The 5 day ema has provided end of day support for 18 trading days. The 10 day sma has provided support for 19 trading days. 8 days ago $BABA broke out above all time highs and never retraced. For the past 5 trading days $BABA has been in as $119.45 resistance / $106.48 price […]
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This is a guest post by Brian C. @TraderVancouver on Twitter and Stock Twits. Brian blogs at www.TraderVancouver.com “Victorious warriors win first and then go to war, while defeated warriors go to war and then seek to win.” ~Sun Tzu Newer traders like to focus on the trade set-up, the entry point. They’re
The Unstoppable Trader Read More »
I first read the original version of this book over eight years ago, and it was the book that finally gave me the overall structure I needed to understand all the dynamics of trading. I have read hundreds of trading books, and this one still stands head and shoulders above the rest. It explains
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The long term and short term up trends are both currently in place with signs of slowing. $IWM and $QQQ index ETFs both spent last week forming a new high price base range that is bullish. The risk/reward ratio is shifting against the bulls after this fast run so far from the ‘V’
10 Fast Facts About the $SPY Chart Read More »
Following the Path of Least Resistance Richard Rhodes’ Trading Rules Thirty Second Course on Asset Allocation There Are 8 Indispensable Elements of Real Wealth and 7 Aren’t Money The Contrarian (Sociopathic) Mindset
5 Great Trading Articles 11/8/14 Read More »
@SJosephBurns the inches between your ears — John (@john_turnipseed) November 6, 2014 @SJosephBurns @ChrisGrobbel @RobInTheBlack It’s called the SAMPAP pattern: Screw As Many People As Possible — Northy (@NorthmanTrader) November 5, 2014 Pretend your entire portfolio was oil stocks for the last month, that’s what 2008 felt like — D Robertson (@IncomeTrader) November 4, 2014
Trading Tweets of the Week 11/7/14 Read More »
Blessed are the humble traders, for they will cut their losses. Blessed are those who hate to lose capital, for they will be not become too greedy. Blessed are the disciplined traders, for they will be profitable. Blessed are those who hunger and thirst for trading knowledge, for they will learn what really
The Beatitudes For Traders Read More »
1. Nothing new ever occurs in the business of speculating or investing in securities and commodities. 2. Money cannot consistently be made trading every day or every week during the year. 3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion. 4. Markets are never
Jesse Livermore’s 21 Trading Rules Read More »
I entered $TQQQ at $83.13 based on the $QQQ chart as it broke above the 50 day sma. This has been a profitable buy signal over the past 4 years. My stop was a close below the 50 day sma. With the first gap and go I moved my stop to a close below
My Simple and Effective $TQQQ Trade Read More »
