RM... Nice article!!! Idea for a future one... been looking for info on how to conduct my activities during market hours. I have solid post/pre market and weekend routines. My routine feels sloppy during market hours. Looking for suggestions on the actual mechanics of 9:30-4:00 market hours.
Very good and very short article -- worth remembering and re-reading. Thank you.
I'd like to hear a discussion about "Edge" - what it is, how do you know if you have an edge, and how to leverage that Edge in trading. It's a lot easier for me to understand what my Edge is if I'm playing a dice game with loaded dice, or playing poker with marked cards, etc. However, in trading breakouts from chart setups then what really is the edge? If the edge is that 75% of stocks follow the market trend, then I don't really have an Edge that no one else does.
Great Article Richard! I’ve done the choppy trading since the start of the pandemic and have had some times of gains and lots of losses. Thanks to your teaching I’m finally getting it and have sat out the last few weeks, which was really tough. This market correction has shown me the truth of what you’re talking about. Patience, with a lifelong trading perspective…and it’s okay to NOT trade. I’ve avoided a lot of losses. Thanks!!
I’d like to suggest doing an article on your favorite candlesticks. I hear you mention a few in your videos. Can you share some more details? I’d also like to know what you look for in candlesticks to determine that a run might be fizzling out or topping, which makes you take some profits. Thanks!
Today I studied the performance I've had so far trading Oil, Gas, and Material/Metals during this correction, and It is basically breakeven to slightly profitable. Might make more sense to not even trade, but I am doing very micro position trades to gain more experience. Completely agree though. They're more like practice trades for me to build my confidence and experience so I'm ready for the next uptrend, and then I'll be ready like a lion!
RM... Nice article!!! Idea for a future one... been looking for info on how to conduct my activities during market hours. I have solid post/pre market and weekend routines. My routine feels sloppy during market hours. Looking for suggestions on the actual mechanics of 9:30-4:00 market hours.
Awesome article. One to keep and read again and again.
Great article. Think I’ve put more effort into building my patience muscle than anything else in trading so far.
Well put Richard!
Thanks Tom!
Very good and very short article -- worth remembering and re-reading. Thank you.
I'd like to hear a discussion about "Edge" - what it is, how do you know if you have an edge, and how to leverage that Edge in trading. It's a lot easier for me to understand what my Edge is if I'm playing a dice game with loaded dice, or playing poker with marked cards, etc. However, in trading breakouts from chart setups then what really is the edge? If the edge is that 75% of stocks follow the market trend, then I don't really have an Edge that no one else does.
Thank you for considering.
Great Article Richard! I’ve done the choppy trading since the start of the pandemic and have had some times of gains and lots of losses. Thanks to your teaching I’m finally getting it and have sat out the last few weeks, which was really tough. This market correction has shown me the truth of what you’re talking about. Patience, with a lifelong trading perspective…and it’s okay to NOT trade. I’ve avoided a lot of losses. Thanks!!
I’d like to suggest doing an article on your favorite candlesticks. I hear you mention a few in your videos. Can you share some more details? I’d also like to know what you look for in candlesticks to determine that a run might be fizzling out or topping, which makes you take some profits. Thanks!
Today I studied the performance I've had so far trading Oil, Gas, and Material/Metals during this correction, and It is basically breakeven to slightly profitable. Might make more sense to not even trade, but I am doing very micro position trades to gain more experience. Completely agree though. They're more like practice trades for me to build my confidence and experience so I'm ready for the next uptrend, and then I'll be ready like a lion!