My 7 Trading Habits
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10 Habits of Highly Profitable Traders
Create asymmetry in your trading by using stop losses. Profitable trading only happens by making more money than you lose. Big losses are the main cause of not being profitable. Eliminate big losses by cutting your loss when proven wrong. Have a great risk/reward ratio on entry. Give yourself the potential to make two
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Playing the Long Game
As Jeff Bezos built Amazon into the biggest retailer in the world by market cap, his focus was not on the short game of quarterly earnings to please Wall Street, or small challenges and obstacles that arose from day to day operations. His focus was on the long game, conquering the publishing and retail world—the
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10 Facts About the Market Indexes 11/1/15
$SPY $QQQ and $DIA ran into resistance at the 70 RSI. The risk/reward favors a pullback here. $SPY $QQQ and $DIA found support at the 5 day EMA on Friday at close. $QQQ is the leading index and $IWM is the laggard. $IWM had a failed breakout over the $116 resistance and price ended
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My Favorite Blog Posts: Week 10/31/15
Trading Success and The Illusion of Prediction The proven facts behind emotional attachment. Why do you marry trades? Are you trading for profits, drama, or a combination of both? S&P 500 Trading Update: Risk-Reward Shifting To Downside The Insidious Nature Of Investing Hindsight
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Top Trading Tweets of the Week 10/30/15
$VRX I’m strangely attracted to this chart.. Then I slap my hand ? pic.twitter.com/WGs0FCfTg3 — DK1 (@canuck2usa) October 30, 2015 perspective pic.twitter.com/aISgjbgcxv — StockCats (@StockCats) October 28, 2015 and that’s why they call it earnings roulette pic.twitter.com/kMGqad68qj — StockCats (@StockCats) October 27, 2015 This Market Is Making Me Nervous… pic.twitter.com/60mrGk1VCq — StockCats (@StockCats) October 25,
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The 5 Best Trend Following Books
Here are 10 trend following principles and 5 trend following books to get you started in the world of reactive technical trend following. You shall learn from successful trend following fund managers to make big returns int he market. You shall follow the trend only, and have no guru, opinion, or prediction that you bow
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Screen Stocks Like a Market Guru
A new website platform that lets traders see the stocks that would be chosen right now by investment legends based on algorithms that filter for their historical parameters, I’m happy to introduce you to Meet Invest. Users can now see the stocks that Warren Buffett, Marty Zwieg, Peter Lynch, or William J.
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10 Facts About the Market Indexes $SPY $QQQ $IWM
$QQQ and $DIA are both over their 200 day SMAs but also over the 70 RSIs the risk reward is in the favor of short sellers here. The charts look more like the top of a downtrend than the beginning of a new uptrend at this point in time. Buying dips back to the 200
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Top Trading Articles: Week 10/24/15
Success is likely to lie more dependably in discipline, consistency, error minimization, rather than in bold strokes Interview with Top Traders – What is The #1 Thing That is Absolutely Critical to a Trader’s Success? Why Most Traders Lose Money: 9 Tips To Better Risk Management The Greatest Mistake Losing Traders Make
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Trading Tweets of the Week 10/23/15
$SPX up +10.8% from the low 19 trading days ago +203 points bringing the YTD gain to +0.7% — StockCats (@StockCats) October 23, 2015 most bullish analyst on the street taking a victory lap with the $SPX up less than 1% on the year — StockCats (@StockCats) October 23, 2015 hold my beer while I
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Book Review: Following the Trend
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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The 10 Troubles in Bull Town
$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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A Traders 10 Steps from Amateur to Pro
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
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The Last $SPY Resistance Levels 10/18/15
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
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5 Great Trading Articles 10/17/15
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
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Trading Tweets of the Week 10/16/15
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:
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5 Ways to Dodge High Frequency Traders
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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Up Trend Signals Vs Range Bound Signals
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
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12 Best Things Paul Tudor Jones Ever Said
“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
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