Author name: Steve Burns

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We are looking at a failure to break out to a new all time high Wednesday. With the day of the failed break out closing near the low of the day. Usually only bearish reversals follow a gravestone reversal candlestick, the last two days has been that reversal. We did regain the 20 day after

For the first time in a long time we did not get the relief rally after Bernanke spoke, the markets did not like what was said and sold accordingly. The clean break of the 50 day should have been like a bell ringing to bulls that we are not in Kansas anymore Toto. After breaking

                                                                                                                                                                                                                                                                                                This book is written about how three mutually reinforcing skills make a complete trader. 1). Pattern Recognition and Discretionary Trading. Using the Wyckoff method you will see chart representations of how hot growth stocks are accumulated in bases for long periods of time. They eventually have pull backs then break out to new highs

                                                                                                                                                                                                                                                                                                   Ten Questions to Ask Yourself During Losing Streaks in Trading Are you trading in the wrong direction of the trend in your time frame? Money is made in going with the flow the vast majority of the time. Are you buying break outs in range bound markets or trying to swing a trend?

                                                                                                                                                                                                                                                                                                 Ten Things Traders Need to Start Doing to Make Money Take stop losses when they are hit, holding and hoping drains your money and your emotions. Never enter a trade without and exit plan, you need a stop loss for losing trades or a trailing stop for winning trades, and possible target areas where

With all the drama last week in the indexes and what seemed like wild action for traders watching live trades, it was nothing more than the market staying within a two week trading range in a range bound market. A $160.00 support/$165.50 resistance two week  trading range does not sound like a lot of volatility

   I want to like TSLA, I want to be that guy that bought it as it broke out to new highs but I can’t. This stock is all technicals and chart and no fundamentals nor will it have any for a very long time.  This is the definition of a bubble and the madness

I really enjoyed this book because it shows real life examples of investors and traders who made huge gains following the principles and strategies of William O’Neil’s book “How to Make Money in Stocks” and the paper Investor’s Business Daily. Somewhat like the “Market Wizards” series from Jack Schwager, author Amy Smith distills the principles

                                                                                                                                                                                                                                                                                                           Everyone has heard to “Let winners run and cut your losers short”  but what does that mean? The core of this statement is positive expectancy. If you trade a system that has a positive expectancy then you will make money the same way that casinos make

                                                                                                                                                                                                                                                                                              Here are seven reasons why being on twitter, facebook, stock twits, Linked-In, tumblr, YouTube, Amazon, and Google+  may be a very valuable use of our time as traders, if we are doing it right. Trading Buddies: Traders primarily come to social media for camaraderie. Today’s trading from home leaves a void that use to

When I have a string of losses I pause and reflect and ponder if it is me trading badly or just the market environment not being conducive to my trading method.  Here are 10 questions we will do well to ask ourselves at times when we seem to be out of synch with the market.

                                                                                                                                                                                                                                                                                                     In the past few years on social media I have met some great traders, professionals, and trading teachers. I have had the privilege of interacting with many of my favorite authors, traders, and money managers. This has been amazing to me and I have learned a lot. I am troubled though of the flood