The Value of Simplification

When it comes to trading, rules are good. However, if you have too much to think about or way too many rules or an overly complicated system, it can work against you. Those of you who have been following my blog know that over time, I kept making myself more rules and making my trading system more and more complicated. How’s the stock behave when the market is green? Does it tend to close near its lows? How does it perform when the moon is full? etc, etc, etc. None of this helped. In fact, my trading got worse over ...Continue Reading...

Where’s Yng?

Some of you have wondered where I’ve been. I’ve still been in the chatroom for those of you who are in there. Unfortunately I lost my job over a week ago; since I may need my trading money to pay the bills until I get something else, I’ve had to halt my real trading. I’ve been continuing to paper trade for practice. I’ve actually been experiencing nice improvement in my trading, with green days nearly every day in my paper trading, but unfortunately I don’t feel I’m consistent enough yet to be able to make a living off of trading, ...Continue Reading...

How Weird Price Action Can Screw Up A Good Trading Plan

Today was one of those days where I followed my trading plan pretty well. I had a few mistakes here and there but followed my plan mostly. But today was one of those days where bad luck and odd price action messed up some of my trading plans. I’m going to talk about two trades where I got blindsided. In one, I took a much bigger loss than I normally would as I didn’t even have time to set a stop. In the other, I had a significant profit turn into a break-even trade. First, for the losing trade. It ...Continue Reading...

An Example of a Channel-Trading Stock

Some of you have asked me what a stock trading in a channel looks like. Here’s my losing LVS trade from a few days ago. ...Continue Reading...