Recent content by accendotraders

Market Conditions give direction It really depends on the current market conditions. In a trending market, Option 1 works great. In a consolidating market (like the past couple of months), Option 3 works good. The key is pick your strategy and be consistent. Build a plan and trade that plan.

Lou Holtz is attributed as saying: Ability is what you're capable of doing Motivation determines what you do Attitude determines how well you do it Many people have the ability to trade and certainly have the motivation. However, most have not developed the right mind-set for trading and thus...

You forgot to mention Vinnie down at the local Salon got a tip about the bottom 700 and a new start up Waste Management Company IPO. Time Back up the Truck Baby!

On the Fence You Know this is something I have been balancing for the past few months. It certainly adds to the business side of trading, but it's not required. I am fortunate that my wife is actually very protective of me while trading. She keeps our kids out of my hair - actually too much...

The difference between those that make money and those that do not are simple, but difficult to master: 1. a developed trading plan - this has nothing to do with what video you watched or what you saw on TV. Do you actually have setups that you use for entries and exits 2. the right...

I love TOS Thanks for sharing!

Volume Equals Conviction You are correct that after months of failed attempts, the market has finally risen above the 50 Moving Average; however, we are missing one important factor. Volume. Remember, the market moved up during a holiday shortened week. You can even go back to the...

I agree totally with your comment on the next level for successful traders after developing a trading plan is capital management. Now some might say that capital management should be apart of your trading plan. Either way, this was a great post.

I agree totally with your comment on the next level for successful traders after developing a trading plan is capital management. Now some might say that capital management should be apart of your trading plan. Either way, this was a great post.

Briefing and TradetheNews Where does Briefing.com and Tradethenews.com get their news from.

You may be aware of what you need to do in 2009 to get out of the rat race, but do you believe it and more importantly will you TAKE ACTION? From Trading in the Zone by Mark Douglas - Chapter 4: Aligning Your Mental Environment: People often describe the internal mental shift breakthrough as...

To Stop or Not to Stop I think the argument of lag indicators or price action is one to be held in another thread. What I wonder is if you're looking for a way to exit positions that doesnt require you to make a decision or take action. Trust me, I understand the want to remove all emotions...

"Guaranteed" Trading System Well as an experienced trader, you know that there is no guaranteed system, even newbies can get lucky from time to time. That's what sucks them in to lose all of their money. I appreciate your sarcasm.

The Beginning of the end This could be the beginning of the end. Notice this announcement came out 1 day after they confirmed their paperwork to become a bank. The FDIC is much stricter than the SEC with regulations. I know they needed to become a bank to get the cash, but this could be the...

Psychology of Trading I soooo believe in the importance of designing your own trade plan. A good trade is one entered and exited based upon rules - regardless of the outcome. However, it's also importance to master your emotions. Yes, a trade plan can help that but you have to dig deeper...