There are many things traders and investors should be thankful for this Thanksgiving. Let’s stop for a second and count our blessings, because surely stock market operators of the past would be envious of our access to trading tools and market environments. Everyone has access to low discount broker commissions. You can trade for less […]
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A profitable stock trader’s success is not based on picking the right stock at the right time. There are dynamics that determine success other than entries and picks. Millionaires aren’t created because they have a magic system for trading through all market environments. There are a couple of things that influence profitable trading, and they
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This is a Guest Post by [email protected] Top 10 Forex Trading Tips for the Beginners Part 2 We discussed the top 5 ideal trading habits into our part 1; now let’s discuss part 2 where I’ll be focusing on smart habits, those you need to master to get the maximum benefit from your trading. They
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This is a Guest Post by [email protected] Top 10 Forex Trading Tips for the Beginners Part 1 There is a brutal truth and an old saying in Wall Street, which is “Bulls make money, bears make money and pigs get slaughtered” Institutional traders, Banks and even regulated retail brokers ( both the MM or ECN
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Price remains near all times high. Price is above all key moving averages. $SPY is beginning to transition from an uptrend to a trading range with $255.63 as support and all time highs is resistance. The 10 day EMA failed to hold as end of day support last week as the market began to go
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Here are seven pieces I would give to my younger self if I could travel back in time 25 years. Slow down, you don’t have to be in a rush to put real money at risk. The market isn’t going anywhere. Read plenty of trading books before starting to trade. It is money well spent
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ICYMI: After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering https://t.co/t1knQTHtc3 — zerohedge (@zerohedge) November 17, 2017 “If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.” —John Maynard Keynes — Shane Parrish (@farnamstreet) November
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Here are the seven most common errors traders make in a bull market. They wait for a correction to get long that never happens. So they end up missing a big part of the up trend. They do not get long with a big enough position size or enough leverage so they end up underperforming
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$AMZN has almost no stores ?$Uber owns almost no cars ?$FB creates no content ✏️$BABA has no inventory ?$AirBnB owns no real estate ? Bitcoin has no physical coins ? — Stephen Burns (@SJosephBurns) November 10, 2017 A lot of the biggest and most bullish companies in the world connect buyers with sellers. These new
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This is a Guest Post by Alex @MacroOps which was posted originally here: Lessons From A Trading Great: Ed Thorp and is reposted here with permission. Ed Thorp, the father of quant investing, might be the most impressive market wizard. He turned seemingly random processes into predictable events, transforming the art of speculation into a science
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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.
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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
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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
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“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
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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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