“Money is made by SITTING. Not TRADING”.- Jesse Livermore, Reminiscences of a Stock Operator. One of the biggest reasons 90%+ traders fail is because they overtrade, and think they need to be in everything that moves. Here are 5 things that you can do to prevent overtrading and eliminate boredom trades. Always Remember: Being Flat …
It has truly been a bloodbath in cryptos the past week. Bitcoin dropped below $10k. Litecoin traded in the mid 100’s. Ethereum dropped down to the 700’s. This is the first time we have seen the leading cryptocurrencies have a multi-day drop of this magnitude. We have seen big drops in these names before, but …
Read moreWhy I LOVE Cryptocurrency Crashes: How To Capitalize on Cryptocurrency Pullbacks
“Your trading should consist of small losers and big winners. You need to let your winners ride.” Even if you’re a new trader you have probably heard some variation of this trading advice on a weekly (maybe daily) basis from your social media feeds. But they almost never tell you actually HOW to let your …
It’s a good problem to have. When the market is ramping and you are in positions, it’s the best feeling in the trading world. The trade becomes easy. It’s like riding a bike with the wind at your back. However, ramping markets become overbought. Once the market hits overbought levels, strength becomes a problem for …
Read moreHow To Analyze The Market When Indicators Tell You It's Overbought
A massive trading loss is a devastating experience. The trading loss could be the result of stubbornness and indiscipline, where you didn’t obey your stop loss, you averaged down, and it kept going against you. Sometimes it can be from bad luck. Whatever the reason might be, it is always a huge blow to your …
If you have been trading stocks the past few months, you have probably noticed that small caps have been going crazy. Almost every week, there is at least one (sometimes more) small-cap stock that goes up 100% or more within 1 trading day. A common catalyst of the stocks making these insane moves is a …
Read moreBlockchain Stock Frenzy – How Cryptos Are Launching Small Caps