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 […]
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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
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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
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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
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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
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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 $150,000 Using the Darvas System Ep. 139: Steve Burns Interview #2 with Michael Covel Steve Burns Makes His 1st Appearance on the Podcast Episode 54 The Classic Book by
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This guest post is from: Christopher Ebert @OptionScientist There are two VERY DIFFERENT terms to consider when it comes to trading: 1) Prediction and 2) expectation (or confidence) surrounding the prediction. Placing a trade involves making a prediction. It is not possible to place a trade without making a prediction, and that is
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Do all the needed homework and research about your trading style before you ever trade any real money. Never trade without a detailed trading plan. You have to know exactly what you will do in response to the price action before the market opens each day. Learn how to maximize winning trades with trailing stops
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This is a GUEST POST from Rolf @Tradeciety. I am a huge fan of his work. What You Know Versus What You Think You Know About Being a Trader 1. What Is Trading? Your first stage of being a trader is when you have no clue what trading is but you really like
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$SPY has been in a $205 support and $208.50 resistance trading range for two weeks. For the past seven out of ten days $SPY has closed lower than it opened. This is a sign of distribution. A bearish MACD crossover is signaling a leveling out in the up trend and a loss of momentum.
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A Guide To How To Use Moving Averages The Three P’s of Excellent Trade Execution 10 Price Action Tips That Will Make You a Better Swing Trader Trading Options In Three Dimensions Market Masters: The Trader’s Journey; The Hero’s Journey
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Once again Mario Draghi is all talk, no actual money committed. He’d be a great trader on Twitter. — Downtown Josh Brown (@ReformedBroker) December 4, 2014 You can always tell who is killing it by the number of motivational quotes they post. — Irrelevant Investor (@michaelbatnick) December 5, 2014 “The bond market and the stock
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Richard Rhodes’ Trading Rules 29 Rules for Trend Following Stocks Bernard Baruch’s 10 Trading Rules Dennis Gartman’s 22 “Rules of Trading” Jesse Livermore’s 21 Trading Rules 20 Golden Rules For Traders Trading Rules From A Professional Trader The Art of Trading: Golden Rules
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Guest Post by JB Marwood @MarwoodJB on Twitter. It was 10:30 AM and I’d already been through so many round trips I could probably claim back a flight to Las Vegas. We’d previously been told not to look at our P&L’s, but I just couldn’t help myself. Every 20 seconds I’d bring the window back
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This is a guest post by Helyn Bolanis: Founder,CEO,& Chief Investment Officer @ParlanFinancial Corp. You Don’t have to be an Investment Geek to Make Money with this Idea Ever wonder why a stock or the market just takes off like a rocket, with no apparent rhyme or reason? Me too. Sometimes you get why
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$TSLA closed below the 200 day moving average. This is a key dividing line between an long term up trend ending and a down trend beginning. In the intermediate time frame the 50 day line itself is at a downward curve. The RSI gives $TSLA plenty of room for more downside. Stocks do not
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All time highs are bullish. Everyone that has every bought the S&P 500 index has a profit, or is very close to one. At these levels, almost no stop losses are being hit; only profit taking puts pressure on the market. The long term up trend is in place with years of higher
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Is It Possible To Predict Black Swans? Humans Are Hardwired For Trading Failure A Guide To How To Use Moving Averages 10 Things I’ve Learned About Trading Over The Past Decade HOWARD MARKS: Here’s What Everyone Gets Wrong About Risk And Reward
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The bears will finally have their wish come true today. The market will close early. — Jon Boorman, CMT (@JBoorman) November 28, 2014 After "excluding items" I didn't really overeat at Thanksgiving. Adjusted EBITDA = Eating Before Ice cream, Turkey, Dressing & Apple pie. — Tren Griffin (@trengriffin) November 28, 2014 There's a longer line
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There is a story in the book Anti-Fragile of a turkey that is fed for 1,000 days by a butcher, and everyday, confirms to the turkey and the turkey’s economics department and the turkey’s risk management department and the turkey’s analytical department that the butcher loves turkeys, and every day brings more confidence to the
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