Traders hear the terms “buy fear and sell greed” over and over again. However, these sayings are meaningless outside the context of specific price action. Here is some context: Fear is not a buy signal. Fear can set up a dip buying signal with a good risk/reward ratio, or a short side trade out of […]
Emotions Are Not Trading Signals Read More »
The long term resistance line held last week at $212.75. This is still a range bound stock market in 2015, with a 2.08% year-to-date return in $SPY. Many of the stock market sectors are no longer trending up, but are caught in the 30-50 RSI range. This is a warning of potential distribution, and the
10 Facts About the $SPY Chart 6/28/15 Read More »
Riding Trends and Managing Risk – $AMBA The Psychology Behind Casinos And The Stock Market Trend Followers: A Potential Dilemma With Long-Term Moving Averages Q&A with Ben Carlson on A Wealth of Common Sense The Loneliness of the Short-Seller
My 5 Favorite Trading Articles: Week 6/27/15 Read More »
Market makers be like… pic.twitter.com/jWkFWNBBhX — TradingMemes (@tradingmemes) June 26, 2015 Your trading plan smells fishy… cc: @TradingMemes http://t.co/TeET4kcsqf pic.twitter.com/FLdtYykDT0 — TradingMemes (@tradingmemes) June 26, 2015 Instagram game strong pic.twitter.com/ogMh5sUnYN — Wu-Tang Financial (@Wu_Tang_Finance) June 26, 2015 My generation’s Tinder was calling the girl’s home phone and hanging up when her dad answered. That took
My Favorite Tweets of the Week: 6/26/15 Read More »
Greg Harmon has written an informative book for those who are committed to learning the basics of the mechanics of trading. I liked his routine of weekend chart studies, and developing a trading plan based on price action, not his opinions or predictions. He shows readers
Review for Trading Options by Greg Harmon Read More »
Why do smart traders do dumb things? It is usually an issue with overwhelming emotions, and not intellect, when bad trades happen. Here are a few of the primary reasons that traders struggle. ~The biggest cause of trading a position size that is too big? It’s the greed of wanting the big win that makes
Why Traders Do Dumb Things Read More »
Early on, new traders will want to give up. Particularly when they figure out that the first few years are more about studying and paying tuition in losses, than in making money. Trading is a two-sided competition, and you have to be on the right side of the trade to make profits. Not only does
7 Reasons to Never Give Up Trading Read More »
Here are four trading books that are currently free on Amazon Kindle: BULLSH*T FREE GUIDE TO IRON CONDORS Kindle Edition Options Trading Successfully for Beginners Stock Trading: Tips for Trading Stocks FOREX Trading Simplified: Beginner’s Step-by-Step Guide
4 Free Trading Books on Amazon Kindle 6/22/15 Read More »
$SPY ran into one of the key 2015 resistance levels at $211.55 Friday. The stock market is still range-bound, with a 2.56% $SPY return in 2015. For the last two months, the dip buying zone has been $207 on $SPY. This market continues to be a swing trader’s market, with a lack of a breakout
10 Fast Facts About the $SPY Chart: 6/21/15 Read More »
How To Know Whether Emotions Affect Your Trading By Rolf @Tradeciety Greek Financial Crisis: Why Traders Should Tread Lightly On Opinions By Andrew Nyquist When Strengths Are Weaknesses And Weaknesses Are Strengths By Brett Steenbarger Uncertainty is not the same thing as risk By Seth Godin Hedge Fund Market Wizards by Jack Schwager
My 5 Favorite Trading Articles: 6/20/15 Read More »
