Posted in Trading Rules on Jun 8th, 2008 No Comments »
If you are going to be a profitable trader, you have to ignore the news. Very few successful traders or investors watch any news shows during the day. If you want to watch these shows, watch them in the evening, but when the markets are open, the commentary you find on these shows will [...]
Posted in Trading Rules, Trading Tools on May 25th, 2008 No Comments »
How you exit a trade is as important, if not more important, than how you enter it. This may seem odd, but if you think about it, if controlling your risk to small, predetermined amounts is the key to successful trading and investing then that, by definition, tells you how important the exit is.
Your trading [...]
Posted in Trading Rules, Trading Tools on May 12th, 2008 No Comments »
Always use protective stops! This is an absolutely imperative action you must take! It is also the way to limit our risk as per Part 2 of this discussion. Once you’ve defined your 2% risk in terms of your account equity, always place a protective sell stop to get out of that trade at a [...]
Posted in Trading Rules on Apr 27th, 2008 No Comments »
Making money in the markets has almost nothing to do with how often you win, but everything to do with how you manage your risk. Remember this whenever you invest in the market. It should become part of your thought process.
So, how can you make money in a market if you’re wrong more than you’re [...]
Posted in ETF, Industry Sectors, Market Commentary, Trading Rules, Trading Tools, Uranium Stocks on Mar 30th, 2008 No Comments »
Sometime others can say things better than I could ever express them. The title of this post is taken from a post on another site where the Arden sisters, who are internationally know as some of the most accurate precious metals forecasters around, wrote a post with the same title. It expresses some powerful views [...]
Posted in Market Commentary, Precious Metal Stocks, Trading Ideas, Trading Rules on Mar 20th, 2008 No Comments »
Yesterday the price of FVI hit our $2.19 sell stop and was sold at $2.17 for $650 loss. This is really a shame because FVI.TO is going to be a huge winner, but we use stops for a reason. Look at CXZ. It hit $.81 today. We were stopped out at $1.40 and saved ourselves [...]
Posted in Precious Metal Stocks, Technical Analysis, Trading Ideas, Trading Rules, Uranium Stocks on Mar 13th, 2008 No Comments »
Back in mid-January I wrote about Crosshair Exploration & Mining Corp (see Using Trend Channels to Time Trades and Crosshair Begins Winter Drill Campaign). We bought it and, following the rules we defined when we set up this site, we entered a sell stop. When the market turned against us, we were stopped out at [...]
Posted in Blog Content, Trading Rules, Trading Tools on Jan 10th, 2008 No Comments »
Before we start looking at individual stocks, we need some trading rules. This post will deal with the rules we will use to “trade” stocks on this blog (remember, this is all “paper” trading and information sharing, not investment advise).
Although I do occasionally short stocks (sell stock I don’t own, for which I receive immediate [...]
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