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Archive for the ‘Philosophy’ Category

Online Trading and Overnight Positions

December 3rd, 2008 - by Noah Hochman , Posted in Philosophy | 2 Comments »

Many people have asked me about my feelings on taking overnight positions and being a day trader. They are very surprised when I tell them that I can’t afford to have feelings when I trade. Instinct is one thing, but being emotional over a position is the kiss of death for me.  As a day [...]

Having Opinions…

November 26th, 2008 - by Noah Hochman , Posted in Philosophy | No Comments »

Having an opinion can be a very dangerous thing in the world of day trading, however having an educated opinion can be the difference between winning, and losing your wife’s trust fund! Its simple to start, if the market seems to be  moving higher, unless you have a very, very good reason to go short, [...]

Why Trade?

November 14th, 2008 - by Noah Hochman , Posted in Philosophy, Trading Lessons | 3 Comments »

So many people ask me why I trade! The easiest answer is because I love the feeling of winning. Each time I execute a trade I am competing against someone else who has money in his or her pocket, and I want it, just the same as they want mine. Just like in a football [...]

Its all in the planning!

November 11th, 2008 - by Noah Hochman , Posted in Philosophy | 1 Comment »

Have you ever heard the phrase “nobody’s perfect”? Well it has never been more true than in the day trading arena. You will rarely, if ever, pick the tops and the bottoms, and as such you need to make the moves that you do catch work well. It is for this reason that you also [...]

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