About

Hello fellow trader.  My name is *Kos* better known as TraderKos or Aufaittrader on twitter.com.  I came from a family with trading background but did not begin trading until I retired from mortgage banking eight years ago.  No.  No subprime or commerical loans so let’s please not go there.  Simply put my blog is geared to assist the new investor navigate the market, show you a few things you won’t see on TV, get a hold of the basics of trading and teach you to trade with low risk entries to preserve your hard earned capital.  Access to the site is free.  The opinions and trading ideas are free and of course come with no guarantee stated or implied but that being said, realize I have no motivation to lead you astray.   I trade each day, research seven days a week and I’m here if you have any questions whatsoever.  What you’ll find inside:

 Trades themselves will almost always be for $1.00 or more on a move and last anywhere from one day to 2-3 months.  The amount of capital used and # of shares purchased is up to the individual.   I simply don’t believe in making my broker rich off .20 cent gains nor do I have the patience to sit and watch a computer screen [day trading] while I wait for a stock to move mere pennies before I hit the sell button. Day traders experience a huge failure rate due to high risk and low knowledge base.  I see people do this every day and all I can do is shake my head.  

• I will post a few of my trades explaining the setup, my entry area, dollar risk, time horizon and potential target.  I do not have *subs* or followers therefore I will not be emailing you to move up your stops or take profits.  The ideas are free.  I myself enjoy my research time and if I ever change my mind and decide to take on subscribers, it will be posted as such.   
• I trade stocks and occasional commodity futures; not options, currencies or bonds. Risks involved there are much higher than I care to take. With 15,000 stocks out there, there’s plenty to choose from.
• Explain the basic correlation between the Euro, USD, CAD, AUD and our market because if you want to know where the market is headed, you must understand what’s moving it.
• Point out various common trading setups & candlestick patterns
• Turn you on to some invaluable websites, many of which will assist you in your trading
• Educate.  I’ll post charts explaining different ways to use indicators, overlays, retracements, etc. from a layman’s point of view.  When I began trading it felt as though everything was written in a different language which made it very difficult to get things right.  Again, I’m no *Guru* but will draw from my experience and what I’ve learned and explain it in *our terms*the trip.

Some traders are momentum traders.  Wait for a trend to become established then jump on.  Others are Contrarian traders who scale in gradually or dollar cost average.  I’d say I’m 40/60.  40% momentum with an exact entry/exit point and 60% contrarian, scaling into a position.  We are currently in a very volatile market with extreme swings.  I feel given that volatility, scaling in works more to my advantage.

I’m on the web 12-18 hours per day so shoot me a question HERE, at stocktwits.com or stockpickr.com (General Discussion Forum).  I’m always happy to help or refer to you someone who may have the answer. 

Lastly, something I continually try to emphasize:  THE MARKET WILL DO EVERYTHING IT CAN WITHIN IT’S POWER TO DO EXACTLY WHAT YOU DON’T  EXPECT.   In essence you’re trading against billion dollar investment firms and hedge funds armed with computers and algorithm programs so papertrade as long as you can and research, research, research.  Memorize that phrase above; wrap your head around it.  Write it down and tape it to your monitor.  *Thaaaat* is the stock market.  Welcome.  Just call me *Kos*.  Best of Luck-