A trader’s best friends are risk management, a winning trading system, perseverance, self control, and passion. Here are a trader’s worst enemies: Stubbornness: Not cutting losses and sticking with trades that are not working. Arrogance: Believing that you are smarter than the majority of market participants for no apparent reason. Competence must come before confidence. […]
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This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. AK speaks with Tyler of Macro Ops all about the original growth stock strategy he traded markets with. This is a great
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“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese Proverb The biggest reason that the average person does not build wealth through participating in the stock market is that they simply never get started in the process. Most people know that they need to open
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Chart Courtesy of StockCharts.com $SPY has traded in a large range so far in 2018 but up slightly +1.94% year to date. $274 has acted as resistance last week. The 100 day SMA held as support last week. The trading range expanded as the ATR trended higher last week. The MACD is under a bearish
The $SPY Chart Range: 7/1/18 Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Last week the Dow Jones Industrial Average closed below the 200 day moving average for the first time since 2016. And
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“[The S&P 500 index] is the most historically reliable single metric of the US market over the past 140 years for both price and dividends. The early Dow 12 was too small and volatile to be a proxy for the broader US market, and the Dow of the past few decades also lacks sufficient diversification
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This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. The video above includes a segment of an interview I did with Tyler of Macro Ops. In it we discuss the reality
The Cold Truth About Professional Traders… Read More »
“I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.”– Tom Basso The financial markets are strange environments. Unexpected events commonly occur while the sure thing rarely happens. The best times to buy low is usually
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This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. It’s that time again. Here are the 3 stocks we’re looking at for July — Micron (MU), Intel (INTC), and Advanced Micro
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Trading Habit #14 “Successful trading is about consistently doing the difficult thing so often that it becomes second nature.” – Richard Weissman The easy trade is usually the losing trade. When a trader feels the most comfortable entering a trade to get on board a trend it is usually close to the end. It is
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Price traded below the 10 day ema for the last 4 trading days settling into a trading range. Last week traded on lower volume all week. Profit taking: Previous peak resistance continued to hold at $278 last week. Current short term support is $273.50. $SPY has traded around the 20 day EMA, finding some buyers
Profit Taking on the $SPY Chart 6/24/18 Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. In this video we’re going to discuss how Ray Dalio created his investment strategy and how you can use the same principles
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This is a Guest Post by Gary Spence, CEO of Yotta Laboratories. Blockchain was initially created to foster trust between online users and have them share highly confidential and valuable data in a secure platform. Blockchains are quite capable of defending themselves, using advanced mathematical algorithms and the latest security software to keep prying eyes from
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This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Google (GOOGL) recently invested $550 million into Chinese online retailer JD.com (JD). But what’s the reason for this? How does it benefit
Google Buys JD.COM!? Should You BUY NOW!? Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Tony Robbins, the famous motivational speaker, also gives trading advice? Yup. He’s the performance coach billionaire investors go to in
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Bitcoin possesses the same characteristics as money: durability, portability. acceptability, limited supply, divisibility, and uniformity. There is no commonly accepted physical coin that represents Bitcoin. Bitcoins can be converted to other currencies. No one person controls Bitcoin it exits on a Blockchain. Bitcoins are kept in software wallets. The maximum amount of Bitcoins will be
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This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. The 3 stocks our team is looking at in June are Facebook (FB), Google (GOOGL), and Amazon (AMZN). I know… they are
3 Top Rocket Stocks To Buy June 2018 Read More »
Chart Courtesy of StockCharts.com The 10 day ema was lost Friday but recovered by end of day to keep the short term uptrend in place. All moving average crossover signals are bullish with all short term moving averages over all long term moving averages. The short term trading range is $275.38 support with $278.23 resistance.
$SPY Chart: All Bulls, No Bears 6/17/18 Read More »
Trading Habit #8 Bull Markets have no long term resistance, and Bear Markets have no long term support. After a Bearish market environment many sellers and ‘weak hands’ get washed out of the market during the process of lower lows over a long period of time. During a 20% drop in prices into a bear
When Resistance and Support Do Not Matter Read More »
Here are fourteen common steps on the path to profitable trading. You start trading with a lack of knowledge, not even knowing the right questions to ask. Your trades and results are random. You lose money and learn that every trade is not going to be profitable. You try to follow gurus thinking they can
The Journey to Profitable Trading Read More »