A trend trader’s goal is to systematically ride the waves in price action for as far as they will go. There are two different types of traders: discretionary traders and systematic traders. Discretionary Traders… Will attempt to trade the flow of information, like the news. They are trying to anticipate what the market will do. […]
Systematic Trading 101 Read More »
SPY remains bullish near all time highs and above all key moving averages. The 10 day EMA has stopped being intra-day support leading to more of a range bound market than one in a sharp up trend day after day. Opening low and down and finishing higher is bullish. During downtrends the market generally opens
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I really enjoy the study of economics and believe in the principles of free markets and supply and demand. I was very excited to see a book that combined what I fully understand: “economics” with what I can have difficulty understanding: “my wife”. I was not disappointed. I loved reading this book and think I
The Economics of Marriage Read More »
When I see a chart that jumps out at me it sometimes triggers me to say “All Aboard” resulting in my Wife thinking I need Psyche help #trading — CtheLightTrading (@canuck2usa) November 10, 2017 Make the most of your failures!@TonyRobbins and I discuss how to do that here. pic.twitter.com/0AgSwUxjRa — Ray Dalio (@RayDalio) November
Top Trading Tweets: Week 11/10/2017 Read More »
We can’t trade in the past or in the future all we have is the ever present now and our signals. We have to trade in the now because the past is gone and the future is unknowable. To really be a great trader we have to get comfortable with being uncomfortable. We have to
Managing The Uncertainty in Trading Read More »
“If you think education is expensive-try ignorance.” – Derek Bok In Buddhism, there are two types of enlightenment, known as Satori and Kensho. These forms of insight happen in different ways, largely based on the time spent achieving awakening. Satori occurs almost instantaneously, creating an immediate shift in perception of a personal reality. When someone becomes
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This is a Guest Post by Alex @MacroOps which was posted originally here: The Bitcoin Bubble: A $6,000 Pokémon Card and is reposted here with permission. On May 22nd 2010, computer programmer Laszlo Hanyecz ordered two Papa John’s pizzas. They were Hawaiian style. He paid $60,000,000. According to Laszlo, they were your typical Papa John’s, and
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This is a guest post by TradeGoldOnline. The key to any successful investment strategy is knowing the delicate balance between your comfort level and risk against a specified time horizon. The balance you strike against risk and reward will determine the type of portfolio you’ll have. Those who start investing at an early age can
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The bullish signal of new all time highs continue. Price is bullishly over all moving averages. The 10 day EMA has been a key short term support level. The RSI at 70.66 shows the momentum to trend through overbought price levels. The RSI over 70 has been a momentum signal since November of 2016 in
10 Fast $SPY Chart Signals: 11/5/17 Read More »
Greed can push prices far above any reasonable fundamental valuation. Fear can take prices lower than investors would have thought possible. Trend traders make money in the markets not because they predict anything but because they buy what is going up and they sell what is going down. They discover ways to measure and react
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No trading system will be profitable long term without the right risk management. In the twenty-first century it has become fashionable to manage one’s own investments, yet few traders implement disciplined, professional money management strategies. During the stock market Dotcom bubble, limiting risk was an afterthought, but after the 2008-2009 meltdown, it showed many investors
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The minority of people who win generally do six things differently than the majority of people that don’t. Here are my opinions of what winners do differently. Most successful people tend to wake up early because they can’t wait to get to work on their passion and vision. People that tend to love to sleep
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Risk and volatility are two very different concepts. Volatility is the up and down nature of markets. If your trading strategy expects the markets to move up and down, as markets often do, then you must be ready to deal with volatility each and every day. Markets trend from high volatility to low volatility and
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There’s a lot.. but one the worst things is have too much success too early and get overconfident. — Drew Marshall (@DrewDoesBiz) October 31, 2017 Believe the macro bear is making the same trades he’s preaching. — Graydon Britton (@graydonbritton) October 31, 2017 Buy DRYS — Rjwalz (@Rjwalz666) October 31, 2017 Sell naked call options.
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Trading when the odds are in your favor is trend following. Trading with the odds against you is gambling. Many of the same people that think trading is gambling or that the options, futures, and stock market are too risky are the same that will not hesitate to buy a Powerball ticket, scratch of f
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$SPY is at all time highs, there is no greater bullish signal than this the majority of the time. Friday made new all time highs on good volume. $SPY price is in an up trend and over every moving average. Near term support in$254. Last weeks dips were bought very quickly intra-day showing eager buyers.
10 Signals on the $SPY Chart: 10/29/17 Read More »
A good trade is one where you followed your process regardless of whether you made money or not. A bad trade is one where you didn’t follow your process regardless of whether you lost money or not. Amateur traders make one big mistake at the beginning. They get all wrapped up in their trading results
Process versus Outcome Read More »
This is a guest from Jeff who is on twitter at @TSXtrad3r. This post originally appeared as the post: Poker vs Day Trading Stocks on www.livestreamtrading.com and is posted here with permission. Critical decision making under pressure. Problem solving. Risk vs reward. Discipline. Bankroll management. Strategy. These are all things that relate to poker and day trading,
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This is a Guest Post by Alex @MacroOps which was posted originally here: Hedge Fund Manager Mark Sellers On Becoming A Great Investor and is reposted here with permission. This is a killer talk I came across from Hedge Fund manager Mark Sellers, speaking to some Harvard MBA kids on what it takes to make it
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here at Bullish Engulfing and Bearish Engulfing- Probably The Best Price Action Candlestick Patterns Bullish engulfing, as well as, bearish engulfing are two of the most powerful price action candlestick patterns. I have mentioned them briefly in
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