The best traders wake up every day excited. They can’t wait to get to work. Passion transcends monetary reward. — Mark Minervini (@markminervini) July 18, 2014 Obama preview: Terrible tragedy, will be further costs for Russia, those responsible must be brought to justice, gotta go, have 1PM tee time — Reinman_MT (@reinman_mt) July 18, […]
Tweets Of The Week – 7/18/14 Read More »
Five Reasons Why People Fail In Life Blaming others for your own mistakes, laziness, and bad decisions is a sure path to failure. Success only blooms from the fertilizer of responsibility for yourself and your own results. Arguing with someone when you are wrong instead of learning is a path to failure because instead of
Five Reasons Why People Fail In Life Read More »
It was great to have the honor to interview these two market wizards. I appreciate them both taking time off from their busy schedules, and giving my readers a chance to ask some questions. All of these questions were submitted by my Facebook trading group. Questions for David Ryan Q: David, what are some
Interviewing Mark Minervini & David Ryan Read More »
Since the all time high breakout in May the 21 day ema has acted as end of day support in $SPY and $QQQ. After the 21 day ema support was lost in $IWM in July it has acted as resistance for $IWM. 2014 has been a wider price ranging index up trend than 2013 was
A Key Moving Average I Am Watching & What I See Here Read More »
Mindfulness is the practice of really seeing reality for what is really happening in the present moment. Seeing the facts for what they are and not what you want them to be. The ability to cultivate the equanimity to see the reality of the circumstances you are in without losing yourself to them and allowing
Ten Things That Traders Must Be Mindful of Read More »
The long term up trend is firmly in place. With the 50 day holding in $IWM & the 21 day ema holding in $SPY. Currently $QQQ is the strongest equity index. All gap downs and dips are still being bought quickly. The Portugal gap down Thursday in $IWM was met with buyers at the 50
$SPY & $IWM Charts Analysis, Individual Stock Set Ups, & Option Analysis Read More »
Who’s the Greatest Investor Ever? Excess Returns The 1929 Crash Chart: One Final Farewell Interview with Nick Radge from TheChartist How To Be Resilient: 8 Steps To Success When Life Gets Hard Secrets of the Millionaire Mind T Harv Eker
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i’ve said it before and i’ll say it again, timeframes are the least understood aspect of trading — KRS (@krscapital) July 10, 2014 The CYNK algo is now back in the S&P500 where it belongs — zerohedge (@zerohedge) July 10, 2014 $SPY so Portugal isn’t an issue after all? This market is so dumb.
Tweets of the Week – 7/11/14 Read More »
Many traders and investors make the mistake of trading and investing only in equities. While the stock market is a very popular place for retail traders and investors to use for their capital it is not the only game in town. Equities are just one asset class. Stocks are the place to be when their
Some Dangers of Correlation & Benefits of Diversification in Trading Read More »
What exactly is your entry signal going to be? Based on what back testing or trading principles? Will you wait for a move in the direction of your trade or buy based on a technical indicator? Will you have better odds of success buying dips in bull markets and shorting strength in down trends? Risk/Reward:
Ten Questions To Ask Yourself Before You Enter A Trade Read More »
The following is a book review I first published on Amazon for the book “Mastery”. I felt like it was written just for me. I have always enjoyed reading the biographies of successful people that mastered their fields of endeavor like Thomas Edison, Henry Ford, Leonardo Da Vinci and many others. I have read many
How To Pursue Mastery Read More »
SIGNALS: A break out to a new high or low price out of a price base. The market rallying on bad news or falling on good news. A gap in the direction of the current trend. The huge majority of all traders are in agreement for a long period of time. The traders on the
Trading The Signals Versus Trading The Noise Read More »
The stock market is in a up trend on all time frames and across all indexes. Overbought indicators are not working for swing short trades, there is currently no long term resistance. Shorting indexes has been punished since the break out to new all time highs making shorts more reluctant to try again. Traders that
A Dozen Things The Charts Are Saying Now $SPY $QQQ Read More »
Psychology: What’s Your Trading Brain Type? 10 Things I’ve Learned About Trading Over The Past Decade The Mindset of Trading Success High Probability Trading by Marcel Link 7 Reasons Why You Will Never Do Anything Amazing With Your Life
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The only one capable of answering which trading strategy is “right” or “wrong” is the trader. The answer depends largely on psychology. — Michael Lamothe (@MichaelGLamothe) July 2, 2014 There’s no single “right” or “wrong” trading strategy but there are “right” and “wrong” trading strategies for each trader. — Michael Lamothe (@MichaelGLamothe) July 2,
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In my Facebook trading group, I asked the question: “What is your most important trading rule?” As usual, I got a ton of great answers. The most common response was: “Always follow your trading plan.” followed by “cutting losses”, and “keeping losses small.” This should hit home for new traders. If you do not have a
16 Important Trading Rules Read More »
For a trader to be successful their intellect must defeat their ego. A trader must use probabilities to overcome their own personal opinions. A trader has to use risk management to overcome the hope that a losing trade will turn around and just take the original stop loss plan. A trader must allow the actual
15 Exchanges New Traders Need To Make Read More »
There are two different issues that I have seen traders face: #1 Not knowing how to turn off their trading. Obsessing about every trade and watching every tick even when no value is added. Tying their self worth to their trading results. A trader has to have an ‘off’ switch along with their “on”
Trading: Turning It On And Turning It Off Read More »
You can control when you enter and what will cause you to exit but where price goes in the mean time is up to the market itself. You can decide how big of a position you want to trade but you can’t choose your profit amount that is up to the market. You can’t decide
What Traders Can Control And What They Can’t –> Read More »
So far the stock market in 2014 does not care about anything but the central bank IV drip. The bulls continue to run wild in the energy sector $XLE as they wait for some clarity in Iraq. $XLE did finally fall back to reality under the 70 RSI. 2104 has been the year
Ten Fast Facts About This Market Environment $SPY Read More »