Michael Covel has written an easy to read and understand book entitled “Trend Commandments: Trading for Exceptional Returns” FT Press, that condenses and explains the principles of successful trend followers. This book is based on the author’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Paul Tudor Jones, the […]
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This post originally appeared in the Student Forum on www.NewTraderU.com. Thank you Salman for letting me share it with my blog readers. Guest Post by: Salman Merchant These are my two cents, and since I’m only a novice trader I can only speak from intuition: Since there are a great number of strategies and trade
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I am flat coming into today. No positions. — Steve Burns (@SJosephBurns) March 25, 2015 Monday and Tuesday warned me to exit my long positions with a failure to make higher highs and then Tuesday with a close below the previous days low of day. I went to cash on Tuesday. The bears put
10 Facts about the $SPY Chart 3/29/15 Read More »
Much Ado About IPO Lockup Expirations: Data and Stats Why Courage is Key to Trading Success 6 Things That Separate The Pro From The Amateur Trader That You Can Change Right Now The 22 Rules of Trading of @gtotoy The History and Rationale of the Broadening Formation https://www.youtube.com/watch?v=83qFdyTgnds
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@SJosephBurns are you quoting from a woman's guide to one night stands again? — Northy (@NorthmanTrader) March 24, 2015 @zerohedge Fidelity's "contrarian" fund loves Apple, Facebook, and biotech. Someone give Danoff a copy of Merriam-Webster. — Mike A. (@ThePauper1) March 24, 2015 Eliminate emotion by setting a plan BEFORE u enter a trade. Plan
Top Tweets of the Week: 3/27/15 Read More »
The Most Popular Forex Companies on the Web Popular Forex Companies Find out the rankings of each Forex company website based on their: Google Rankings Website Refferals Website Trust Social media shares and more.
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The Psychology of Trading: Tools and Techniques for Minding the Markets Author Brett Steenbarger has done a great job with this book. He covers what I personally believe is the most important element in trading: psychology. New traders will probably not last through their first year in the markets without blowing up their accounts by
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The difference between traders that rely on their instincts and chart reading abilities and those who are pure system traders. Discretionary Traders… …trade information flow. …are trying to anticipate what the market will do. …are subjective; they read their own opinions and past experiences into the current market action. …trade what they want and have
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The Three Skills of Top Trading: Behavioral Systems Building, Pattern Recognition, and Mental State Management by Hank Pruden shows how traders must learn to combine three crucial skills in the markets to become a top trader. Pattern Recognition and Discretionary Trading The author uses the Wyckoff method to show chart representations of how hot stocks are
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Next resistance level is all time highs at $212.97 there is a high probablity we get there next week. The RSI is bullish and there is room to get back to all time highs without becoming over extended. $SPY had a bullish MACD crossover on Friday. All near term support lines held last week.
10 Facts about the $SPY Chart: 3/22/15 Read More »