A few key points to remember when analyzing market movements: Uncertainty causes much of the volatility, as neither buyers, sellers, or holders have the majority conviction to control the trend. Unexpected good news causes the market to (generally) go up as the new situation is priced in. Expected good news is usually sold into when […]
Understanding Market Movement Read More »
With the action in the markets in the past few weeks I am looking at selling OTM call option premium using bearish credit spreads on $SSO and possibly swing trading long off any deep dips with bounces and shorting reversals off rally peaks in the the 65-70 RSI territory if we get there. We’ll see
Ten Fast Facts About the $SPY Chart Read More »
^ Via Andrew Selby ^
Trading Memes I Thought Were Funny Read More »
Some advice for using #twitter –> pic.twitter.com/dxxmHpxmE7 — Steve Burns (@SJosephBurns) January 11, 2014 "What I was confident in was the probability of winning after fifty trades per year." – Gil Blake — Andrew Selby (@DontTalkStocks) January 17, 2014 Complexity sells, simplicity pays – http://t.co/YyRDDZqbYz — Jon Boorman, CMT (@JBoorman) January 16, 2014 @RedDogT3Live @MNYCx
Great Trading Tweets of The Week Read More »
Twitter can be a lot of noise if it is not filtered properly for quality. Here are twelve of my favorite follows on twitter that add add value to me stream through their expertise in many different areas. Their content and tweets are always high quality
Twelve Master Traders I Follow In The Twitterverse Read More »
If you want to trade you have to be a great manager of STRESS. Stress will break you if it is not managed. If you enter a trade and your heart races and your foot starts tapping there could be many different issues going
If You Want to Trade, You Have To Be A Great Manager of….. Read More »
80% of trading is behavioral, maybe only 20% is based on the other things that a trader does. Like much of personal finance it is not the math but the behavior that makes all the difference. Most people’s problem with being broke does not lie in their budget it is due to their behavior
80% Of Trading Is …… Read More »
20 Reasons Why 90% of New Traders Don’t Make It They risk too much to try to make so little. They trade with the probabilities against them. They think trading is easy money. Instead of focusing on learning how to trade they focus on getting rich. They blow up due to improper position sizing. With
20 Reasons 90% Don’t Make It Trading Read More »
The $SPY chart is still in a long term uptrend. $SPY has settled into a short term price range $SPY is not respecting the 5 day ema or the 10 day sma so trend trading on the daily chart is not working here. For 12 out of 13 days after the gap up to
Ten Fast Facts About the $SPY Chart Read More »
Only to the extent that man exposes himself over and over again to annihilation, can that which is indestructible arise within him.-Durkheim — Ray C. Freeman (@R2RayCFreeman) January 6, 2014 Can’t remember the last time I read
Great Trading Tweets Of The Week: Read More »
The primary eleven day range is $182 support/$184 resistance. The one day gap up break above $184 was rejected so far. ^Short term $SPY is currently range bound. The long term up trend is currently still strong and in place. $SPY opened at the highs of the day and could not find any buyers
Some Fast Facts About the $SPY Chart & Possible Short Entry Signals Read More »
14 Emotional Dangers For Traders Anger- Revenge trading Fear- Inability to take an entry or hold a winner in a trend. Disgust- Can lead to loss of a traders confidence. Happiness- Surprisingly can lead to trading too big and taking on too many positions. Sadness- Can lead to having difficulty taking the next trade entry
14 Emotional Dangers For Traders Read More »
In the capital markets money flows in these continual directions… Money flows from those that do not know how to manage risk to those that do. Profits flows from those who fight trends to those who follow them. Money flows from those who buy option contracts that have terrible odds of being profitable to
Are You On The Right Side Of The Flow Of Profits? 10 Places Profits Flow Read More »
System What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, CAN SLIM, option trader, another, or a combination? What time frame will I be trading on? What are my trading rules? What signals my entry? What will signal my exit? Do I use a trailing stop or
20 Questions For Help Building a Trading Plan Read More »
While $SPY ended 2013 with an over 32% annual return and seemed to keep going up day after day with buying the dip as the name of the game last year. While ‘the dip” moved around to the 10 day SMA, the 21 day EMA, the 50 day SMA, even the 100 day simple moving
The $SPY Chart’s Biggest Technical Resistance Level Read More »
Longer term uptrend still very healthy and intact, long term trend followers have been able to let long equity positions run for over a year now. Short term we are still a little overbought here and it would be healthy for a retracement to the 21 day or 50 day or some base building in
Seven Things I See On the $SPY Chart Read More »
@SJosephBurns my two mentors were most humble yet confident and focused in front of the screen, never arrogant — Conquest (@ConquestFund) January 3, 2014 How new traders start out –> pic.twitter.com/PP61JgrW8d — Steve Burns (@SJosephBurns) January 3, 2014 "I became over-confident, and that is the most dangerous state of mind anyone can develop in the
My Favorite Trading Tweets of the Week Read More »
A great conversation broke out in my trading group over the past few days when one member asked: “I have a question for some of you guys….right now I’m a part time trader with a full time job. I’d love to be
12 Things To Consider Before Trading Full-Time Read More »
When a new trader is in the process of building their capital for a trading account there are a few financial mistakes that they make that can really keep them from having the ability to ever build the necessary trading account to even be able to trade with in the first place. Here are some
Building Your Trading Capital: 5 Pieces of Advice Read More »
