“Private traders have one advantage over professionals – the ability to stay OUT of the market, yet they squander this advantage time and time again by trading when they shouldn’t” - Dr. Alexander Elder Wise words indeed by Dr. Elder and a principle I’ve followed in these last 48 hours where I’ve taken a hiatus from trading [...]

This is another great blog post by Peter Brandt.  I would heartily recommend you read and take action accordingly. Enjoy   Get ready for a big surprise! If you are a successful day trader, this post does not apply to you. However, if you are unsuccessful as a day trader, then this post might be [...]

An interesting comment that was posted on an MSNBC article by one of the readers in response to another commentator.  I can take no credit for this article. If you know who was the original author then please let me know and I’ll happily credit the individuals The U.S. Congress sets a federal budget every [...]

‘A man must believe in himself and his judgment if he expects to make a living at this game.’ Jesse Livermore

“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” Tom Basso – New Market Wizards

“You only get nervous when you haven’t prepared.” Comment by Ashes winning England Cricketer Jonathon Trott during an in-depth interview in todays Guardian Sports section

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. – Jesse Livermore

Everybody has a plan until they get punched in the face. — Mike Tyson

I can claim no credit for this piece but it’s a great way for traders and non-finance types to understand the predicament of Ireland and the economic system in general.  This was attached to the comments on Robert Peston’s latest post on his BBC blog. The piece itself was shamelessly lifted from ZeroHedge. Enjoy. Mary is the [...]

Once we realise that imperfect understanding is the human condition there is no shame in being wrong.  Only in failing to correct our mistakes. George Soros