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Guest post from trader Charles King: There are only a few “guarantees” in trading. They are as follows:1. You will lose money.2. You may pick a bottom or a top once or twice, but you won’t hang on through the whipsaws enough to make any decent profit, and your losses will always outweigh your
Ten Inevitable Steps Traders Will Go Through Before Success Read More »
Guest Post by Christopher Ebert @OptionScientist I personally don’t believe in the “max. pain” theory of pinning, seeing it as an illusion instead. Here’s why:Except for a very few traders who are using ITM options as a means of entering or exiting a stock trade, everyone else has generally exited their ITM options prior to
Open Interest Effects On Expiration Price Pinning Read More »
Friday bounces back above all key support levels. $QQQ 5 day ema, $SPY 50 day, $IWM 200 day, and $DIA over the 100 day. By the end of the day the support did hold. Buyers stepped in to buy even after all the geopolitical risk escalated on the Ukraine news about the destroying of a
10 Fast Facts About the Current Stock Market Read More »
The Ability To Focus And Make The Best Move When There Are No Good Moves Following the Trend by Andreas F. Clenow “The untrained mind will usually take the path of least resistance.” An Honest Stock Market Update Best Practices in Trading With Dr. Brett Steenbarger
5 Great Trading Links For Weekend Reading 8/16/2014 Read More »
Markets are just as much about price as they are about psychology, one must infuse both into a tasty cocktail to be successful. — TakingStock614 (@takingstock614) August 15, 2014 Any YouTube clip evidence of anything yet? — zerohedge (@zerohedge) August 15, 2014 Farley golden rule #1 (from 1998) : “Forget the news, remember the chart.
Top Trading Tweets of the Week 8/15/14 Read More »
NEVER add to a losing trade, look to get out of it not to make it a bigger loss. Never allow a big winning trade to turn into a big losing trade. Trade price action using your trading plan, don’t try to trade the news, opinions, or your own fear or greed. If a gap
Ten Fast & Effective Trading Principles Read More »
Trading is not all math. It’s not just a system you plug into a chart or a path to easy money; you are going to have to earn it. If you do get lucky and make some quick money, you will eventually give it back to its rightful owners. Trading is a business that
So You Want To Be A Trader? Read More »
YOUR EGO: It wants you to PROVE you are right, it wants you to trade big, the ego wants you to be confident in your ability to trade before you are competent in your trading through the right education and experience. YOUR FEARS: Fear makes you afraid
Five Of The Obstacles To Profitable Trading Read More »
If the stock market is in an up trend trade primarily on the long side and in a down trend short rallies primarily. The best way to lose money in the stock market is to fight the prevailing trend. Do not trade without a detailed trading plan covering entries, exits, position sizing, maximum positions
12 Simple Trading Principles That Lead to Profitability Read More »