$SPY ran into resistance Friday, May 22nd and reversed. $SPY spent all last week under, or being rejected at the key secondary resistance level of $212.70. Near term support is at $210.75, but it’s soft and has been penetrated easily. The next level of support is the 50 day SMA. The RSI at 49.91 shows […]
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Busting 5 Price Action Trading Myths Stock Market Bulls At Critical Juncture; Watch VIX Volatility Index Why should traders/investors STUDY “peak performers” in other fields? (video) Apple (AAPL) Doesn’t Fall Far From The NASDAQ Tree Drawdown Diagnosis: Understanding Why You Are Losing Money #AdviceForYoungTraders has gone viral on Twitter
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People arrested as part of the DOJ's crackdown on "criminal" US banks: 0 People arrested as part of the DOJ's crackdown on FIFA: 14 — zerohedge (@zerohedge) May 28, 2015 Become an algorithm. #adviceforyoungtraders — Downtown Josh Brown (@ReformedBroker) May 29, 2015 Six things happy people (and traders) never do, via @chessNwine http://t.co/sm4rADbDLj pic.twitter.com/cKhF3sdfJs — Downtown
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Market Wizard Linda Raschke’s 12 Technical Trading Rules Buy the first pullback after a new high. Sell the first rally after a new low. Afternoon strength or weakness should have follow through the next day. The best trading reversals occur in the morning, not the afternoon. The larger the market gaps, the greater the odds
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Here are five trading books currently free on Amazon Kindle: Everything You Need to Know About Trading: Tools, Strategies, Automation and More Stock Investing Successfully for Beginners How To Invest: Simple Strategies To Grow Your Stocks, ETF’s, and Futures Stock Trading: Tips for Trading Stocks – From Stock Trading For Beginners To Stock Trading
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As a Pro student of New Trader 101, and dedicated weekly participant in the live forums that I host, Fred has picked up some tips and tricks that led him to this (if I do say so myself) great trade. 1. On May 7th, $BABA broke
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$SPY’s new resistance is at the all time highs of $213.75. The price level support is at $212.50, a close below this level is one sign of the start of a reversal. The near term key moving average support is at the 5 day ema, which shows that we have momentum. We have not closed
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New Trader U and the New Trader 101 eCourse have gotten some major updates in the last week! We are excited to announce the new learning management system at New Trader U. New Trader 101, and all of our upcoming classes, are utilizing this new LMS. This system provides easier navigation, the ability to mark
What’s New at New Trader U? 5-25-15 Read More »
Here are 5 of my past blog posts to get your trading up and running in minutes: 10 Great Technical Trading Rules Moving Average Answer Key 30 Of The World’s Best Trading Rules Be a Trader not a Gambler 40 Best Things Ed Seykota Ever Said
Why Do You Trade? Who Loses The Most In Trading? Adam Grimes: You Wanna Be Right, Or Make Money? Randomness and Returns: A Market Lesson From Peter L. Brandt #1 Thing Critical to a Trader ‘s Success What Can We Learn From Expert Gamblers?: Dylan Evans at TEDx
My Favorite Trading Articles – 5/23/15 Read More »
What happened to the guy with the $80 price target on $NLFX? I’m sure his wife left him by now. — Joseph Fahmy (@jfahmy) May 21, 2015 I’m not on Twitter to feed you every detail you must develop own Risks/Parameters etc. everybody has a different economic situation so- — DK1 (@canuck2usa) May 22, 2015
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Just like in the movie “Money Ball” where they quantified what was the most important factor that lead to wins in baseball games, I have also tried to help new traders cut through all the noise, and focus on what really matters. The quantification and capture of trends for profits in the time frame you
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Here are 10 websites that I visit almost everyday for their value, information, and charts: StockCharts.com My favorite place for clean candlestick charts in real-time. I have a subscription that enables me to organize and save my charts. TrendFollowing.com All the information you ever wanted for trend-following trading. Tradeciety Interesting, informative, and educational blog posts.
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Are you ready to trade? Do you have a quantified trading system of entries and exits? Have you found a way to capture trends in your time frame by studying historical price action? Have you backtested your system adequately? Do you know what the possible odds are for your trade setups based on historical price
10 Signs You Are Ready to Trade Read More »
People measure success in many different ways. Some people measure it in money, Possessions, careers, love, power, security, or fame. I measure success by how happy I am. Freedom makes me happy, and so do my friends and family. I love learning new things and doing things I am passionate about. In life, we
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Chart Courtesy of StockCharts.com 2015 has been the year of tight price consolidation. $SPY is up 3.36% year to date, making it difficult for index traders to trade the tight range. Dips are not deep enough, and momentum signals have not worked as strength has been sold. $SPY was able to finally clear an
10 Fast Facts About the Market: $SPY 5/17/15 Read More »
4 Reasons Apple’s Stock Is Ready For A Big Move How random probability theory can make the difference between losing and winning with the same exact trading plan These 4 Questions Will Keep You From Making Trading Mistakes Turning Your Defeats Into Your Development Five steps to trading discipline (and why you should
5 Great Trading Articles: 5/16/15 Read More »
RIP BB KING RIP PAUL WALKER RIP NELSON MANDELA RIP OL’ DIRTY BASTARD RIP TUPAC RIP BIG RIP RADIO SHACK RIP QUIZNOS — Wu-Tang Financial (@Wu_Tang_Finance) May 15, 2015 Hotel California is basically a negative Yelp review with a two minute guitar solo. — Rob Fee (@robfee) April 11, 2015 “Successful investing means having
Top Trading Tweets of the Week: 5/15/15 Read More »
With so many people on Twitter looking for a trading book or book recommendations by @canuck2usa, I have decided to compile a list of his tweet recommendations. I have read many of these myself, and they are truly some of the best. These are a great mixture of Elliott Wave, options, momentum trading, psychology, risk management,
DK1 @canuck2USA Says Read These Books Read More »
What makes traders risk it all? I think this is something built in, something very primal, very ancient. Men generally risk it all because we have little patience. We are the hunters, the breadwinners, and the providers. If we aren’t willing to risk our lives
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