Okay day traders, today I’m starting a new series of 10 articles covering the top 10 mistakes I find people making when day trading and losing money. Many of the mistakes of stock market, futures and forex day trading have to do with trading psychology.

These are in no particular order, so we’ll start with …


Some traders are under the assumption that their trading strategy (whatever it is) should be able to get them into every major move of the market. That’s a false assumption that will lead to disastrous trading results such as:

  • Reverse engineering every big move in the market to see what indicators, etc.,  would have helped them catch that particular move.
  • Change trading methods continuously.
  • Causing a trader to think there’s something wrong with them.
  • Jumping into a trade that has “left the station” without you just because the market is making a big move (but not entering based on your proven trading rules).
  • Assuming that there is some magical trading strategy that will help you catch every move the market makes.

Successful trading is all about having a methodology that provides a high probability scenario when the rules of the method are met.

Not all big market moves are preceded by a high probability situation or setup. In such cases it’s important to manage your thoughts and emotions and allow the market to make it’s moves, even the big ones, without you.

Successful trading is done by “making the market come to you.”

That means sticking to a proven, time-tested trading methodology that when certain rules are met, the probability of a profitable trade is on your side.

You wait until those rules are met. When they are met, you take a trade. When they aren’t met, you stay on the sidelines and simply watch as the market makes its gyrations up, down and sideways … maintaining an emotionally detached attitude.

Never chase the market … make the market come to you.

Top Dog Trading
1534 N. Moorpark Rd Thousand OaksCA91360 USA 
 • 866-878-9209


Happy Holidays!

In the spirit of the holidays, I’m sharing with you a day trading technique used to help determine the overall picture of the stock market. It especially lends itself well to

The practical application of the technique is to help us decide how long we want to stay in a day trade – whether we expect short moves (and should take profits quickly), or we should expect long moves (and let our profits run).

This is just one technique I use in deciding the overall picture of the stock market for the day. For more techniques on determining the overall picture of the market for the day, see these Special Reports:




Stock Market for investing in the year 2013.

In this video we ask what type of market we expect for the coming year in the stock market.

Will it be a bullish year?

Will it be a bearish year?

Will it be a frustrating neutral year that goes no where?

We look at charts, a poll of traders and a trusted cycle for clues.

For the poll referenced in the video, go to: www.facebook.com/TopDogTrading

I invite you to watch the video and post your own comments below.


Is Stock Market Trading knowledge now required to make money or can one still just rely on buying stocks in a trend trading investing environment over the long term?

Stock Market Award A quick comment before we get to today’s topic about Stock Market Trading vs. Investing and whether one can simply succeed by buying stocks and rely on the upward trend trading bias of the stock market

I want to thank everyone who voted for Top Dog Trading in the TASC Readers Choice Awards. This is an annual awards poll conducted by “Technical Analysis of Stocks and Commodities Magazine” (great magazine I personally subscribe to and recommend). Awards are chosen by the readers themselves – meaning the users of the products and services.

Generally it’s huge stock market trading companies and corporations with mega- marketing budgets that win these awards. But I’m honored and humbled to say that I was graced with awards in both categories for which I qualified:

  • First runner up in the “Technical Analysis Websites” category.
  • Finalist in the “Trading Centers, Schools, Training” category.

To be given such high positions along with, and even above, massive stock market trading companies is quite an honor and I thank all of you who voted for me.


It used to be presented as common wisdom that most people should not try to time buying stocks, but rather depend on the overall upward bias of stock market trading over the years, rely on the upward trend trading historical pattern, and perhaps even dollar cost average into the market over the long term.

In recent years many people are now questioning that “common wisdom.”

We’ll examine some of those concerns in this brief video. While it certainly won’t answer all questions about stock market trading or when one should be buying stocks, it will demonstrate why the old principles of investing are being called into question by many stock traders, both amateurs and professionals, today.

Thanks for participating in this discussion and please leave your comments below.