chart courtesy of stockcharts.com The long term up trend is still in place. All indexes are with-in striking distance of all time highs which remains bullish. $SPY $QQQ $IWM $DIA With all stock indexes pushing against the 70 RSI on the daily chart the potential upside is very limited putting the odds on limited momentum […]
$SPY Chart With 10 Facts 11/16/14 Read More »
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
My Simple and Effective $TQQQ Trade Read More »
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
10 Facts About the $SPY Chart- 11/2/14 Read More »
A breakout into an overbought price level as measured in the historical context of an oscillator. This is almost always a bad trade. $SPY breaking out into a 65 RSI is not the same as it breaking out of a long term price range, to all time highs over a 50 RSI. Buying a breakout
Breakouts: When To Buy Read More »
20 Reasons Why 90% of New Traders Don’t Make It They risk too much to try to make so little. They trade with the probabilities against them. They think trading is easy money. Instead of focusing on learning how to trade they focus on getting rich. They blow up due to improper position sizing. With
20 Reasons 90% Don’t Make It Trading Read More »
While $SPY ended 2013 with an over 32% annual return and seemed to keep going up day after day with buying the dip as the name of the game last year. While ‘the dip” moved around to the 10 day SMA, the 21 day EMA, the 50 day SMA, even the 100 day simple moving
The $SPY Chart’s Biggest Technical Resistance Level Read More »
The following titles can be searched on this website for the article by the same name. Advice for New Traders The Top 10 Questions Traders must ask to Protect Them from Themselves. Surviving the Trading Game The Perfect Trader The Five Most Important Questions an Option Trader Better Know. How to trade in 3D 10
The Bear- This trading animal believes the market will be going down and plays the short side. Bears think that a market is going to be very red. The Bull- This trading animal is very optimistic that the market will be green. Bulls love to buy and believe their screen will be full of
Ten Types of Trading Animals Read More »
In trading, the money is not made in the entry, it is in the exit. The art of the exit is crucial to a trader’s success in the markets. Profits can disappear if you do not take them at the right time, and small losses can become huge losses if you do not cut them
7 Good Ways To Exit a Trade Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. Their signals are generally entering out of greed and exiting based on their own fear. They believe in their opinions more than the
Are You A Subjective or Objective Trader? Read More »
