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Are You Trading with the Right Stuff?

Successful Traders Possess Key Traits that Separate Them from the Herd By Matt Blackman, CMT Ever wondered if you have what it takes to be a really great trader? Your answer may be just around the corner. Famous commodities trader Larry Williams and his son, Dr. Jason Williams, who studied psychiatr

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Trading Psychology: A Checklist Approach

The S&P 500 made significant gains in the first days of 2011, yet many market analysts and traders are bearish. The reasons vary and include worries about earnings or the economy but many feel that the market is headed for a fall. These bearish pronouncements seem to be business as usual. Last s

Testing Simple Strategies: MACD Works and Futures are Rewarding

Traders are fascinated by indicators. But just because something is interesting, logical or mystical does not mean it works in the market. Testing is needed to be sure the indicator adds value, and we will define value as improving profits. If an indicator beats a simple trend following strategy, it

Keeping a Trading Journal

One common trait among successful traders is the use of a Trading Journal. Many think a Trading Journal is nothing more than a log of transactions but an effective Trading Journal can help one evaluate and educate themselves on trading. A Trading Journal can help you determine your strengths, weakne

How Much Should you Trade When you Trade?

First off, let’s start off by looking at position sizing. Position sizing, in its most basic aspect, is the dollar amount being invested in any security on any trade. Every successful trader will have pre-determined rules for their trading account. Obviously, each individual position size will be

Indicators on Indicators: The Next Step in Analysis

Traders and analysts have been developing market indicators for decades. Many of these indicators are simply measuring the same idea in only a slightly different way since most indicators are based on the same limited amount of market information. For any given time frame, there are only four price

A Different Way To Own Gold?

With gold dominating headlines today, you might be wondering how to own the mysterious yellow metal.  After 11 years of gains, many investors are beginning to understand the logic professed by gold bugs throughout this bull market.  Once a decision to participate has been made, investors often fac

How to Profit from Market Retracements

What is your #1 job as a trader? A trader’s main job is to organize market information into an identifiable sequence, providing an edge. This edge is the result of a statistical advantage from a given set of trades over time. In this article we will look at how to… Determine an edge in the cont

A Trader’s New Year’s Resolution for 2012: Become More Like a Psychopath

New Year’s resolutions are often made and broken within the first days of January. The most popular resolutions, things like losing weight or quitting smoking, require will power and action. Traders can succeed with a simple resolution to act less often in the year ahead and to buy or sell only wh

Netflix – Is the stock traders love to hate finally recovering?

And three compelling reasons to buy it By Matt Blackman, CMT It’s been a rough ride for Netflix investors. Without much warning, the stock began to drop in mid-July 2011 after the company divided its DVD by mail and online streaming services into two separate offerings, effectively doubling the pr