollars..O yea...they have for me..I have made and lost a ton in them..They are definitely not for the weak of Heart

Trading Mistake # 11…."Losing your cool..."....Most successful traders dont let their emotions get the best of them...Contrary to what you believe that stock you just sold, didnt go higher because you sold it...Believe me you are not that powerful...Most successful traders learn from their mistakes and limit them...You know why you sold before it took off..Most likely out of Fear because you had too big of a position..Every event is either a Gift or a Lesson....Learn to keep your emotions in check or find a new Profession....This may seem like a trading mistake thats not that important..but trust me ..It is.....One way to see if you are right or if you had just bad timing..Trade 100 shares or sell down to a comfort level...No one is telling you to sell it all...

Trading Mistake  # 12.....Not Establishing a Risk Reward Ratio.......  Every Trader is different and has a different comfort level..I believe everyone has to establish for themselves what they expect from a trade before they enter the trade...Yes before they enter the trade.....If I see a trade that I think can go from 40 to 41 although that may be a great day trade...It doesn't work for me as a swing....I need to have the potential to make 3 times my money on a swing..so in the case where I am buying a $40.00 stock I have to see that the probability of getting to $43.00 is there or I don't enter it as a swing...Be selective there are plenty of stocks to choose...And there will be setups....You don't have to rush into a trade .....One thing I have learned over the years..Sellers come out at every level..Buyers can and do Dry up....                                                                                                      

Trading Mistake # 13……….No Recordkeeping   When the Bell rings the work just begins…What needs to be done is you must review what you did well today and what you didn’t…Make notes…. create a diary…and most important Chart your buys and sells….your P&L….The last thing someone wants to do after a losing day is to recreate it….But to be successful you have to…To learn you have too…

Trading Mistake # 14…..Trading the news instead of the stock. Just because you like a company or its product, doesn’t mean you should like its stock. Lots of people see how great a product did and buy their stock on the open. Be careful not to confuse amateur hour with real buying….

Trading Mistake # 15 The tax tail wag the dog. “In 2008, Etherington worked with a family that had held a large Bank of America BAC -0.41% holding for years. Not only did they have an emotional attachment to the stock, they didn’t want to pay the taxes on the cash they would earn from a sale. But when bank stocks got crushed in the financial crisis the family was out much more than the 15% capital gains tax.”…..Pay the tax and be happy to do so……

Trading Mistake # 16 Getting too big for your britches and being Greedy…  So You have been successful trading 1000 shares per Trade, your making money and everything is great. All of a sudden you get this bright idea that if your making X amount trading 1000 shares why not trade 2000 and make double. Makes sense Right…Wrong !!!!!!  When you decide to increase your trades do it slowly…calmly…and most of all not all at once…There is absolutely no reason you can’t go from 1000 shares to 1100 for a week or so and if that works go to 1200..etc Until you find your new comfort zone.  Capital preservation is the key….You cant play if you have no cash..

Trading Mistake # 15 ….Using Margin improperly….Want to destroy your account quickly…Borrow the money to trade from your broker and be wrong….Doesn’t take long to ruin an account with borrowed money…If  you must Borrow….Borrow  intraday and use it wisely….Having to sell because you have a margin call and seeing your stock skyrocket right after you sell isn’t pretty….

Misusing margin

If there is anything that can destroy a trader's account, it's margin. That's when you borrow from a broker to buy securities. If used properly, margin is a valuable tool that can boost profits and give traders breathing room. In the past, many people misused margin, borrowing more from the brokerage than they could afford. It wiped out some traders' accounts and helped to give day trading a bad name.

Trading Mistake # 17...Chasing....One of the most common Mistakes a Day Trader can make is chasing..More than Likely You're going to lose money. Now this mistake is only for Day traders..When we see a stock taking off and don't pull the trigger we wait and wait and wait..until we finally buy near the top and get stuck while the experienced traders are getting out. So what do we do....We compound the mistake by turning a day trade, into a swing trade into a position trade..until we have lost so much money we sell out...at which time the stock turns and goes higher...Number 1 rule..is that's there's always another one...Take a deep breath and realize that you are not going to be in at a great price on every trade...Like they say...they come along like buses every few minutes....Capital Preservation is the name of the game....No money ...No trading                                                                                                       Trading Mistake # 18...........Not booking Profits....Stocks move all the time..Higher , Lower..Blah, Blah Blah....Can you remember how many times you were up on a trade only to have it turn into A loss...Not Cool....The bottom line is increasing your capital and you can only do that by Booking Profits..Book em Dano..Book em...You can always get back in...

Taylor trading

https://www.youtube.com/watch?v=UAv1mZEcABs

Dayers

The Best Trading Lessons of George Douglass Taylor by Linda Raschke(One of the Market Wizards). I've also been looking at the Taylor trading technique lately. It basically looks at a chart and asks is this a buy sell or sell short day. Very interest and Linda Raschke is a good teacher.  

https://www.youtube.com/watch?v=UAv1mZEcABs
22:33:54

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Replies

Traders joe

http://averagejoedaytradr.blogspot.com/2015/01/how-i-started-trading-part-ii-choosing_47.html?m=1

tom demark

https://www.fxstreet.com/live-video/264f18e7-8dc3-4640-bdbe-dc7ae17159b5

Not sell with loss and next day lost big

Break out 30 minutes

https://www.wealth-lab.com/Forum/Posts/Breakout-from-the-first-30-minute-high-38341

Trading training

http://technitrader.com/sign-up/

Pattern day trade

http://bullsonwallstreet.com/pattern-day-trading-guide/?utm_content=bufferbe572&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

Peter

http://www.moneychimp.com/features/monthly_returns.htm