When I teach my class to honors students I find that the biggest mistake they make in trading is buying a stock when it is too extended from support.  They buy when it is extended and then sell as it falls back to support.  I did that a lot until I reviewed several losses and discover ... Read more

Taking Responsibility Shaping your mental environment – Primary goal should be to learn to think like a consistently successful trader, in order to do this need to eliminate the fear and recklessness from your trading. Once you have eliminated the fear you won’t make those fear based ... R ... Read more

Trading Skills to borrow from pilots 1) Trust your instruments (don’t rely on hope or emotion) 2) Need good instincts and technical skills 3) Quick analysis and decision making ability 4) Ability to scan multiple sources of information 5) Ability to adapt to change and take ... Read the full p ... Read more

1)  Trade free from fundamental prejudices.  Hold no judgment on a stock.  Don’t try to rationalize a losing position, or fall in love with a winning one.  A stock may have its “Fundamental Truths,” but the “Absolute Truth” is its price. 2) Focus on proper ... Read ... Read more