Wins and Losses are familiar to us all, the pain of loss and the joy of a win. There is no confusion there.

But, when we look at losing trades, most of the times it’s not the strategy that has failed but, rather, the trader.

Uh huh… that is most likely you! However, help is on the way…. I am going to discuss ways to stop financial losses, and begin being a winner at the trades. Prior to placing orders, you have to decide where your stop loss order will be placed.

If you want to talk about position entry, it should include a comprehensive explanation of stops. Why do so many investors fail to take advantage of stop losses? It you are one of those not using them, listen up, you’ll want to know this. Stop losses can spell the difference between meager late retirement and on time comfortable retirement.

When you have …

Take it from the person who won the United States Trading Championship with profits of more than 440% in 1984 – there are five things that every successful trader needs to know how to do:

Have a method to trade.
Have the discipline to follow your method.
Get real trading experience, instead of only trading on paper.
Have the mental fortitude to accept the fact that losses are part of the game.
Have the mental fortitude to accept huge gains.

Bonus tip: Find a mentor.

That trader who won the championship in a record-breaking fashion is Robert Prechter, the founder and president of Elliott Wave International. Once you think you’ve mastered his 5 tips for how to trade successfully, then the best thing to do is to find a mentor. In this excerpt from the book, Prechter’s Perspective, Bob Prechter discusses how sitting at the elbow of a …

This is the second post of my series on why the best traders hide under a dunce cap.

See part one here.

If you want to work hard on Wall Street and not get paid for it then boy do I have the perfect job for you!

Work on discovering all the details about the stock market. There may be no monetary benefit but the job security is guaranteed. In other words, no one would pay you since it is an impossible task to ever complete.  You can never know everything there is to know about the stock market.  But you sure can know a lot about a little.  Sounds really stupid does it not?

The market provides millions of opportunities a day. So let’s face it, we

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Today I’d like to introduce Andrew Sizemore and Ben Brinneman from CSquaredTrading.com and reflect on a day that will live in infamy with them…and millions of Americans and traders. They also touch on how the markets changed, and what experts did (and still do) to prosper! Please enjoy the article, reflect where you were the ‘world flashed red’, and comment with your thoughts on the article.

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On any given day when the markets are open for business, if you walk into the office of any professional trader, you will see him seated comfortably at his desk chair, a tall mug of coffee within easy reach, with his eyes riveted unwaveringly and his focus firmly fixed upon the semi-circle of computer monitors spread out before him.  Glancing at those multiple monitors, you will see a proliferation of ever-changing multi-colored streaming charts, a constant flow of real-time financial news from various

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Editor's Note: The following is a roundup of articles about ETFs, index funds and indexes from other sources than IndexUniverse.com. Comments and suggestions are welcome through email at: <!-- var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy36449 = 'mcoleman' + '@'; addy36449 = addy36449 + 'indexuniverse' + '.' + 'com'; document.write( '' ); document.write( addy36449 ); document.write( '' ); //-->mcoleman@indexuniverse.com or  mhougan@indexuniverse.com. 

 

Has Buffet Lost His Touch?

This catchy title no doubt will get a lot of attention. And the author, Simon Maierhofer, makes some pointed short-term observations about Warren Buffett's advice as viewed from his latest press clippings.

Maierhofer then leaps into a discussion of how most ETFs are selling at significant discounts from their high points. Not a startling revelation, but if you've got some time to kill, this piece from the

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[In Part II of his three-story investigation of the credit crisis, Money Morning Contributing Editor Shah Gilani shows us how American International Group, a perfectly sound company that’s survived for 89 years, was destroyed by some errant bets on a derivative security called a “credit default swap,” or CDS. It’s a story you’ll read nowhere else.] By Shah Gilani Contributing Editor There’s nothing fundamentally wrong with the core insurance business units of American International Group Inc. (AIG). Nothing at all. What imploded the venerable insurance giant was an accumulation of misplaced bets on credit default swaps. By the best estimates of the International Swaps and Derivatives Association and the Bank for International Settlements (BIS), often referred to as the central banks’ central bank, the notional value of credit default swaps is some $62 trillion, or 35 trillion British Pounds at an ...