successful trader Archive

  • The products were sold to many investors, many who didn’t fully understand what they were buying, most of them what we called “clueless Japanese.” The profits to my company were huge – hundreds of millions of dollars huge. The main product that made my firm great money for close to five years was was called, in typically dense finance jargon, a YIF, or a Yield Indexed Forward.

    Here’s why Wall Street has a hard time being ethical

    Posted on December 13, 2013 | No Comments
    The products were sold to many investors, many who didn’t fully understand what they were buying, most of them what we called “clueless Japanese.” The profits to my company were huge – hundreds of millions of dollars huge. The main product that made my firm great money for close to five years was was called, in typically dense finance jargon, a YIF, or a Yield Indexed Forward.

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  • Brokers are not taught to protect clients money. Money the customer worked hard to accumulate slowly Is disappearing. The poor (and getting poorer) investor is listening to the chorus singing, “the market always comes back”, “you have good quality stocks so just hold on to them”, “you don’t have a loss until you sell” and “you can’t time the market”.

    Don’t Buy Anything

    Posted on June 19, 2010 | No Comments
    Brokers are not taught to protect clients money. Money the customer worked hard to accumulate slowly Is disappearing. The poor (and getting poorer) investor is listening to the chorus singing, “the market always comes back”, “you have good quality stocks so just hold on to them”, “you don’t have a loss until you sell” and “you can’t time the market”.

    Continue Reading...

  • All of these providers of information are salesmen. Yes, even the pretty cheerleaders. The investor must also remember that none of the above are allowed to criticize the company they are writing about. If they were critical of a company that company might never again advertise on their program or in the newspaper. Money talks; you know what walks.

    Last Place for Financial Advice

    Posted on June 7, 2010 | 3 Comments
    All of these providers of information are salesmen. Yes, even the pretty cheerleaders. The investor must also remember that none of the above are allowed to criticize the company they are writing about. If they were critical of a company that company might never again advertise on their program or in the newspaper. Money talks; you know what walks.

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  • It seems it doesn't make any difference where our 3 pigs did their shopping – DOW or NASDAQ markets. The important difference was that the one who checked to be sure his purchases never went bad was the one who ended up with plenty.

    Check Your Pantry

    Posted on May 24, 2010 | 1 Comment
    It seems it doesn't make any difference where our 3 pigs did their shopping – DOW or NASDAQ markets. The important difference was that the one who checked to be sure his purchases never went bad was the one who ended up with plenty.

    Continue Reading...

  • Ironically, it doesn't work that way in the stock market. In the stock market hope is a hindrence, not a help. Once you take a position in a stock, you obviously want that stock to advance.

    Hope

    Posted on May 22, 2010 | 1 Comment
    Ironically, it doesn't work that way in the stock market. In the stock market hope is a hindrence, not a help. Once you take a position in a stock, you obviously want that stock to advance.

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  • One major difference between successful traders and unsuccessful traders is the ability to admit when one is wrong. A successful trader will cut their losses before they get out of hand. An unsuccessful trader will let their losses grow in the false belief (hope) that things will pick up.

    Learn to Lose – The Key to Big Wins on the Stock Market

    Posted on May 19, 2010 | No Comments
    One major difference between successful traders and unsuccessful traders is the ability to admit when one is wrong. A successful trader will cut their losses before they get out of hand. An unsuccessful trader will let their losses grow in the false belief (hope) that things will pick up.

    Continue Reading...

  • Emotions have no place in a day trader, swing trader, or even long term trader's outlook on their investments. When we try and protect ourselves from fear, we end up resorting back to our habitual instincts to enter into a place of comfort, whether or not that place is reality.

    Stock Trading Emotions – Learn to Conquer the Fear

    Posted on May 18, 2010 | 2 Comments
    Emotions have no place in a day trader, swing trader, or even long term trader's outlook on their investments. When we try and protect ourselves from fear, we end up resorting back to our habitual instincts to enter into a place of comfort, whether or not that place is reality.

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  • The idea is to avoid bear markets altogether and only move back into the market once an uptrend has been established. Then you can select funds that are in tune with market momentum and current economic conditions.

    Question About Mutual Fund/Unit Trust Performance Data and Financial Services Professionals

    Posted on May 16, 2010 | 3 Comments
    The idea is to avoid bear markets altogether and only move back into the market once an uptrend has been established. Then you can select funds that are in tune with market momentum and current economic conditions.

    Continue Reading...

  • They try to teach all about everything. No normal person can absorb it much less apply it in real time by themselves. Of course, you must become a technical analyst also. Usually that is an extra class for additional money.

    Get Rich Quick Trading Courses

    Posted on May 15, 2010 | 2 Comments
    They try to teach all about everything. No normal person can absorb it much less apply it in real time by themselves. Of course, you must become a technical analyst also. Usually that is an extra class for additional money.

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  • A good video presentation on how to identify and overcome doubt in trading. Trading is not that hard, but doubt makes it hard for us to trade if we do not contain it early.

    How to Overcome the Vicious Cycle of Doubt

    Posted on May 5, 2010 | No Comments
    A good video presentation on how to identify and overcome doubt in trading. Trading is not that hard, but doubt makes it hard for us to trade if we do not contain it early.

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