Picking Your Spots When Selling Short

“Nobody makes money in a true bear market, not even the bears“ | The action this week got me thinking that I need to write a Duru-like missive on shorting. But since I don’t have a Ph.D you’ll just have to suffer through the following rant which I’ll try to keep relatively short. Yesterday Howard [...]

R (R-Multiples) Defined

There seems to be a lot of controversial over the concept of R-Multiples. I’ve been seeing people complain about them for months now and I’ve been meaning to write a post about “R”. I really wanted to do it last week but I’m glad I didn’t get to it because this week a raging debate [...]

My Trading Objectives

I was asked the following via an email: I was just curious if you could share with us your trading objectives. Do you just let your winners run and protect your losses or do you consistently make small gains? I basically try to perform a balancing act between several trading rules/axioms. I’ve listed four axioms [...]

On Trading Journals

Last week the following question was asked of me about trading journals: This expectancy stuff is very intriguing. I plan to take advantage of that concept immediately. I have been keeping a log of every trade I have done, but I have not kept track of what I now wish I had (overall market sentiment, [...]

Thoughts on Day Trading

2011 Update: You may also be interested in my article, Tools of the Trade, detailing how I trade as well as my hardware and software setup. 2010 Update – I (Mike) now trade exclusively with MB Trading. I suggest using stock brokers comparison site StockBrokers.com to compare the best day trading brokers. I’ve been exclusively [...]