5 Great Trading Articles: Week 7/11/15
Buy Ahead Of Earnings Reports? Please Don’t 25 Powerful Trading Lessons From Jesse Livermore The 14 Stages of Trading Psychology
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Top Tweets of the Week: 7/10/15
Keep it real – got hit today cause the ⌚️ is $AAPL — Downtown Josh Brown (@ReformedBroker) July 9, 2015 Chinese QE is just the latest example of them stealing our intellectual property. — Downtown Josh Brown (@ReformedBroker) July 8, 2015 Greek debt/GDP currently at 175%. It will surge over 200% once Greece accepts bailout
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The 5 Websites I Frequent the Most
As traders, we have unlimited online distractions. I limit my time to five websites that are my go-to places for charts, news, learning, and connecting with other traders. I hang out most the day on Twitter. I enjoy the flow of information, seeing what other traders are doing, and reading interesting facts from all over the world.
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12 Reasons Why Trading is Worth It
Let’s face it. There are a lot of things you can do with your life, and most of them are easier than trading every day, especially in this market environment. But there are real advantages to devoting your time to the science of trading. If given the proper attention and nourishment, a trading career can
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The Ultimate $SPY Dip Buying Level
The highest probability oversold dip buying level to enter $SPY based on an oversold oscillator, is a reading of the 30 RSI on the daily chart. The highest probability dip
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10 Facts About the $SPY Chart: 7/5/15
$SPY continues to be range bound in 2015, with a .86% year to date return. In this market, buying dips and selling rips has been where the money is made. Buying weakness and selling strength. In range bound markets, horizontal trend lines are can be traded based on previous support and resistance, as seen in
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5 Great Trading Articles 7/4/15
Market Update: S&P 500 Technical Support Levels In Focus Jon Boorman’s Weekend Review and Watchlist The Real Logic And NatureStop Loss Orders Switching From Stocks to Bonds Based on a 200-day Moving Average Crossover In Trading Hindsight is 20/20
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My Favorite Tweets of the Week: 7/3/15
“Sorry the failed policies we forced on you shrunk your GDP by 27% and gutted your economy. Now please run a budget surplus.” GTFO — Downtown Josh Brown (@ReformedBroker) July 1, 2015 Greece is like a barber shop – everyone gets to talk all the sh*t they want but at the end of the day,
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Traders on Twitter I Learned The Most From
Here are 10 traders I learned from directly through their twitter presence. These traders helped me in my continuous journey as a trader. Dean Karrys @canuck2usa taught me that successful active trading on a shorter time frame is possible.
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5 Useful Screening Tools and Sites for Traders
Some of the most user friendly websites to find the stock or pattern you are looking for based on your own personal parameters: Finviz Incredible Charts Yahoo Finance Stock Screener Past Stat StockCharts.com
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Crude Oil Nearing Exhaustion: Guest Post
This is a Guest Post by Bob Loukas For an asset like Crude, which is normally extremely volatile, the current prolonged sideways range is very much out of character. Crude has us accustomed to daily swings of 2% to 3%, and to shorter term rallies/declines that draw in traders before reversing suddenly. Crude is generally
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Emotions Are Not Trading Signals
Traders hear the terms “buy fear and sell greed” over and over again. However, these sayings are meaningless outside the context of specific price action. Here is some context: Fear is not a buy signal. Fear can set up a dip buying signal with a good risk/reward ratio, or a short side trade out of
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10 Facts About the $SPY Chart 6/28/15
The long term resistance line held last week at $212.75. This is still a range bound stock market in 2015, with a 2.08% year-to-date return in $SPY. Many of the stock market sectors are no longer trending up, but are caught in the 30-50 RSI range. This is a warning of potential distribution, and the
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My 5 Favorite Trading Articles: Week 6/27/15
Riding Trends and Managing Risk – $AMBA The Psychology Behind Casinos And The Stock Market Trend Followers: A Potential Dilemma With Long-Term Moving Averages Q&A with Ben Carlson on A Wealth of Common Sense The Loneliness of the Short-Seller
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My Favorite Tweets of the Week: 6/26/15
Market makers be like… pic.twitter.com/jWkFWNBBhX — TradingMemes (@tradingmemes) June 26, 2015 Your trading plan smells fishy… cc: @TradingMemes http://t.co/TeET4kcsqf pic.twitter.com/FLdtYykDT0 — TradingMemes (@tradingmemes) June 26, 2015 Instagram game strong pic.twitter.com/ogMh5sUnYN — Wu-Tang Financial (@Wu_Tang_Finance) June 26, 2015 My generation’s Tinder was calling the girl’s home phone and hanging up when her dad answered. That took
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Review for Trading Options by Greg Harmon
Greg Harmon has written an informative book for those who are committed to learning the basics of the mechanics of trading. I liked his routine of weekend chart studies, and developing a trading plan based on price action, not his opinions or predictions. He shows readers
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Why Traders Do Dumb Things
Why do smart traders do dumb things? It is usually an issue with overwhelming emotions, and not intellect, when bad trades happen. Here are a few of the primary reasons that traders struggle. ~The biggest cause of trading a position size that is too big? It’s the greed of wanting the big win that makes
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7 Reasons to Never Give Up Trading
Early on, new traders will want to give up. Particularly when they figure out that the first few years are more about studying and paying tuition in losses, than in making money. Trading is a two-sided competition, and you have to be on the right side of the trade to make profits. Not only does
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4 Free Trading Books on Amazon Kindle 6/22/15
Here are four trading books that are currently free on Amazon Kindle: BULLSH*T FREE GUIDE TO IRON CONDORS Kindle Edition Options Trading Successfully for Beginners Stock Trading: Tips for Trading Stocks FOREX Trading Simplified: Beginner’s Step-by-Step Guide
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10 Fast Facts About the $SPY Chart: 6/21/15
$SPY ran into one of the key 2015 resistance levels at $211.55 Friday. The stock market is still range-bound, with a 2.56% $SPY return in 2015. For the last two months, the dip buying zone has been $207 on $SPY. This market continues to be a swing trader’s market, with a lack of a breakout
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