It’s definitely an interesting holiday season. Bitcoin is below $4000 from the peak of almost $20k a year ago; and the US stock market is tanking. I’m sure glad to be out of Bitcoin since Dec ’17. It reminds me the saying: “It’s better to be out of a trade wishing you were in it, […]
Author: Markus
Very popular and good book on trading psychology. I’ve listened to many Mark Douglas interviews on YouTube and he has other good books, too. Unfortunately, he passed away few years ago and is not around anymore. Trading in the Zone helps you to understand and think about the mental side of placing trades. It’s not […]
Cut losses quickly, let profits run
The title says it all. I had a winning trade and I didn’t let profits run. It’s a two-fold situation really. I had TGT in place and was away from the screens. The TGT was around 15% profit, not being too greedy to let the trade turn around against me. So I didn’t get all […]
This book is one of the classics first published in 1923. It is recommended by so many traders over the Internet and podcasts. A trader from California told me to read this at least ten times cause I’ll get new insights each time. I have read it just once for now but I might get […]
Since I’ve been following Dr. Elder’s work closely, I got one of his books from the library, Entries & Exits – Visits to sixteen trading rooms. There are many interesting traders interviewed in this book including Gerald Appel, the inventor of one of the most popular indicators MACD; Kerry Lovvorn, the co-founder of SpikeTrade. It […]