Here are a dozen dumb things new traders have to learn to stop doing if they want to be a profitable trader. Being a stubborn bear in a bull market leaves you losing money selling short while simply buying and holding will make you money. Being a stubborn bull in a bear market cost money […]
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When completing a backtest in a market it is crucial to understand ten dynamics to see if the system is viable for trading live with real money. While backtesting can’t ensure that you will make money going forward using backtested parameters and signals a backtest can tell you what did not work and the past
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The following is a Guest Post from Operator Kean via Macro-Ops.com, a member of the Macro Ops Collective. To contact Kean, visit his website here. One of the things that makes George Soros a market legend is his uncanny ability to identify lucrative trading opportunities. Let’s take a look at how he does it. (I) Look
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$SPY remains in a strong up trend and pressing new all time highs in price. $SPY is above all moving averages. $SPY is under a bullish MACD crossover. The 66.61 RSI does not leave much room for upside without being overbought. Odds are next week will be a consolidation in $SPY as tech reports earnings.
10 Fast $SPY Chart Facts: 7/23/17 Read More »
This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. I’m sure every trader on their journey has experienced the novelty of Revengeful Trading. Firstly, what is Revengeful Trading? As with anything in life, if something belongs to you and it’s taken away from you, you then
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NEWSFLASH: The top ten stocks ALWAYS make up 20% of the S&P 500. Get over the FANG meme. via @awealthofcs https://t.co/9v97WKWhgq pic.twitter.com/yv2xmDruEp — Downtown Josh Brown (@ReformedBroker) July 21, 2017 Short interest against the $SPY just fell to the lowest level since May 2013 (we had the Taper Tantrum right after)https://t.co/uPDl4emm6j — Downtown Josh Brown
Top Tweets of the Week: 7/21/17 Read More »
Before you can trade you must first have a trading plan. A trading plan is written while the market is closed to tell you what to do when the market is open. A trading plan tells you how to specifically execute your trading system in real time with real money. A trading plan forces discipline
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This is a guest post by Antoine from bitemycoin.com The Difference Between Investing and Trading Bitcoin Each time the Bitcoin bubble creates a hype that puts Bitcoin at the front pages of news, the media becomes more interested, the price keeps on rising and investors become millionaires. That is until the bubble crashes and the
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This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. So you have your methodology, you have studied it, back tested it. You know what scenarios need to be in play for you to make that perfect entry and make pips. <img src=”https://static1.squarespace.com/static/59429a393a04111ae98a4617/t/59696802db29d6afc4a77bec/1500080213699/skulls.jpg” alt=”We Still Have
Mistakes Trying the Perfect Entry In Forex Read More »
This is a GUEST POST by Steve LeMoine and was originally posted at JackRabbitTrader.com and is reposted here with permission. Throughout a trading career there are always going to be a series of obstacles in your path to profitability. Most of them can be overcome with a little practice but one that always gave me
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The most bullish signal is all time highs. A these levels only profit taking provides resistance as stop losses and trailing stops are not triggered. $SPY remains in an up trend as price remains above all moving averages. The 50 day SMA held as support last week. SPY is under a bullish MACD cross over.
10 Fast $SPY Chart Facts: 7/16/17 Read More »
This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. Oil tycoons shaped the way business is done. And, they still do. From the famous Rockefeller and his Standard Oil company to the current, modern oil conglomerates – the world’s balance of power changes
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Buy and hold is the mutual fund companies Holy Grail of making money in the stock market not the investor’s. Buy and hold investing is a strategy where every day is a buy signal no matter what; there is not a real exit strategy after you buy, and you take all the risk while your
Buy and Hope Is Not a Strategy Read More »
In the stock market only a few stocks make up the majority of long term stock market gains. You can get a lot of alpha by being in the right names during their up trends. Here are the 10 things to look for to find the stocks that can grow dramatically in price over long
Top 10 Things to Look for in a Stock Read More »
Only 14 stocks have created 20% percent of all stock market wealth since 1924. These are companies that dominated entire industries: communication, automobiles, software, retail, drinks, oil, and consumer products. They owned their niche if not an entire sector. These are the stocks that grew in size, stayed up to date with technology, had a
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This is a guest post by Andrew Bezen. Elliott Waves theory is considered to be one of the trading theories that perfectly illustrates human behavior. The market is moving based on imbalances between supply and demand levels. Unfortunately, these levels cannot be seen when trading the Forex market. There is a reason for that: the
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This is a guest post from Tino @tradersreality. This article originally appeared on tradersreality.com and is reposted here with permission. Consistency is the one skill that every aspiring trader desires to achieve. It is also the most difficult to master. However, with the correct tools and knowledge, anyone can enter the arena of trading and succeed.
How @TradersReality Became Consistent In Forex Read More »
The long term up trend is still in place for $SPY. $SPY has been going sideways inside a trading range since the beginning of June after the break out over $240 resistance. Resistance in this range is all time highs at $245 and support is at $240. A neutral RSI at 51.40 gives $SPY room
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In trading your belief system will determine whether you win or lose over the long term. The trading method you choose to pursue for profits is really determined by your beliefs about the market and how it works. Choose your beliefs carefully because how you think the market works will play the key role in your
What is your Trading Religion? Read More »
Here is an example of a simple long term profitable trend following system for the $SPY ETF. This is really best compared with buy and hold investing and presents a simple alternate that creates more returns that buy and hold investing and cuts the draw down in capital by over half. It keeps you in
$SPY Golden Crossover Back Test Read More »