Since I began trading for Instant Income, I have a lot of time to enjoy the tiny country of Uruguay. There’s an old fort on high hill overlooking the estuary upon which Montevideo is situated. It is the widest estuary in the world, where the Rio de la Plata meets the Atlantic Ocean. The Río de la Plata (Spanish: "Silver River") — which is often referred to in English-speaking count...
It is critical that you trade what you see, not what you think. What you "think" is your opinion, and trading your opinion, or that of anyone else, generally results in more losses than wins. Being flexible, and being able to adapt to what you see in the markets, is the only tradable reality we have. You have to learn to adapt your trading style to what is happening in the markets in w...
On 23 June 2016, the UK will vote on a referendum (i.e., BrExit) to decide whether to remain a part of the European Union. This vote is expected to create substantial market volatility in the days leading up to the vote and perhaps even greater volatility should the final vote be for the UK to separate from the EU. The market consensus suggests that separation would lead to a weaker GB...
Dear Traders, It has been quite a while since I wrote one of these letters to all who are on our list. It is being emailed to you, and will also be posted on my blog. I’ve been trading, but am also involved in erecting affordable housing in Uruguay. I haven’t had a lot of time to write, other than keeping up with the regular free weekly Chart Scan teaching letter. I’ve had...
Dear Investor, On 23 June 2016, the United Kingdom EU Referendum (“Brexit” vote) will take place, creating potential for heightened market movements, including the real possibility of significant price gaps and periods of exaggerated illiquidity. It is important that you be aware of the potential risk of this upcoming event, so that you can be both prepared and positioned properly as...
Really, I'm still kicking. I've been busy in the deep South--South America, that is. But just so you know, I look at or trade the markets every day. It's simply a long time habit. The markets tell me what's going on in the world. In addition to trading, I'm involved in building affordable housing, and working with CAIF, which is an organization that helps the poor. Next time I feel like blogging, ...
I received the following email: Hey Joe! I’m ready to give up. When I found out that statistically most traders are losers, I wonder what chance I have of ever making it. You have every chance of making it. You are not everyone else, you are you. Statistics and those who use them may predict, but you alone determine whether you will succeed or fail. You alone are in control; take responsibil...
"Teach our students the truth in trading - teach them how to trade," and "Give them a way to earn while they learn - realizing that it takes time to develop a successful trader."
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