Bullish on $BABA
The New Trading for a Living: Review
I first read the original version of this book over eight years ago, and it was the book that finally gave me the overall structure I needed to understand all the dynamics of trading. I have read hundreds of trading books, and this one still stands head and shoulders above the rest. It explains how
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10 Fast Facts About the $SPY Chart
The long term and short term up trends are both currently in place with signs of slowing. $IWM and $QQQ index ETFs both spent last week forming a new high price base range that is bullish. The risk/reward ratio is shifting against the bulls after this fast run so far from the ‘V’
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5 Great Trading Articles 11/8/14
Following the Path of Least Resistance Richard Rhodes’ Trading Rules Thirty Second Course on Asset Allocation There Are 8 Indispensable Elements of Real Wealth and 7 Aren’t Money The Contrarian (Sociopathic) Mindset
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Trading Tweets of the Week 11/7/14
@SJosephBurns the inches between your ears — John (@john_turnipseed) November 6, 2014 @SJosephBurns @ChrisGrobbel @RobInTheBlack It’s called the SAMPAP pattern: Screw As Many People As Possible — Northy (@NorthmanTrader) November 5, 2014 Pretend your entire portfolio was oil stocks for the last month, that’s what 2008 felt like — D Robertson (@IncomeTrader) November 4, 2014
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The Beatitudes For Traders
Blessed are the humble traders, for they will cut their losses. Blessed are those who hate to lose capital, for they will be not become too greedy. Blessed are the disciplined traders, for they will be profitable. Blessed are those who hunger and thirst for trading knowledge, for they will learn what really
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Jesse Livermore’s 21 Trading Rules
1. Nothing new ever occurs in the business of speculating or investing in securities and commodities. 2. Money cannot consistently be made trading every day or every week during the year. 3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion. 4. Markets are never
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My Simple and Effective $TQQQ Trade
I entered $TQQQ at $83.13 based on the $QQQ chart as it broke above the 50 day sma. This has been a profitable buy signal over the past 4 years. My stop was a close below the 50 day sma. With the first gap and go I moved my stop to a close below
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10 Facts About the $SPY Chart- 11/2/14
Charts courtesy of stockcharts.com and @361Capital These are the kinds of charts that can trick so many because the only selling pressure at all time highs is the pressure to take profits. The longs aren’t being stopped out for losses if they are placed correctly outside the normal intra-day price noise. The pressure
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Articles For Weekend Reading 11/1/14
20 Mind-Boggling Facts About High Frequency Trading (Infographic) Optimizing your mental trading system Survivorship Bias: Trend Following Clarification The Secrets I Learned from Jesse Livermore Warren Buffett’s 5-Step Process for Prioritizing True Success (and Why Most People Never Do It)
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