Archive for November, 2008

• Think for yourself
  Posted by Ivanhoff on November 7th, 2008 at 3:40 pm, Comments: 0

  One of the biggest pitfalls in trading is to rely too heavily on the guidance of other people. It is important that you formulate your [...]

• Planning
  Posted by Ivanhoff on November 7th, 2008 at 4:28 am, Comments: 0

  In life as in markets, chance truly favors those who are prepared to benefit. Failing to plan truly is planning to fail.” Dr. Brett Steenbarger

• Discipline
  Posted by Ivanhoff on November 7th, 2008 at 4:07 am, Comments: 0

  Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred [...]

• Stop loss
  Posted by Ivanhoff on November 6th, 2008 at 8:28 pm, Comments: 0

  If you can’t take a small loss, sooner or later you will take the mother of all losses.” Ed Seykota

• Trading happiness
  Posted by Ivanhoff on November 6th, 2008 at 8:25 pm, Comments: 0

  “I spend my day trying to make myself as happy and relaxed as I can be. If I have positions going against me, I get [...]

• Know when to be aggresive
  Posted by Ivanhoff on November 6th, 2008 at 3:22 am, Comments: 0

  “There is time to go long, time to go short and time to go fishing.” Jesse Livermore

• Learn from your mistakes
  Posted by Ivanhoff on November 5th, 2008 at 3:17 pm, Comments: 0

  “The single most important advice I can give anybody is: Learn from your mistakes. That is the only way to become a successful trader.” David [...]

• Bottom fishing
  Posted by Ivanhoff on November 5th, 2008 at 3:08 pm, Comments: 0

  I never try to buy a bottom or sell a top. Even if you manage to pick the bottom, the market can end up sitting [...]