Avoiding the Oldest Trick in the Book

Avoiding the Oldest Trick in the Book

In a previous article, I strenuously warned against the temptation of holding overnight positions. When I give my top ten rules of day trading “don’ts”, no overnights is Rule #1. A VERY close second is no dollar cost averaging. For those who don’t know, dollar cost...
The Market Maker Goldmine

The Market Maker Goldmine

Bernie Madoff went from being a relatively unknown name with the public to a highly recognized one in just a matter of months. And, of course, for all the wrong reasons. But, what most people don’t understand about Madoff is that he made a great deal of his wealth not...

Quit While You are Behind

Like fishermen, day traders love to talk about the “big catch” – the trade where the moons, stars and planets aligned in perfect unison and we made more in one hour as a day trader than we’d make all month in our prior career. Yet, while these stories are often...