One trade is meaningless outside a trading system. A trading system can not be implemented without a trading plan. Entries are just the beginning; the exit is what determines if a trade is profitable or not. Here is the structure all traders need for long term success: We have to create a trading system that […]
10 Steps to Successful Trading Read More »
Bulls had control last week driving stocks higher day after day with little intra-day weakness. The bullish double bottom played out as the rally took the $SPY back to the 200 day SMA. The 200 day SMA is the current resistance level. A close over the 200 day will finally put the bulls in control and cause trend
10 Fast $SPY Chart Facts 3/6/16 Read More »
Creating a Mathematical Edgehttps://t.co/Ip3PAfqdmo#trading #tradingstrategy — The Chartist (@thechartist) March 5, 2016 Excellent article on grading trades to help focus on the process @BreakingOutBad https://t.co/RHHu86JENX pic.twitter.com/VHvCLXE2qn — adey (@adeyf69) March 5, 2016 Most traders have a potentially profitable system but then lose money because they want to make it perfect https://t.co/R5ykvRtcLi — Tradeciety (@Tradeciety) March
My Favorite Trading Articles: 3/5/16 Read More »
Shorts pic.twitter.com/Sx0qov0Xph — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) March 1, 2016 @Mella_TA @SJosephBurns Bears will soon appear as we are at or near resistance on almost all major indices pic.twitter.com/h7wpjUU4j6 — AIM Buster (@AIM_Buster) March 3, 2016 Since folks are now bullish again let me at least suggest that there is risk that the lows for
Top Trading Tweets of the Week: 3/4/16 Read More »
Signals help traders filter out their opinions and focus on price action. These tools help capture trends in your own time frame. The 200 day SMA measures the long term trend. Price above long term bullish, prices below signal long term bearish. The 10 day EMA measures the short term trend. Price above short term bullish, prices below signal short term
6 Technical Indicator Signals Basics Read More »
The “Most Helpful Trader on Twitter” poll we run at NewTraderU.com each year has become so popular that I decided to take it a step further. Who would not love to hear what these traders have to say about their methodology, risk management, and trading psychology? I reached out to the top traders on the poll,
Interviews With The Most Helpful Traders on Twitter Read More »
It is not bullish for indexes to be negative year to date. Rallying after a plunge is not the same as breaking out of a range. $SPY gapped up Monday and then closed at $194.78 then bounced around all week only to close on Friday at $195.09. After the Monday gap $SPY was not accumulated or
10 $SPY Chart Facts 2/28/16 Read More »
Do the Largest Moves Happen Beneath the 200-Day Moving Average? https://t.co/QFc6peJtFV pic.twitter.com/KJSNrFpL2E — LPL Research (@LPLResearch) February 19, 2016 All traders need to be intimately familiar with the Law of Pareto, because it WILL govern your trading. https://t.co/A17uXN9ly7 — Peter Brandt (@PeterLBrandt) February 26, 2016 ABUNDANCE https://t.co/SugdgKsZCL — Downtown Josh Brown (@ReformedBroker) February 25, 2016
5 Great Trading Blog Posts Week 2/27/16 Read More »
I'm starting to get the feeling that no one actually knows what the market will do — StockCats (@StockCats) February 24, 2016 The best traders I know use very few indicators with their methodology. Keep it simple – focus on Market Context & Price Support/Resistance. — Walter White (@BreakingOutBad) February 23, 2016 Caution goes out
Top Trading Tweets: Week 2/26/16 Read More »
The stock market goes through cycles of up trends, down trends, and range bound price action. This is caused by equities as an asset class going through phases of accumulation and distribution. Bull markets are where the easy dollars are made. You can buy the best growth stocks as they break out of price bases to
Easy Dollars vs. Difficult Dimes Read More »
