The third commandment of profitable trading is to use an approach that suits you. If you're a very patient, long-term considered person, you want a long-term strategy. A long-term strategy is a trading strategy where you buy and you wait through the big major trend,...
The second commandment of profitable trading is to use a system. Most people approach the markets the way they approach everything else. They think “I'm pretty smart. I've got some experience. I'll bring that experience to bear, and I'll make some sensible decisions,...
The first commandment of profitable trading is you've got to learn the language. If you want to go into a foreign country and function effectively, you need to know the language or translate. In trading, most people come into the markets and think “I'm a smart person....
There are a couple of reasons why stock trading is hard. First, most people zoom in way too much. They're looking at five-minute or at one-day charts; and watch social media when Bitcoin jumps six or 7% in a day up. It's like, "oh, it's over, quick, buy before you...
There's a spectrum on every investing. On one end, the big Wall Street funds have huge supercomputers and trade ultra-high frequency thousands of times a day. On the other end, you are buying a good stock and holding it forever. And in between, there's a whole bunch...
Let me demonstrate the correct way versus the wrong way. Let's say I've got specific rules which might be a bit technical but doable. One thing we do in technical trading is moving averages which is you take the price today, yesterday and the day before, you add them...
Why You Should Read Quotes About TradingSmart traders understand that the wisdom of others can provide valuable insight and direction. That’s why quotes about trading are so powerful — they offer lessons in mindset, trading strategy, trading psychology, risk...
There are good years and bad years. There are easy years to make money, and there are more challenging years. But what you do is you start with broad market behaviour. The market can either be the stock market, crypto, commodities, or any market you want to trade, it...
If you think about money, it's emotionally charged. So if you make some money, you would feel great but if you would lose money, you'd feel bad. If someone steals money from you or you get ripped off, you feel sad and angry. We all have this emotion. We also have all...
Adrian Reid: Hi, Adrian Reid here for Enlightened Stock Trading, and today I can't tell you how excited I am, because I've got a special guest, and I'm speaking today with Peter Castle, who is a longtime trader and a really cool guy who focuses on... He's a systematic...