This is a great point and article shared in my Facebook trading group: From Simon Vuko: The below principles have massive trading implications for newbies: ‘The Dunning-Kruger effect explains that the problem isn’t just that they are misinformed; it’s that they are completely unaware that they are misinformed. This creates a double burden.” “Studies have […]
Trading in the Dark Read More »
The rallies felt very strong late last week but they were only inside the recent trading range. The price last Thursday seemed to fall hard but it was well inside the near term trading range. $218.50 has been $SPY resistance since August 15th 2016. $211.25 has been $SPY support since the July 18th 2016 breakout
The $SPY Chart Trading Range: 10/2/16 Read More »
Michael Covel podcast Jesse Livermore Quotes Examined Technical Analysis and Its Return to Prominence The Importance of Focusing on Your Process Execution and the Objective Trade and Day Grading Tool I’ve never seen anything like the massacre of the hedge fund business this year Germany Working On Deutsche Bank Rescue Plan As Lender Sells Unit
Top Trading Articles: Week 10/1/16 Read More »
Know what you want to seeWhere you want to see itWhen you want to see it — Tom Dante (@Trader_Dante) September 27, 2016 There's 2 options in life/trading.Easy option: Keep doing same things & blame every1 else.Hard Option: Take a good hard look in the mirror — Assad Tannous (@AsennaWealth) September 28, 2016 Learn when
Top Trading Tweets: Week 9/30/16 Read More »
There are some common things that happen to most participants in the financial markets on their path to success or during their failures. Some start out with beginners luck only to see it run out and realize they have to build skills. Others have to go through failures for a long period of time before they
Inevitable Events on Your Trading Journey Read More »
Trading Bias Definition: A trading bias is the tendency that leads traders and investors to follow a predetermined path in a trade or investment even when it appears they are wrong from a fundamental or technical perspective or both. A bias about a trade occurs when there is a loss of perspective because their opinions or predictions are held even
Breaking Your Trading Bias Read More »
Trading with no stop losses. You can’t control how big your profits are, the market will trend as far as it does. However, you can control and limit the size of your losses with a stop loss and a carefully managed positions size. Not having an exit plan if you are wrong can be very expensive when
7 Expensive Things for Traders Read More »
SPX continues in a range with resistance holding at 2200 and support at 2120. SPX new all time highs stays within striking distance and is still possible in coming weeks. The SPX 100 day SMA held as key support during the last plunge. The SPX MACD finally had its first bullish crossover since June. Slow Stochastics maintains a
$SPX Chart Key Levels: 9/25/16 Read More »
