Author Andreas Clenow has done an outstanding job writing a landmark book for readers interested in systematic trend following of futures. He gives basic systematic trend following strategies with entry and exit parameters, position sizing, and shows the watch list for futures markets needed for proper diversification. He explains systems based on breakouts and moving […]
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$SPY $DIA and $IWM stay trapped under their 200 day moving averages. The daily RSI will be near overbought if they are able to breakout over their 200 days because of the speed of the rally off the bottom. The FANG group of leading stocks all have toppy charts here being rejected near overbought levels.
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Here are the ten steps that show you have moved from a newbie trader to trading more like a professional: You take you stop losses with little stress or emotional turmoil. This is a sign you are trading with the right position size and accepted losses as part of doing business. You have stopped taking
A Traders 10 Steps from Amateur to Pro Read More »
With $SPY down -1.1% year to date, 2015 continues to be a flat year. I don’t understand the continuous perma-bull celebrations on the rally to nowhere. Perma-bulls and buy and hold investors have likely made few returns this year. The 70 RSI is the near term overbought resistance on the $SPY chart. The 200 day
The Last $SPY Resistance Levels 10/18/15 Read More »
Here’s Why Trading Stocks Is So Hard 7 Lessons I Learned from 7 Years of Trading PTJ on being on the right side of the trend What Traders Can Learn From A Professional Gambler About Managing Emotions Bulls vs Bears: Will Short Interest Be The Deciding
5 Great Trading Articles 10/17/15 Read More »
Year-to-date: $121 billion out of stock mutual funds $125 billion into stock ETFs http://t.co/8T4zUno2xO pic.twitter.com/7pCxWVoNNZ — Downtown Josh Brown (@ReformedBroker) October 16, 2015 Oh no. That’s it. The scary monster pattern is forming: http://t.co/XRdZAHXqDp $SPY $SPX pic.twitter.com/ezV08XkoS7 — StockTwits (@StockTwits) October 16, 2015 The year-to-date performance of Amazon vs. Walmart $AMZN +75% $WMT -28% CHART:
Trading Tweets of the Week 10/16/15 Read More »
With the increase in volatility and faster price action in the markets caused by the volume and speed of high frequency traders there are ways to adapt our trading to stay out of much of the randomness and chaos caused by these new market participants. Here are some things I have started to do more
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There is a big difference between trading up trending markets versus range bound markets. Different signals are profitable in different markets. In up trending markets you can buy high and sell higher profitably, in range bound markets you are rewarded for buying weakness near support and selling near resistance. In up trends a price gap
Up Trend Signals Vs Range Bound Signals Read More »
“The secret to being successful from a trading perspective is to have an indefatigable and an undying and unquenchable thirst for information and knowledge.” “Intellectual capital will always trump financial capital.” “Every day I assume every position I have is wrong.” “Losers average losers.” “You adapt, evolve, compete or die.” “Trading is very competitive and
12 Best Things Paul Tudor Jones Ever Said Read More »
$SPY has closed above the 5 day EMA for six straight trading days indicating a strong short term uptrend and momentum. This could provide short term support. Bullish 5 day / 50 day EMA crossover. Bullish MACD indicating momentum. Five straight days of higher highs and higher lows. $QQQ already over the 200 day and
10 Facts About the $SPY Chart 10/11/15 Read More »
The Real Reason We Trade Emotionally Entering the Market – It’s Not As Important As You Think The Holy Grail of Making Money: Compound interest Markets Change, Good Traders Adapt Warren Buffett Investing Library
Top Trading Articles of the Week 10/10/15 Read More »
Top Trading Tweets of the Week 10/9/15[/caption investors (pictured below) react to the Fed minutes pic.twitter.com/WP2JxCiWkD — StockCats (@StockCats) October 8, 2015 "the market can stay overbought longer than I can remain sober" – old Wall St. saying — StockCats (@StockCats) October 9, 2015 One thing that made me successful is the ability to realize
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Here are the ten key things I have learned that have allowed me to make money in the markets, and some of the characteristics of the best traders I know. The ability to buy pullbacks in uptrends. Buying at the right pullback levels while everyone else is afraid is typically profitable. Selling strength short at
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Guest Post by Yvan Byeajee What makes a good trader? This is a question that has undoubtedly been on every trader’s mind at some point. It has definitely been on my mind for quite some time. We all know that a good trader is an excellent risk manager. We know that he also trades a
Good Trader, Bad Trader Read More »
Here are seven simple ways to move into the top 10% of traders that are profitable long term. 90% of traders do not do these seven things, you can start to do them tomorrow with the right homework and diligence. Profitable traders are trading a winning system based on buy signals and sell signals that
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With the stock market bouncing off the lows for a second time, price is now back to key moving average resistance levels in all major indexes. If we can close over these key resistance levels, then the uptrend to new all time highs is back in play. The $INDU $QQQ and $SPY short term resistance
The 3 Key Resistance Levels $SPY $INDU $QQQ Read More »
$SPY had a Bullish engulfing candlestick reversal Friday. Generally, the larger the white candlestick and the greater the engulfing, the more bullish the reversal. $SPY had a bullish MACD crossover Friday. $SPY closed above the 5 day EMA and traded for three days above it’s 5 day EMA. $SPY is at the top of a
10 Bullish Chart Facts on $SPY Read More »
The good news is that 142,000 people got jobs in September. The bad news is they’re all Draft Kings. — Downtown Josh Brown (@ReformedBroker) October 2, 2015 OK, everyone trot out your pet reason for why the Dow reversed 350 points today. I’ll print the t-shirts. — Downtown Josh Brown (@ReformedBroker) October 2, 2015 The
Top Trading Tweets of the Week 10/2/15 Read More »
$IWM has closed lower than the previous day 9 out of the last 10 days. This is bearish. Wednesday’s rally was rejected Thursday. This is bearish. The MACD is under a big bearish cross. $IWM did have a reversal candle today, but it failed to close over yesterday’s high of day. $IWM is down -8.9%
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