Trading Wisdom from Richard D. Wyckoff and Ending Trading Statement Balance for Week

Hello Traders, Today I want to continue my discussion about some trading wisdom from the trading masters.  In today’s topic, I am borrowing some trading wisdom from Richard D. Wyckoff. “You can learn from this how to develop independent judgment, so that you need never ask anyone’s opinion or listen to anyone’s tips, or take…

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Wow, what an Amazing Trading Day!

Hello Traders, First of all, this goes to show you if you stay inside your trading plan, then you allow for good things to happen in your trading account.  Today was one of those trading days which only happen a few times a year.  The market moved to 10P profit target in a very short…

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Time to Move ON Up

The Blame Game …

Hello Traders, Today’s post is entitled,” The Blame Game.”  Whenever, I use to have a bad trading day I used to blame anyone around for this trading day.  As I have grown over the year’s as a trader, I have learned one very important component to trading – stop blaming others for your trading losses.…

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March 21st, 2012: YOYO and Ending Statement Trading Balance from Yesterday’s Trading

Hello Traders, When I made up my mind not to trade today the market was not moving, even after the Crude Oil Inventory Report came out today.  The market looked like a Yo-Yo.  The upward movement that started and went up to 107.50 was not supported by any volume movement to speak of so I…

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March 21st, 2012: YOYO and Ending Statement Trading Balance from Yesterday's Trading

Hello Traders, When I made up my mind not to trade today the market was not moving, even after the Crude Oil Inventory Report came out today.  The market looked like a Yo-Yo.  The upward movement that started and went up to 107.50 was not supported by any volume movement to speak of so I…

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