A big thing that trips up new traders is they get an entry signal at a breakout or a bounce off a key moving average like the 50 day simple moving average but have trouble quantifying how to let the it run if it is a winner or cut the loser shor... Read more
The 7 Expensive Bad Habits of New Traders Trading with no stop losses. You can’t control your profits but you can control and limit your losses with a planned exit. Not having an exit plan can be... Read more
SPY has closed above the 5 day ema for eight straight days, The 50 day was broken through to the upside and has held. The 10 day was broken and price moved with momentum far above the 10 day line. Eight out of nine straight trading days... Read more
I have been fortunate to have had a great string of success trading over the past decade from 2003-2013.... Read more
Each stock is different with how it reacts to support and resistance levels and what what moving average support it gets in an up trend. Facebook has not been an overly powerful momentum stock, the chart looks like one under steady instit... Read more
