Protecting Profits
Different SMAs. Now that we are sitting on profits people are starting to think about how to protect them. Our golden cross came in mid-May, and we got in around $590. SPY is now trading around $645, a 9% increase, which means that at a 50% strike ($323) you would have an 18% increase, more […]
Darvas Boxes
What’s a Darvas Box? I have had a few queries about Darvas boxes and since I didn’t mention them in my books, I probably should explain what they are and how they are used. Firstly, let’s look at Nicholas Darvas and how he ‘invented’ them. It’s a fascinating story. Who was Nicholas Darvas? Nicolas Darvas […]
YOLO Trading
YOLO Trading Strategy. Travelling through different countries, observing the different national characteristics, started me thinking: Do different countries use different trading strategies? And if so, how do they compare with each other? Trading in Australia Actually, no-one ‘trades’ in Australia – it’s a dirty word. They are all ‘Investors’. From my observations, there are 2 […]
Making Millions
How to Make Millions Most traders lose money, with studies consistently showing that over 90% of retail traders fail within the first two years. Only 0.5% of day traders consistently earn more than a bank teller’s salary. The high failure rate is typically due to emotional decision-making, and lack of a proven strategy. Not great […]