Riding The Tiger Trade — Part 5 — Courage, Confidence And Discipline
If many people have made fortunes from the stock market
(true also for the commodities and currency markets), and if
they have accomplished their fortunes in different times and
in different ways, then clearly it is not the methodology
that they employed, nor is it the circumstance when they
executed
Riding the Tiger Trade — Part 4 — How To Bag The Big Tiger
When Larry Connors originally talked about trader Stevie Cohen, who made most of his money 5% of the time, I began to wonder about the Pareto principal that says something like 80% of your profits will be made only 20% of the time. Putting it another way, you could say that most often you will be in
Chasing The Tiger Trade, Part 3: Why Timeframe Controls Everything
LetGÇÖs look at a potential reversal trade
that could start as a day trade and which could lead into a
GÇ£tigerGÇ¥ trade, so to speak. By GÇ£tiger trade,GÇ¥ I mean a trade
that will probably last longer than one or two days and which
is capable of producing
Chasing The Tiger Trade, Part 2: Choosing Your Time Frame
Welcome back. This week we discuss time frame, with instructions on assembling the wheel.For me, one of the most confusing and challenging aspects of trading is knowing which time frame to select. If you look at daily charts and then zoom in to a 60-minute chart to fine-tune your entry, you are effe
Chasing The Tiger Trade, Part 1: Setting Objectives
First things first:Does my butt fit the saddle and my feet reach the pedals?Have you got your unicycle? Are you ready for the jungle?Click here for myIntroduction.Setting objectives, for me, means figuring out what I want and can reasonably expect from a well-executed trading plan given my equity,
Chasing The Tiger Trade: An Introduction
A few weekends ago, Larry Connors raised a most interesting point about a trader called Stevie Cohen, who makes lots of money mostly from 5% of his trades. The rest of the time his account is churning
Chasing The Tiger Trade, Part 3: Assembling The ‘Wheel’
Hello again, fellow Tiger trappers. We ended the discussion last week on how I found that the components of a trading strategy were all related.-áI think this point is so important that I ask for your indulgence to let me repeat it. Risk to reward is affected by size, which is affected by volatili