Weekend Reading 10/18/14
Lessons From Dorsey Wright’s Thomas Dorsey How Often Does the Stock Market Correct? Fat F1nger Trading Blog Random Thoughts Why ‘Alpha Capture’? I am
Weekend Reading 10/18/14 Read More »
Top Tweets of the Week 10/17/14
@SJosephBurns @Malkwise @MrTopStep Yum on a gluten free roll please. — RF (@AVsDaddy) October 17, 2014 SPX 20 handles off the highs. Thanks a lot, profit takers. — Irrelevant Investor (@michaelbatnick) October 17, 2014 Need a central banker on the tape to restore BTFD confidence quick here — zerohedge (@zerohedge) October 17, 2014 @SJosephBurns The
Top Tweets of the Week 10/17/14 Read More »
I Love These Five Trading Books
Reminiscences of a Stock Operator has stood the test of time. You know that you are talking to a trader when they love this book and have read it over and over again. It teaches principles that successful traders will be using for many years to come. Like all classic texts, this book doesn’t feel dated, despite being in
I Love These Five Trading Books Read More »
The Flow Of Money Explained
Money and investment capital are very picky things. They are constantly flowing from those who know how to manage it, to those who do not. Money is not static, it is in constant flux. This is why a person that starts out poor in America can end up wealthy, and also why generational wealth can
The Flow Of Money Explained Read More »
12 Principles that Lead To My Long Term Trading Profitability
Trading is not about one day, one week, or even one year. Trading is about taking money out of the markets over and over again, consistently, and keeping it to spend on other things. When I have bad days, I look at my long term track record over multiple markets, and that gives
12 Principles that Lead To My Long Term Trading Profitability Read More »
A Trader’s Job Description:
The financial markets are looking for applicants that fit these qualifications: Expect long hours of study and research. Assume you will lose money in the beginning. A person interested in becoming a trader must have the mindset of an entrepreneur. Risk, irregular income, and spending money to make money, are all part of the business. You
A Trader’s Job Description: Read More »
Ten Fast Facts On The $SPY Chart 10/12/14
Chart courtesy of StockCharts.com The long term up trends last level of support is at the 200 day sma. A close under the 200 day will have me shifting to shorting rallies from buying the dips I have been doing since January of 2013. The long term oscillator support of the 30 RSI is
Ten Fast Facts On The $SPY Chart 10/12/14 Read More »
5 Great Trading Articles For Weekend Reading 10/11/14
Correction Road-map – You Are Here Sometimes, Stocks Go To Zero An Antifragile Way of Life Easy Pieces on Risk, #1 – Why is volatility a proxy for risk? Market Wizard Ray Dalio
5 Great Trading Articles For Weekend Reading 10/11/14 Read More »
Top Trading Tweets of the Week 10/10/14
A little late tho…I called it on 9/25 ► http://t.co/qltsdEGIeP RT @IBDinvestors: IBD's market outlook has been in correction since 10/1 — Mr. Breakout (@sharptraders) October 10, 2014 Very limited flight to bonds. Flight to cash? — Mike Valletutti, CTA (@marketmodel) October 10, 2014 @marketmodel I didn't want one…just saying :-> — Al Sabogal (@alsabogal)
Top Trading Tweets of the Week 10/10/14 Read More »
My Personal Favorite 50 Traders To Follow On Twitter
I am very picky about who I follow on twitter. I am always looking for the best of the best for quality education, honesty, trades, and entertainment. I have looked, followed, un-followed, and re-followed for years to come up with this of traders that I truly enjoy following and find great value in them.
My Personal Favorite 50 Traders To Follow On Twitter Read More »
The Five Things That Bitter Traders Don’t Understand About Me
Too many times on social media I get feedback from traders that misunderstand how I trade. Many times they even show that they do not understand what successful trading even looks like. Sometimes they are just lashing out because they were trading against me and do not understand how the market did not follow
The Five Things That Bitter Traders Don’t Understand About Me Read More »
10 Trading Mistakes: Are You Guilty?
Are you trading without a plan? Trading without a plan makes you emotional and a gambler. Do you ever trade too big for your trading account size? Big trades are bad trades for the emotional engagement and risk of ruin that they entail over the long term. Do you risk losing more if you
10 Trading Mistakes: Are You Guilty? Read More »
Where I Will Be Buying the $IWM Dip
In the past year the 30 RSI indicator has been the bounce zone for the Russell 2000. Even when this level is lost it has been recovered by the end of the day in the majority of incidences. This is the bounce zone from a technical standpoint. This also still correlates with recent low prices
Where I Will Be Buying the $IWM Dip Read More »
Ten Fast Facts About The $SPY Chart
The market did finally bounce intra-day near the 30 RSI Thursday it was quick and violent and sent shorts covering. This indicated we were still in a long term up trend and buy the dip was still alive. Thursday also provide a strong reversal candle showing selling was exhausted and buyers were back in
Ten Fast Facts About The $SPY Chart Read More »
Five Great Trading Links For Weekend Reading 10/4/14
Guest blog: decisions for success The Competition is Lazy How To Be A Lucky Trader 11 Ways To Be Remarkably Average https://www.youtube.com/watch?v=O7cpNdyku6E&feature=youtu.be&list=PLC5042C649CE7FFB3
Five Great Trading Links For Weekend Reading 10/4/14 Read More »
Top Trading Tweets of the Week 10/3/14
stealing this. RT @JustinWolfers: The problem with the joke about the Efficient Markets Hypothesis is that I assume you've already heard it. — Downtown Josh Brown (@ReformedBroker) October 1, 2014 @SJosephBurns yesterday lol pic.twitter.com/WuosRLW0NR — Mella (@Mella_TA) October 3, 2014 I feel like its time for me to break out the old "If your
Top Trading Tweets of the Week 10/3/14 Read More »
Cardinal Sins of Trading
Are you guilty of one of the cardinal sins of trading? Hubris: A foolish amount of pride or overconfidence. No matter how good of a trader you think you are, the market is always bigger. You will not win an argument with its price action no matter what. Fear: Cutting winners short because
Cardinal Sins of Trading Read More »
Good Trade Anatomy
Here are ten quick and easy steps to making sure your trade has the best chance of being a winner: Your trade entry must be at a price level that gives you either a high probability profit potential or a great risk/reward ratio. You must identify where price has to go to prove you are
Good Trade Anatomy Read More »
Ten Fast Facts About The $SPY $INDU & $QQQ Chart
The 50 day held on the $INDU chart Thursday showing big cap buyers were present at this key line in the sand. $QQQ held the 50 day on Thursday but found resistance at the 21 day ema Friday. $SPY lost the 50 day on Thursday and found resistance at the 21 day on
Ten Fast Facts About The $SPY $INDU & $QQQ Chart Read More »
Weekend Reading for 9/27/14
Iron Rules of Money Eight Things I Learned from Peter Thiel’s Zero To One Prioritize Your Goals with Warren Buffett’s Two-List System Interview With Ted Hayes, Ph.D., Part One: The Two Drivers of Elite Performance Interview With Ted Hayes, Ph.D., Part Two: A Surprising Finding About the Development of Trading Performance
Weekend Reading for 9/27/14 Read More »