Category Archives for "Trading Pyschology"

VIX at Extreme Lows Again, But for How Long?

Yes the VIX has been low off and on over the last few years. And by low I mean in the 10.5 to 12.0 range. But over the last 4 weeks we’ve had several closes below 10.

Friday’s close was the lowest since December 27, 1993.

There have only been two other days in the history of the VIX with lower closes. Both of those were December 22nd and 23rd of…you guessed it…December 1993. Continue reading

trading tips

5 Trading Tips You Can Implement on Monday

Sorry, these are not trading tips for stocks to buy.

These are trading tips for the process you use to buy stocks, options, ETFs, whatever.

  1. Have a methodology (trade setup) that you use for finding opportunities.
  2. Know exactly how much money you plan to risk on the trade.
  3. Set a stop for how you will exit the trade if it doesn’t work out.
  4. Set a point at which you will lock in some profits.
  5. All of this feeds a plan that you follow for the trade BUT most importantly…

Continue reading

One of the Hardest Things to Learn

Whether you are a trader or an investor, it doesn’t matter.

One of the hardest things to learn is to take a loss. Losses are part of the trading/investing business.

It’s nothing to be ashamed of.  You have to work your plan. (you do have a plan don’t you?) Sometimes it doesn’t work out. Sometimes it doesn’t work out several times in a row. Continue reading

hoping for a miracle

Still Hoping for a Miracle

In the stock market or futures market or any trading/investing environment, if you find yourself hoping for a miracle then you know you are in trouble. Remember,

 

“hope is not a strategy”

 

Where the Money Goes

Rule 6, from the “Tao of Poker” by Larry W. Phillips, It’s important that a player starts seeing “staying too long on marginal hands” as where the money goes. Continue reading

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