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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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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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
Emotions Are Not Trading Signals Read More »
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
10 Facts About the $SPY Chart 6/28/15 Read More »
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
My 5 Favorite Trading Articles: Week 6/27/15 Read More »
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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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
Review for Trading Options by Greg Harmon Read More »
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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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
7 Reasons to Never Give Up Trading Read More »
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
4 Free Trading Books on Amazon Kindle 6/22/15 Read More »
$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
10 Fast Facts About the $SPY Chart: 6/21/15 Read More »
How To Know Whether Emotions Affect Your Trading By Rolf @Tradeciety Greek Financial Crisis: Why Traders Should Tread Lightly On Opinions By Andrew Nyquist When Strengths Are Weaknesses And Weaknesses Are Strengths By Brett Steenbarger Uncertainty is not the same thing as risk By Seth Godin Hedge Fund Market Wizards by Jack Schwager
My 5 Favorite Trading Articles: 6/20/15 Read More »
The reason we're all getting sick of the Greek drama is they haven't killed off any main characters yet and its already season 5. — Downtown Josh Brown (@ReformedBroker) June 15, 2015 The year is 2065: -Fed Chairman Steve Liesman III swears first rate hike in 60 years will take place in December -Greece deal imminent
My Favorite Tweets of the Week: 6/19/15 Read More »
Here are trading professionals, market wizards and millionaires, that are on Twitter and share with their followers. These are real-deal traders that can add incredible value to your tweet stream. Algorithms make better decisions than humans. Our biases get in the way & past performance cannot predict results. http://t.co/kz34SOPKKc — Jerry Parker (@rjparkerjr09) June 18,
6 Trading Wizards to Follow on Twitter Read More »
They sue Brad Pitt for unreceived royalties for his part in the movie, “Troy”. They sue Michigan State for the use of “Spartans”, and USC for calling themselves the “Trojans”. They sue the creators of the movie “300”, despite the fact that it was all computer generated. They sell the Parthenon. They sue all democratic
10 Solutions for the Crisis in Greece Read More »
Many people spend more time planning their vacation than their financial future. This is why too many end up nowhere. Self-control, education, saving, investing, and trading are paths to building net worth. We earn money by creating value for customers, a company, or ourselves through education and experience. Our net worth is the difference between
5 Life Changing Personal Finance Books Read More »
1) Warren Buffett Warren Buffet has the uncanny ability to find the right person for the right job. “Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s
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2015 is a range-bound year for equities, with $SPY returns sitting at 3.18%. In range-bound markets, horizontal trend lines that define support and resistance are more desirable than vertical, slanting trend lines. Moving averages are for identifying support and resistance, not trends in this type of environment. Stocks as an asset class are not being
10 Facts about the $SPY Chart 6/14/15 Read More »
These 4 Questions Will Keep You From Making Trading Mistakes Trade Setups: Understanding the Backtest Could Stocks Surprise Significantly In Next 15 Years? What trading over the course of five different decades has taught me about drawdowns Goldman: Why ETF Assets Will Double to $6 Trillion by 2020
My Favorite Trading Articles 6/13/15 Read More »
*whispers* you guys, there’s only a substitute ceo, you can do whatever you want on here today — Downtown Josh Brown (@ReformedBroker) June 12, 2015 Futures Symbols FYI http://t.co/X5xFdhOEus — DK1 (@canuck2usa) June 12, 2015 But don't let these new highs get in the way of your narrative. It's only price. — Jon Boorman (@JBoorman) June
My Favorite Trading Tweets: Week 6/12/15 Read More »