Too many new traders see stock options as lottery tickets, chips in a casino, or a path to getting rich quick. They are not. They can be used as tools for the transference of risk from one person to the other. They can be used to buy insurance on a portfolio of stocks. Options […]
10 Options Trading Pitfalls To Avoid Read More »
When I asked my Facebook trading group what was the cause of their biggest trading losses, no one had any trouble remembering those painful and valuable lessons. These top 30 insightful answers will benefit new traders and provide a nice reminder for those with more experience. “What was the cause of the biggest draw downs
35 Top Destroyers of Trading Capital Read More »
$IWM is breaking out of a year long price base. Are you ready? This is why I am bullish on breakouts: I will be watching the $118.50 level in $IWM next week that coincides with the 1200 level in the Russell 2000 index. A stronger break and close above this level could result
Electric car companies are all the rage when oil is expensive, but what happens when the oil market takes a dive? Follow along, step-by-step, with my Tesla trade made the week of 12/2/2014. As oil fell day after day, electric car company Tesla showed weakness in price, resulting in several down days in
Do Bears Drive Electric Cars? Read More »
I am not counting the long extended wick on the $SPY chart becasue this is what happened: Berserk, Broken Rampathon Algo “Buys” The S&P At 2,130 The all time high that is relevant after the dividend on the adjusted $SPY chart is now $207.50 and on the $SPX it is now $2079.50. Breaking out
Facts About the $SPY Chart: 12/21/14 Read More »
Each year, I run a poll to find the most helpful traders on Twitter. This year I had more than 1,000 votes cast, and here are the top 20 most helpful traders according to my readers. Thanks to everyone who took the time to vote, and for all the retweets and shares. This is
Twitter’s 20 Most Helpful Traders: 2014 Read More »
Albert Einstein on Sifting the Essential from the Non-Essential An Epic Blowout Michael Gervais: Mindfulness and High Performance Training with the Seahawks (video) Howard Marks: Lessons Learned from the Oil Crash Picking the right Trading jungle
5 Great Trading Articles: 12/20/14 Read More »
Here are the minutes from the last FOMC meeting. pic.twitter.com/zNEApdrzeb — Rudolf E. Havenstein (@RudyHavenstein) December 19, 2014 Congrats playa pic.twitter.com/21aqHkqU5V — Downtown Josh Brown (@ReformedBroker) December 19, 2014 So Citi thinks Instagram is worth $35 billion. Do you remember that Citi once thought Vikram Pandit's hedge fund was worth $800 million? — Downtown Josh
Trading Tweets Of the Week: 12/19/14 Read More »
When a market gaps up out of a trading range it confounds many traders. They do not understand how the price can gap up to a whole new trading range, stay there all day, and even go higher through the day. If the gap is out of an oversold level it is actually a
What Causes A Gap & Go? Read More »
There is nothing simple or painless about trading for a living. You have to compete in a rivalrous arena, defeat other gladiators, and not get yourself killed in the process. Here are a few ways to become a better trader and overcome your opponents. Face reality- Spend time analyzing what you do and
Two Traders Enter, One Trader Leaves Read More »
After reading several hundred trading books I have come to the conclusion that the vast majority are a complete waste of time. However the 10% or so that are good can be life changing and improve your trading dramatically. In looking through my trading library for life changing books, checking out the top sellers
Best Books in the World on Trading Read More »
Paul Tudor Jones’ shorting stock index futures on Black Monday was one of the greatest trading days by any trader in history. Paul Tudor Jones correctly predicted on his documentary in 1986 based on chart patterns that the market was on the path to a crash of epic proportions. He profited handsomely from the
Paul Tudor Jones: Black Monday 1987 Read More »
The profitable trading system in the stock market for the past two years has been to but the dip. The question is what level presents the best probabilities for a dip buying bounce? We currently have three key support levels converging: The 50 day moving average at $200.22. The $200 price century mark
$SPY : High Probability Buy Levels Read More »
The Cast of Characters on Finance Twitter How To Become A Profitable Trader With A 9 To 5 Job 4 Profitable Chart Patterns For Swing Traders The Work Required To Have An Opinion Hedge Fund Market Wizards – Joe Vidich
5 Top Trading Articles: Week 12/12/14 Read More »
Top Tweets of the Week 12/12/14 It’s official – the kids are getting oil drums for Christmas this year. — Downtown Josh Brown (@ReformedBroker) December 10, 2014 @SJosephBurns Markets are full of traps. Even a highly successful trade is trap in itself because it boosts ego and induces the next error. — Cool
Top Tweets of the Week 12/12/14 Read More »
The Pro’s Process – Stephen Burns Invest Like a Pro with Steve Burns Don’t Talk About Your Stocks TRADER INTERVIEW: How Steve Burns Made $150,000 Using the Darvas System Ep. 139: Steve Burns Interview #2 with Michael Covel Steve Burns Makes His 1st Appearance on the Podcast Episode 54 The Classic Book by
7 Helpful Interviews I Did For Traders Read More »
This guest post is from: Christopher Ebert @OptionScientist There are two VERY DIFFERENT terms to consider when it comes to trading: 1) Prediction and 2) expectation (or confidence) surrounding the prediction. Placing a trade involves making a prediction. It is not possible to place a trade without making a prediction, and that is
Trading: Predictions vs. Expectations Read More »
Do all the needed homework and research about your trading style before you ever trade any real money. Never trade without a detailed trading plan. You have to know exactly what you will do in response to the price action before the market opens each day. Learn how to maximize winning trades with trailing stops
How To Get In The Top 10% of Traders Read More »
This is a GUEST POST from Rolf @Tradeciety. I am a huge fan of his work. What You Know Versus What You Think You Know About Being a Trader 1. What Is Trading? Your first stage of being a trader is when you have no clue what trading is but you really like
New Traders Need To Know This: Read More »
$SPY has been in a $205 support and $208.50 resistance trading range for two weeks. For the past seven out of ten days $SPY has closed lower than it opened. This is a sign of distribution. A bearish MACD crossover is signaling a leveling out in the up trend and a loss of momentum.
$SPY Chart: 10 Facts 12/7/14 Read More »