Are you trading without a plan? Trading without a plan makes you emotional and a gambler. Do you ever trade too big for your trading account size? Big trades are bad trades for the emotional engagement and risk of ruin that they entail over the long term. Do you risk losing more if you […]
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In the past year the 30 RSI indicator has been the bounce zone for the Russell 2000. Even when this level is lost it has been recovered by the end of the day in the majority of incidences. This is the bounce zone from a technical standpoint. This also still correlates with recent low prices
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The market did finally bounce intra-day near the 30 RSI Thursday it was quick and violent and sent shorts covering. This indicated we were still in a long term up trend and buy the dip was still alive. Thursday also provide a strong reversal candle showing selling was exhausted and buyers were back in
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Guest blog: decisions for success The Competition is Lazy How To Be A Lucky Trader 11 Ways To Be Remarkably Average https://www.youtube.com/watch?v=O7cpNdyku6E&feature=youtu.be&list=PLC5042C649CE7FFB3
Five Great Trading Links For Weekend Reading 10/4/14 Read More »
stealing this. RT @JustinWolfers: The problem with the joke about the Efficient Markets Hypothesis is that I assume you've already heard it. — Downtown Josh Brown (@ReformedBroker) October 1, 2014 @SJosephBurns yesterday lol pic.twitter.com/WuosRLW0NR — Mella (@Mella_TA) October 3, 2014 I feel like its time for me to break out the old "If your
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Are you guilty of one of the cardinal sins of trading? Hubris: A foolish amount of pride or overconfidence. No matter how good of a trader you think you are, the market is always bigger. You will not win an argument with its price action no matter what. Fear: Cutting winners short because
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Here are ten quick and easy steps to making sure your trade has the best chance of being a winner: Your trade entry must be at a price level that gives you either a high probability profit potential or a great risk/reward ratio. You must identify where price has to go to prove you are
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The 50 day held on the $INDU chart Thursday showing big cap buyers were present at this key line in the sand. $QQQ held the 50 day on Thursday but found resistance at the 21 day ema Friday. $SPY lost the 50 day on Thursday and found resistance at the 21 day on
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Iron Rules of Money Eight Things I Learned from Peter Thiel’s Zero To One Prioritize Your Goals with Warren Buffett’s Two-List System Interview With Ted Hayes, Ph.D., Part One: The Two Drivers of Elite Performance Interview With Ted Hayes, Ph.D., Part Two: A Surprising Finding About the Development of Trading Performance
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Timeless tweet RT @michaelbatnick: "I don't trust this move" Guy who sold out of everything yesterday — Jon Boorman, CMT (@JBoorman) September 26, 2014 And if my Aunt had balls she'd be my Uncle RT @MarketWatch: If it wasn't for Nike, Dow futures would be negative http://t.co/W8dP1tfTp0 — Jon Boorman, CMT (@JBoorman) September 26,
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One big market down days we can really see who is managing risk and who isn’t. Always remember if you have big winning days and trades that are disproportionally large percentage wise then the odds are that you are also exposed to the downside risk of an equal magnitude. Here are five quick tips
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Here are five quick trading tips that could increase your odds of profitability a great deal. Five Quick Trading Tips In up trends you should be primarily buying dips and in down trends you should be primarily shorting into strength. When you are buying a dip or selling short into an extended up
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1. Good trades are generally winners from the very start. 2. Good trades do not take a lot of thinking about; they are triggered through robust entry signals. 3. Good trades aren’t really stressful. With the right position sizing and entry level it should not cause high stress but instead confidence in your
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The long term stock market up trend is still firmly in place. All time highs still being within striking distance is still a bullish sign. Quadruple witching caused much of the volatility Friday as traders settled contracts across markets. The 5 day ema being broken
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Finding Opportunity Means Taking Shots: Same for Football, Same for Trend Following Introductory RSI Post Darvas Box, a classic breakout system, and its tweaks Johnny Chan teaches trading How Did ‘Sell in May and Go Away’ Work This Summer?
5 Great Trading Articles For Weekend Reading 9/20/14 Read More »
$BABA opens for trading. Worth roughly the same as Walmart. pic.twitter.com/vXeyLBXMqL – DAVID FABER (@davidfaber) September 19, 2014 Sold 3 of my children this morning to make room for the $BABA IPO. — Joseph Fahmy (@jfahmy) September 19, 2014 BREAKING: Yellen says cut bond-buying program to make room for Alibaba IPO — Jon Boorman,
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Over trading is when a trader takes a trade based on fear, greed, desperation, or ego instead of a valid entry signal. Over trading is due mostly to wanting to be profitable so bad that impulses are driving decisions instead of a trading plan. If a trader has an edge over the markets then
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A big part of trading is to stop doing the wrong things. Even if you do the right things and don’t stop doing the wrongs things you will not be profitable in the long term. Doing the right things as a trader can make you money but doing the wrong things can lose you even
A Trader’s Stop List To Get to Profitability Read More »
Instead of profiting from one of the greatest bull markets of all time perma-bears waste this opportunity with these excuses: 10 Things Stubborn Bears Say In Bull Market It just can’t go any higher. “It is due for a pullback.” “All time highs? That’s bearish.”
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Ten Things That Are Expensive For Traders. Egos. Emotions. Not respecting the mathematical risk of ruin. Gurus. Television. Trading without a methodology. Trading with no trading plan. Stubbornness. Trading without a stop loss. Trend fighting in your time frame. Over trading. Taking bad entry set ups. Copying someones trades with no knowledge of their position
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