Adjustments I have had to make in 2016 due to the market environment: I am trading at half the position size I did from 2012-2015 due to the expansion in volatility and average daily trading ranges. Even this is too big at times. I have not been able to buy any individual stocks for longer […]
2016 Trading Adjustments Read More »
Contrary to popular belief by the majority of the general population and even investors and traders stocks are not tied to their fundamental values or even the companies that sold the shares to raise capital. Stock prices are tied to simply what the current buyer and seller in the market is willing to exchange ownership
Why Stock Prices Go Up and Down Read More »
Most traders that make money from the markets get hooked early on winning trades. Many that chose trading as their career, made life changing profits early and got the trading bug. The inspiration to trade comes from the game itself and the opportunity to be rewarded monetarily for making the right decisions. Once you have tasted success, it’s
Why New Traders Quit Read More »
The best thing that most investors could have done was go to cash positions in their retirement accounts as the 200-day SMA failed in late 2015. This helped me avoid a correction in my biggest account. With the speed, chop, and volatility so far in 2016, the traders that are making money are likely day trading or holding positions for
Bulls Curb Their Enthusiasm: $SPY Chart Read More »
Testing a trend-following approach in futures by Adam Grimes When a stock plummets, should you buy? by Bob Lang The Market is Always Right? by Charlie Bilello This Stock Market Correction Is Wringing Out The Bulls by Chris Kimble How to use supply and demand trading zones to identify high probability setups by Tradeciety
My Favorite Trading Articles: Week 2/20/16 Read More »
When it's 330 but the mkt is closed pic.twitter.com/cemyZxD6nM — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) February 15, 2016 FOMC: WE WILL CONTINUE TO MONITOR GLOBAL RISKS UNTIL S&P 500 HITS ALL TIME HIGHS. — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) February 17, 2016 Spot the rich guy…. Via @NorthmanTrader pic.twitter.com/pbuxYlMUbr — Steve Burns (@SJosephBurns) February 18, 2016 Never
Top Trading Tweets of Week 2/19/16 Read More »
Here are the top quotes by Market Wizard and Black Jack Wizard Ed Thorp from the book Market Wizards by Jack Schwager. “I started out by betting $1 on the bad hands and a maximum of $10 on the good hands. It drove them crazy because they were looking to make some big money. I
Top Quotes by Market Wizard Edward Thorp Read More »
“The markets are the same now as they were five to ten years ago because they keep changing – just like they did then.” – Ed Seykota New traders make the mistake of looking for the perfect trading system with the perfect entries and exits that work every time. Unfortunately, there is no such thing. If
Why There is No Holy Grail in Trading Read More »
“A trader who didn’t make mistakes would own the whole world in a month.” – Jesse Livermore If you see a trader on social media who never loses on a trade, then run from them. They are not being honest. Even the best traders generally have 60% – 70% win rates. Some of the best day traders
Losing Trades Suck Read More »
Stocks as an asset class are under distribution worldwide in 2016. $SPY is in an intermediate downtrend under its 200-day SMA. The MACD is still in a bearish crossover. $SPY has closed under the 10-day EMA 24 out of 29 trading days in 2016. The 10-day EMA has been resistance this year. The 21-day EMA is the
Unimpressive Bulls: $SPY Chart 2/14/16 Read More »
