“The answer to the question, What’s the trend? is the question What’s your timeframe?” –Richard Weissman One of the biggest misunderstandings among traders is the time frame on which they trade. A day trader can believe a stock is going down and be bearish on the intra-day chart, while a longterm stock picker is […]
5 Trading Timeframes Read More »
Trade #1 I shorted $IWM three days ago by buying $TZA at $13.02 when $IWM was near the 70 RSI on the daily chart. My stop loss was to exit if $IWM closed above the 72 RSI. My trailing stop is to stay short unless $IWM closes above the previous day’s high. There is
3 Trades Explained $DIA $IWM $SPY Read More »
chart courtesy of stockcharts.com The long term up trend is still in place. All indexes are with-in striking distance of all time highs which remains bullish. $SPY $QQQ $IWM $DIA With all stock indexes pushing against the 70 RSI on the daily chart the potential upside is very limited putting the odds on limited momentum
$SPY Chart With 10 Facts 11/16/14 Read More »
Paul Tudor Jones on the 200-Day Moving Average Determining Optimal Risk Position Sizing and Expectancy Want to succeed? You need systems not goals Adding Tools to Your Mental Toolbox
5 Great Trading Articles 11/15/14 Read More »
@TraderHMS @SJosephBurns somebody has to buy a top — RogerV (@RVchartchatter) November 14, 2014 @SJosephBurns with no beer — Mike Weaver (@weavenow) November 14, 2014 I would rather wish I was in a trade than wish I was out of a trade. Capital preservation and risk management are a traders job. — Sunrise Trader (@SunriseTrader)
Top Trading Tweets 11/14/14 Read More »
This is a guest post from Rajesh that blogs at Nifty Nirvana. Knowing why something works can be the key to everything: Trading is a probability game. Right. I do not want to dispute that. I know very well that there are no certainties in Markets, only probabilities. But I can’t agree with the
Guest Post: Drug Your Trading Read More »
While looking at the interesting data points using ads.twitter.com, I found it interesting to see the nine other Twitter accounts most followed by my own Twitter followers. No real surprises here, but very interesting that CNBC is not on the top nine. Are they having popularity issues? I follow most of the traders on
9 Most Followed by My Followers Read More »
The 5 day ema has provided end of day support for 18 trading days. The 10 day sma has provided support for 19 trading days. 8 days ago $BABA broke out above all time highs and never retraced. For the past 5 trading days $BABA has been in as $119.45 resistance / $106.48 price
10 Fast Facts about the $BABA Chart Read More »
This is a guest post by Brian C. @TraderVancouver on Twitter and Stock Twits. Brian blogs at www.TraderVancouver.com “Victorious warriors win first and then go to war, while defeated warriors go to war and then seek to win.” ~Sun Tzu Newer traders like to focus on the trade set-up, the entry point. They’re
The Unstoppable Trader Read More »
I first read the original version of this book over eight years ago, and it was the book that finally gave me the overall structure I needed to understand all the dynamics of trading. I have read hundreds of trading books, and this one still stands head and shoulders above the rest. It explains how
The New Trading for a Living: Review Read More »
The long term and short term up trends are both currently in place with signs of slowing. $IWM and $QQQ index ETFs both spent last week forming a new high price base range that is bullish. The risk/reward ratio is shifting against the bulls after this fast run so far from the ‘V’
10 Fast Facts About the $SPY Chart Read More »
Following the Path of Least Resistance Richard Rhodes’ Trading Rules Thirty Second Course on Asset Allocation There Are 8 Indispensable Elements of Real Wealth and 7 Aren’t Money The Contrarian (Sociopathic) Mindset
5 Great Trading Articles 11/8/14 Read More »
@SJosephBurns the inches between your ears — John (@john_turnipseed) November 6, 2014 @SJosephBurns @ChrisGrobbel @RobInTheBlack It’s called the SAMPAP pattern: Screw As Many People As Possible — Northy (@NorthmanTrader) November 5, 2014 Pretend your entire portfolio was oil stocks for the last month, that’s what 2008 felt like — D Robertson (@IncomeTrader) November 4, 2014
Trading Tweets of the Week 11/7/14 Read More »
Blessed are the humble traders, for they will cut their losses. Blessed are those who hate to lose capital, for they will be not become too greedy. Blessed are the disciplined traders, for they will be profitable. Blessed are those who hunger and thirst for trading knowledge, for they will learn what really
The Beatitudes For Traders Read More »
1. Nothing new ever occurs in the business of speculating or investing in securities and commodities. 2. Money cannot consistently be made trading every day or every week during the year. 3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion. 4. Markets are never
Jesse Livermore’s 21 Trading Rules Read More »
I entered $TQQQ at $83.13 based on the $QQQ chart as it broke above the 50 day sma. This has been a profitable buy signal over the past 4 years. My stop was a close below the 50 day sma. With the first gap and go I moved my stop to a close below
My Simple and Effective $TQQQ Trade Read More »
Charts courtesy of stockcharts.com and @361Capital These are the kinds of charts that can trick so many because the only selling pressure at all time highs is the pressure to take profits. The longs aren’t being stopped out for losses if they are placed correctly outside the normal intra-day price noise. The pressure
10 Facts About the $SPY Chart- 11/2/14 Read More »
20 Mind-Boggling Facts About High Frequency Trading (Infographic) Optimizing your mental trading system Survivorship Bias: Trend Following Clarification The Secrets I Learned from Jesse Livermore Warren Buffett’s 5-Step Process for Prioritizing True Success (and Why Most People Never Do It)
Articles For Weekend Reading 11/1/14 Read More »
@SJosephBurns on vacation so i put some position trades on, best returns ever, boy do i screw things up when i sit in front of my computer. — Pearlstein (@zoloftrader) November 1, 2014 @SJosephBurns I love people who argue who don’t have skin in the game…I’m showing you where I’m putting my $…What are you
Top Tweets of the Week 10/31/14 Read More »
