Traders Top 12 Favorite Trading Blogs

I conducted a poll titled “What is your favorite trading Blog?”  looking for the top trading blogs online. I was trying to get the poll out there and have some diverse voting. I looked around online to find other top trading blog lists to build my original poll. Thanks to everyone who cast a vote and also to those that took the time to fill in a blog under ‘other’ that allowed us to discover new blogs I had not heard of but seem great. I ended up getting 389 people to participate and I am happy with the results. My original plan was a top ten list but three blogs ended up in a tie for 10th, not wanting to leave out any of the three great blogs that tied I expanded this to a top twelve list. I had heard of many of these blogs before and read some of them at times. I believe this list could provide a great starting point to quickly find a few blogs that fit your trading style. I know I will start checking them out myself and find the ones that want to read going forward.

#1 www.NewTraderU.com

#2 www.MarketChess.com

#3 www.BenCBanks.com

#4 www.joefahmy.com

#5 www.seeitmarket.com

#6 www.smbtraining.com

#7 www.bclund.com

#8  www.dragonflycap.com

#9 www.jonboorman.com

#10 www.trendfollowing.com

#11 www.chartlearning.com

#12 www.fat-pitch.blogspot.com

Trader: Meet The Judge

If you are a longer term trend follower and there is a long term trend, then you make money.

If you are a shorter term trend follower and their is a trend in your trade you make money.

Swing traders make money in range bound markets.

Value investors make money when buyers agree and move in to scoop up the value play bidding it up.

Day traders tend to do well when their is volatility and a wide daily range to trade.

Momentum traders make money when break outs follow through and run.

Growth stock investors are winners when growth stocks are in favor.

Can Slim investors are winners in bull markets.

Short option plays generally make money in non-trending markets.

Long option plays need a trend to unlock profits.

When the market acts in correlation to technical analysis the practitioner of technical analysis wins.

A bull in a bull market makes money and a bear in a bear market makes money if their entries and exits are robust.

Profits are a function of the market’s actions not under the power of the trader and investor. When you realize your job is to trade your edge and let the market decide if you win or lose things get a lot more simple than when you are trying to ‘beat’ the market. You do not want to beat the market, you want to be on the same team as the market doing exactly what it is telling you to do based on your own proven system.

All of the above trading and investing styles make money if they manage risk per trade and trade their style with discipline and focus so that in the long run they generate big wins and small losses.

Ultimately the market is the judge, jury, and executioner, all we can do is plead or case with every entry and take or punishment with every stop loss exit.

20 Reasons 90% Don’t Make It Trading

Ten Reasons Why 90% of New Traders Don’t Make It

1. They risk too much to try to make so little.
2. They trade with the probabilities against them.
3. They think trading is easy money.
4. Instead of focusing on learning how to trade they focus on getting rich.
5. They blow up due to improper position sizing.
6. With no understanding of the mathematical risk of ruin they are doomed after the first long string of losing trades.
7. Blindly following a guru that leads them down the road of destruction.
8. They don’t do their homework.
9. They trade opinions not robust systems.
10. They go looking for ‘trades’ instead of a methodology.
11. They have no trading plan.
12. They attempt to piggy back on the trades another trader but don’t understand the risks.
13. Most new traders quit when they realized how much work is involved in trading successfully.
14. Most traders quit when they learn how many losing trades they will have to have to get to the winners.
15. New traders quit if they do not have a passion for trading itself.
16. Many new traders will give up the moment they realize that trading does not have guaranteed income, you are an entrepreneur.
17. They are not willing to pay the tuition to learn to trade in time, study, and losing trades.
18. They are crushed by the learning curve that they do not work hard enough to get through.
19. We lose a lot of new traders when they realize that trading is actually harder than their job.
20. The traders that don’t make it quit when they were tired, frustrated, and stressed out, the winning traders quit after they had figured trading out.