“Missing a trade is a much more serious error than making a bad trade. If you make a bad trade you have the [stop loss.] However, if you miss a good trade there is nowhere to turn. If you miss good trades with any regularity you’re finished.” @SJosephBurns https://t.co/j8gcbOj4mJ — Jerry Parker (@rjparkerjr09) January […]
Top 5 Trading Blog Posts: Week 1/6/17 Read More »
You’re never going to get rich renting out your time. — Naval (@naval) January 5, 2018 Do not chase breakouts. If you miss a breakout, just count it as a missed trade. Dogs that chase cars end up under the wheels. — Peter Brandt (@PeterLBrandt) January 2, 2018 Krugman 1997: “The Internet’s impact on the
Top Ten Trading Tweets: Week 1/5/18 Read More »
Here is a great interview with the linchpin of trend following Michael Covel interviewing the legend of trading Ed Seykota. Ed Seykota’s interview in Market Wizards had a pivotal impact on my trading and helped me with long term principles of profitability. I am glad that Michael Covel did these new interviews to expand on
Michael Covel Interview with Ed Seykota Read More »
Chart Facts: · A bull flag chart pattern occurs after an uptrend out of a previous price base. · The ‘pole’ is represented by the previous uptrend in price before a consolidation. · The ‘flag’ is a rectangular descending price range when the uptrend to new higher prices stops. · The signal of the end
Bull Flag Chart Pattern Explained Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. The type of mania we’re seeing in Bitcoin is reminiscent of the 99’ tech bubble. They’re similar in that we have a
The REAL Value Of Bitcoin: Blockchain Read More »
$SPY remains bullish as price is near all time highs put some warning signs for a pullback are starting to emerge. The 10 day SMA has acted as end of day support for 30 straight trading days. Closing below this line will be a danger signal for bulls. Friday’s down day was the highest volume
10 $SPY Chart Warning Signs: 1/1/2018 Read More »
Here are my most liked, shared, and popular blog posts of 2017. Thanks to all my readers for making it a great year! I look forward to more writing and sharing in 2018. Why Bitcoin Is A FAKE Currency A Guide to Trading with Stochastic Indicators 10,000 Hours of Trading Lessons From A Trading Great:
My Top 10 Blog Posts of 2017 Read More »
Crypto is a bet against the modern macroeconomic dogma, which is passed off as science, but is really a branch of politics – with rulers, winners, and losers. — Naval (@naval) December 24, 2017 Very unfortunate that a new generation of traders completely misunderstand charting. Charting does not provide predictions. Rather, it can: 1.)
Top 10 Trading Tweets: Week of 12/29/17 Read More »
Trading Rule #2: Your trading system must be built on quantifiable facts not opinions. Very few new traders take the step from trading opinions and predictions to trading actual price action and signals. Amateurs take trades based on feelings while professionals have fact based reasons. A signal is a quantifiable reason to take a trade
Trading Opinions Versus Facts Read More »
This is a Guest Post by Catherine Tims of the Bitcoin Exchange Guide. You’ve seen the writing on the wall – the newest, hottest, and most lucrative investment opportunity is here. It’s called “cryptocurrency,” and you want to know more. Of course, it would help if you knew exactly what cryptocurrency was in the first
ICO Basics for the New Crypto Investor Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Let’s talk about reflexivity… a theory made famous by George Soros! Soros is the legendary hedge fund manager who infamously made a
George Soros Reflexivity Theory 101 Read More »
$SPY remains bullish over all moving averages and within striking distance of all time highs. $SPY traded in $2 trading range last week with $266.69 as support and all time high resistance at $268.60. The 10 day SMA has provided end of the day support since November 16th. This is a sign of a very
10 Facts About the $SPY Chart: 12/25/17 Read More »
Twas the trader’s night before Christmas, when all through the markets Not a stock was volatile, except for the Crypto market which had quite a scare; While the stocks were all traded with care, In hopes that the Santa Claus Rally would soon be there; The traders were bullish all snug in their bets, While
A Trader’s Night Before Christmas Read More »
In any profession, 90% of people are clueless but work by situational imitation, narrow mimicry & semi-conscious role-playing. Except social “science” and journalism where it is 99% and 100%, respectively. — Nassim Nicholas Taleb (@nntaleb) December 17, 2017 Dad at Thanksgiving – “help me get Coinbase installed so I can buy this Bitcoin” Dad
Top Ten Trading Tweets: Week 12/23/17 Read More »
The talk of Bitcoin has spilled out of the cryptocurrency world and has taken over the Twitter finance community. Bitcoin memes and charts are the latest craze on social media, and I’m being asked about it daily by my family, friends, and neighbors. People that have never traded or invested are fascinated by Bitcoin, and
What the Hell is Bitcoin? Read More »
This is a Guest Post by Cahill Puil the founder of Byte Media Group. Cryptocurrencies have become an exciting prospect for the experienced investor and first-time trader alike. Experienced investors have been drawn in by the growing legitimacy and widespread adoption of bitcoin and altcoins. For first-time traders, the promise of making a fortune off
Trading Tips on The Cryptocurrency Market Read More »
This post is an excerpt from my best selling book “Trading Habits” and is rule #1 of 39. “Because they have no rules to follow, everything no-rules discretionary traders do is a mistake.” – Van Tharp A winning trading system must either be designed to have a large winning percentage of trades or big wins
Good Trading Habits Rule #1 Read More »
This has been shared many times in many forms online and I can not find the original source but it is a great analogy on how bubbles work as people buy things far above what they are worth until they run out of buyers at higher prices. It is the game of the greater fool.
Trading With The Greater Fool Theory Read More »
$SPY continues to make new all time highs. No more bullish signal than all time highs. The 10 day EMA has been the end of the day support since November 16th. This shows a market with momentum. The chart remains under a MACD bullish crossover. $SPY broke out to new highs in price with the
10 Facts about the $SPY Chart: 12/17/17 Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. This post is dedicated the those who experience changes in their life that can affect their day to day behavior. Specifically speaking, many may already have dependents or like me, awaiting the arrival of our first
How To Adapt To Surprises: When Trading Read More »