Chart Courtesy of StockCharts.com 10 Fast Facts About the $SPY Chart The long term uptrend is still in place. $SPY is within striking distance of all time highs. The RSI still gives it room to run up. $SPY closed below the 5 day ema. Momentum is waning. The MACD is close to a bearish […]
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The 44 Most Common Trading Mistakes That You Probably Still Make Scarcity What I Learned About Risk-Taking From Playing Blackjack The ultimate guide to market emoji Notes from Van Tharp’s Peak Performance Course: Volume 1 Inflation Adjusted Stock Market Returns At Historic Juncture
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Trading Tweets of the Week 2/27/15 Sometimes no position is the best position. A compulsion to trade leads to disaster. — Peter Brandt (@PeterLBrandt) February 2, 2015 How to ride a trend 1/ Believe it 2/ Small position size 3/ Use stops that mean something 4/ Hold on tight cause its never easy — DK1
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I have been aggressively long the $SPY and $QQQ using leveraged ETFs since they both broke above the 50 day sma. I also took $IWM long at the break out to all time highs. I have been holding $SPXL $TQQQ $TNA & $SPY for great returns on capital in February. I am still very bullish
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The Costly Dangers New Traders Face: The bid/ask spread on some illiquid options and penny stocks can be very expensive. Never let it be too expensive to get in and out of a trade because of the slippage in the trading vehicle. Penny stocks: they’re dangerous. Period. High commission fees can eat away at your trading
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At all time highs all holders are profitable. There is little fear to drive them to sell. There is no selling pressure on the holders of current positions so they tend not to sell. With the majority sitting on their current positions short sellers tend to be the primary ones selling. Short sellers are forced
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All time highs have been held through all the Greece headlines, this is bullish so far. The old all time high at $209 will be our first level of support as people that missed the breakout will likely be waiting there for a second chance to get in. The previous all time at $207
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Quotable Quotes from Ed Seykota Market Masters: Why Emotional Intelligence Gives Investors An Edge Blair Hull – Getting the Edge: Blackjack and the S&P 500 Best Practices in Trading: Scenario-Based Preparation Why Do You Trade? Who Loses The Most In Trading?
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Don't know about you but I'm all greeked out… — Northy (@NorthmanTrader) February 20, 2015 Greece's euro zone bail-out negotiations are steeped in tension and mistrust http://t.co/VzRWgYyy6H https://t.co/BpwbeEeeFp — The Economist (@TheEconomist) February 19, 2015 pic.twitter.com/z0jNAcmpoy — JE$US (@WallStJesus) February 16, 2015 Apple's iCar radio only plays U2. — Mike Valletutti, CTA (@marketmodel) February 14, 2015
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“We learned just to go with the chart. Why work when Mr. Market can do it for you?” – Paul Tudor Jones Only price pays. In trading, emotions and egos are expensive collaborators. Our goal as traders is to capture price moves inside our time frame, while limiting our drawdowns in capital. The
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