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The 90-90-90 Rule of Trading is a harsh reality check, especially for new traders. It simply states that 90% of traders will lose 90% of their capital within 90 days. This pill can be hard to swallow, especially when we make it seem so easy, often times saying as much. Statistics highlight how many new […]
An attitude of gratitude actually takes you far in this business. I do not know how it works, but I found that when I stop and appreciate the many little things in life I am afforded, oddly enough, more good things happen. It all sounds so ideological, but it works. Every morning when I get […]
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Here is a problem looking for a place to happen. Your friends see your success on the stock market. You teach them a thing or two and then they figure they can do it just as easily. Unfortunately, they have little money and proceed to ask you for a loan to help get them started. […]
“Synergy:” how two or more parts’ combined effort produce results greater than the sum of their individual effects. Another common definition is “one plus one equals three.” We at DayTradeSPY have a slightly different phrase: “when our indicators unite, our trades ignite!” No truer words have been spoken! Last week, I talked about the interaction […]
The “two brains — right and left” concept refers to the two cerebral hemispheres of the human brain. Popular notion dictates that the brain consists of the right hemisphere, which controls the creative and imaginative functions, including spatial awareness, musical skills, motor control on the left side of the body and emotional context. The left […]
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