About

I began trading in 1998 following the advice of someone I thought was a trustworthy mentor. The core component of his system was that good news makes stock prices go up. There was nothing taught about stop losses or money management. In spite of the bull market, I lost money and eventually received a margin call.

I then studied and experimented with candlestick patterns, Fibonacci Retracements, Bollinger Bands, Stochastics, MACD, RSI, various moving averages, and an assortment of proprietary indicators that I had purchased from vendors at the Las Vegas Trader’s expo.

Unfortunately, I didn’t learn how to short stocks until the bear market was well under way and lost even more money. It wasn’t until I learned how to manage risk, did my trading begin to turn around. My chart analysis also evolved to the point where I gradually eliminated the use of most indicators. Price became the heart of my analysis.

My still evolving trading method was further enhanced and perfected through the guidance of a few top notch traders. This final phase was vital, because it gave me confidence to trade in any market environment.

Fundamental news releases still play a part in my trading plan to the extent that they provide a catalyst for price movement. But price is king. It is as close to the truth I have been able to get in my trading. This blog is dedicated to that truth.