To be a profitable trader you must overcome these ten things: You must beat the market benchmark you are competing against or you might was well just buy and hold that index. You must beat your emotions by following a trading plan. You must beat your ego by taking losses early when you are proven […]
10 Things a Trader has to Beat Read More »
$SPY has been inside a trading range since December 9th with $224 support and $227 resistance. $SPY remains in a long term uptrend. With VIX at 11.23 we are in a very low volatility market making it difficult to make money swing trading or trend trading. This is a day traders market. Historically volatility can’t get much
10 $SPY Chart Facts: 1/16/17 Read More »
There are no perfect entries: Breakout may be false Pullback may never come “Confirmation” may be late Faster you accept, faster you learn — Rayner Teo (@Rayner_Teo) January 14, 2017 A casino doesn’t make money by predicting. They manage their risk and let their edge play out. And it’s the same for trading. — Rayner
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10 Things You Can’t Learn From a Backtest On adding value through return asymmetry — MUST READ. Asymmetry is a commonality among great investors Market Wizard Ed Seykota showed him what the real “Holy Grail” to Trading is Seems like this is one of the hardest things to do as an investor
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The following is a guest post by Adam Beaty of Bullogic http://www.TheBullogic.com) andThe Option Prophet (http://www.TheOptionProphet.com). Should You Trade As A Business? You may not be in the business of trading but that doesn’t mean you shouldn’t start a company to make all your trades under. Even as a hobby, there can be a lot
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This is a Guest Post by Alex @MacroOps which was originally posted here Lessons From a Trading Great: Ray Dalio . Ray Dalio is the founder of Bridgewater. Two years ago, Bridgewater surpassed Soros’ Quantum fund for the title of most profitable hedge fund of all time; returning over $46 billion since inception. In your
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If someone was ready to start trading and had a basic understanding of the markets and asked me for some of my best advice on how they could make money as a trader, this is what I would tell them. Understand that trading is like any other professional endeavor, you will be monetarily rewarded based on the
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A trading plan expresses specifically how you will execute your trading system in real time with real money. Here are the 10 dynamics that go into creating a trading plan. Entry signal: What price action parameters or technical signals will cause you to enter a trade? How will exit your trade if it is a
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Here is an great video put together by Trend Following Author Michael Covel covering the winning principles used by the world’s greatest traders. These are not theories or opinions these are the common principles used by these rich traders. This is the kind of video where the viewer may get that aha! moment and then truly
25 Trend Trading Commandments Read More »
This market index changed from accumulation to just being traded back and forth since December 9th. The trading range since December 9th has been support at $222.73 while resistance has been near all time highs at $227.75. The long term uptrend is still up as it tried to break out to the upside again Friday.
The $SPY Chart Trading Range: 1/8/17 Read More »
Lessons from a Legendary Short Seller If You’re So Smart, Why Aren’t You Rich? Investment, Economics, and Finance Calculators & Visualizations Links
My Favorite Trading Articles: Week 1/7/17 Read More »
Yep. The Dow hit 19,999.63 and then… https://t.co/CmLDvtyNua$DJIA $DIA pic.twitter.com/i9s5ZkO2C2 — StockTwits (@StockTwits) January 6, 2017 Netflix is up 10,793% SINCE its 2002 IPO ? It just closed at $131.81/share. That's an all-time closing high: https://t.co/8mWv3qPTcj$NFLX pic.twitter.com/VmzoSbd7y4 — StockTwits (@StockTwits) January 5, 2017 if we don't hit Dow 20k today after all that hype,
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Here are the top personal finance rules that could change your long term success and allow you to end up with a high net worth instead of being deeply in debt, living paycheck to paycheck, and always feeling financial pressure. These are more behavioral than mathematical in most cases. Self control, patience, and consistency are your top tools
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How you manage your trade will significantly impact your success as a trader and your profitability. Trades are not as simple as getting a hot tip and then buying. The entry, the exit, the discipline, and the risk management have to all converge for success in trading. Mismanaging a step in your trading process will
Trade Management 101 Read More »
Here are the required reading recommendations by Larry @LMT978 that can create the foundation of your trading library. Larry lead in my online poll as the most helpful trader on twitter up until the last few hours. He has studied trend following for many years and I actually knew him from Facebook before twitter and he has
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10 Price Action Trading Tips You Can Learn in 10 Minutes 418 Likes The 5th Annual Most Helpful Trader on Twitter Poll – 2016 302 Likes How to be a Profitable Trader in 180 Days 228 Likes The 7 Most Important Money Decisions of Your Life 104 Likes The 5 Holy Grails of Trading 70
My Top Blog Posts of 2016 Read More »
Long term the $SPY chart is still in an uptrend. $SPY remains within striking distance of all time highs in price. But needs price consolidation and a pullback before it can really go higher. The odds of success favor buying pullbacks. In the short term $SPY is on the wrong side of the 10 day
Three $SPY Dip Buy Levels 1/2/17 Read More »
With more than 5,000 votes cast in our annual poll, the results are in! Congratulations to this year’s winner of the Most Helpful Trader on Twitter poll- @Alsabogal! And what a photo-finish, edging out @LMT978 by just two votes! And rounding out the top three was @ACInvestorBlog. Below you can see a list of the
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6 of the 17 highest volume stocks that crossed over and closed over the 200d today were Gold Miners. — LMT978 (@LMT978) December 30, 2016 I have absolutely no views or predictions about stocks, bonds, gold, any of it. I don't make market calls. I just trade lines on a screen. — LMT978 (@LMT978) December
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3 Lessons I Got From A Proprietary Trading Firm Founder & Trader This is a guest post from Etienne Crete @DesireToTrade. For years, I have been passionate about trading. It is a discipline that is generally unknown by a lot of people and seen as mysterious by many. Nevertheless, I gave it a try three years
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