Buy the Rumor, Sell the News

The adage “buy the rumor and sell the news” is a popular one with traders. This phrase is a great illustration of some of the difficulties that traders have with news reports on individual stocks. There is a tendency to overemphasize what traders don’t know (rumors) versus what they do know (news). [VIDEO] Buy the … Continued

Determining Expectancy in Your Trading

Traders need to have a solid and realistic understanding of what they expect in the future, and specifically what returns they expect to produce in terms of profits. I ask traders all the time what kind of returns or draw-downs they are expecting in their account and a surprising number say they have no idea … Continued