This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. Just a quick blog post today, the sole purpose of this post is to try and save you some time if you’re currently pursuing a trading career and struggling with it, in an effort to get you to […]
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The $SPY chart is in an established uptrend with a fresh breakout Friday to new all time highs. $SPY is above all key moving averages 10 day, 50 day, and 200 day. Which remains bullish long term. Currently all dips are being bought quickly. Slow Stochastics is under a bullish cross. ATR has stopped declining
Bulls in Slow Motion: $SPY Chart 8/7/16 Read More »
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If your financial advisor has really strong viewpoints about the Bank of Japan every day, you’re probably not going to retire. ¯\_(ツ)_/¯ — Downtown Josh Brown (@ReformedBroker) August 4, 2016 $TWTR #ER never happened fyi — DK1 (@canuck2usa) August 5, 2016 A defining characteristic of a successful trader is the ability to look inward when
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This is a Guest Post by Alex @MacroOps which was originally posted at Spread Thin — How The Fed Manipulates Financial Spreads “The Fed is manipulating markets…” “Central Banks are destroying capitalism…” “Yellen has distorted true price discov… yada-yada-yada” We’ve all heard the constant chorus of central bank bashing. The ridicule comes from a diverse crowd,
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This is a Trend Following Guest Post by Michael Melissinos Originally Posted on his Blog. Trend Followers don’t shy away from losses. Losses provide valuable feedback that helps them improve as traders. Sometimes, losses occur despite solid strategies and perfect execution. Such is life when participating in markets. Some trend followers break down, change their approach and
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$SPY has settled into a trading range with $217.50 as resistance and $215.50 as support for the past 12 trading days. The market is in a long term uptrend as new all time highs continue to be broken. The intermediate term risk/reward ratio favors a pullback to $215.50 before higher prices are made. Secondary support
The Range Bound $SPY Chart 7/31/16 Read More »
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I don't mind being wrong one bit but not having patience makes me crazy #PatiencePays — DK1 (@canuck2usa) July 28, 2016 This is the 4th consecutive quarter where $TWTR reports and drops double-digits the next day. — Downtown Josh Brown (@ReformedBroker) July 27, 2016 This is the top! (ht @ReformedBroker) pic.twitter.com/KI96kyWYFw — Brattle St. Capital
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This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. Some Key Realizations that Foster Profitability In Trading I lost money for about a year straight once I committed to day trading as a full time profession about 3 years ago. Literally a year straight. About 14 months
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This is a Guest Post by Dante Vincent you can find him on Twitter @DGTrading101. His website is dgtrading101.blogspot.com. This post today is for anyone who trades on a daily basis. Perfectionism & how it relates to a day trader. I got this idea from one of my traders last week. It was from a guy whom
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Is Old School More Modern than New School? The following is a Guest Post By Michael Melissinos Originally posted April 18, 2016 on his Blog Jason Fried, founder of 37 Signals and Basecamp, wrote a Medium article about this topic — comparing two machines — his timeless wristwatch and his can-do-anything cell phone. A wristwatch, made with gears, springs and
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This is a Trend Following Guest Post by Michael Melissinos Originally Posted April 19, 2016 on his Blog We can approach the markets many different ways. In this article, I’d like to illuminate the trouble with holding onto our investments too tight — that is, not giving them the necessary rope to fluctuate and evolve into a big trend.
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$SPY has held its all time high break out so this chart remains bullish long term. Short term $SPY is due for a pullback, the 10 day EMA is one high probability pullback area. $SPY has been in a tight $217.37 resistance and $216 support trading range for seven trading days. The MACD bullish cross is still in place.
Boring Bullish Spy Chart 7/24/16 Read More »
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My Favorite Trading Articles: Week 7/23/16 Read More »
This is the top! (ht @ReformedBroker) pic.twitter.com/KI96kyWYFw — Brattle St. Capital (@BrattleStCap) July 22, 2016 "fear grips Wall Street as the S&P 500 plunges half-a-percent to levels not seen since last Friday" — StockCats (@StockCats) July 21, 2016 stocks are decoupling from:1) oil2) interest rates3) the Dollar4) reality — StockCats (@StockCats) July 20, 2016 This
Top Trading Tweets of the Week: 7/22/16 Read More »
I had a recent poll online where I asked traders: “What is the most important element for profitability in your trading?” They had four options. Was it entries? No, entries are not were money is made, it is in the exit with profits (13% votes). So exits are the most crucial? No, size of wins
The Most Important Element of Trading Read More »
Stop breaking your trading rules. Discipline is an edge. Stop trading such big position sizes. Risk management and self control is an edge. Stop trying to predict what will happen next and learn how to react to what is happening. Stop worrying about other’s trades and trade your own system. Stop thinking every dip will
A Stop List for Traders Read More »
Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. The reason for stop losses is to limit your losses when you are wrong so you cap your risk. Capping your risk makes it easier
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$SPY is currently breaking out of a range into a new long term uptrend. Markets do not go straight up so look for a trading range to develop here before another strong up leg for price to new all time highs. It is possible we spend next week under this all time high. 65.21 RSI
Short Term Top Near? $SPY Chart 7/17/16 Read More »