$SPY has held its all time high break out so this chart remains bullish long term. Short term $SPY is due for a pullback, the 10 day EMA is one high probability pullback area. $SPY has been in a tight $217.37 resistance and $216 support trading range for seven trading days. The MACD bullish cross is still in place. […]
Boring Bullish Spy Chart 7/24/16 Read More »
Here’s Why Setting A Stop Loss Is So Important Bezos Surpasses Buffett as World’s Second Richest Man August 15 1971 Changed The Course Of U.S. Economic History Interview With Jack Schwager: Masters in Business (Audio) Three Questions to Ask About Any Market
My Favorite Trading Articles: Week 7/23/16 Read More »
This is the top! (ht @ReformedBroker) pic.twitter.com/KI96kyWYFw — Brattle St. Capital (@BrattleStCap) July 22, 2016 "fear grips Wall Street as the S&P 500 plunges half-a-percent to levels not seen since last Friday" — StockCats (@StockCats) July 21, 2016 stocks are decoupling from:1) oil2) interest rates3) the Dollar4) reality — StockCats (@StockCats) July 20, 2016 This
Top Trading Tweets of the Week: 7/22/16 Read More »
I had a recent poll online where I asked traders: “What is the most important element for profitability in your trading?” They had four options. Was it entries? No, entries are not were money is made, it is in the exit with profits (13% votes). So exits are the most crucial? No, size of wins
The Most Important Element of Trading Read More »
Stop breaking your trading rules. Discipline is an edge. Stop trading such big position sizes. Risk management and self control is an edge. Stop trying to predict what will happen next and learn how to react to what is happening. Stop worrying about other’s trades and trade your own system. Stop thinking every dip will
A Stop List for Traders Read More »
Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. The reason for stop losses is to limit your losses when you are wrong so you cap your risk. Capping your risk makes it easier
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$SPY is currently breaking out of a range into a new long term uptrend. Markets do not go straight up so look for a trading range to develop here before another strong up leg for price to new all time highs. It is possible we spend next week under this all time high. 65.21 RSI
Short Term Top Near? $SPY Chart 7/17/16 Read More »
A detailed step by step analysis of Rolf @Tradciety’s 2 trades Stock Trading 101: Learn to Manage Risk with Position Sizing Stock Trading 101: It’s All About the Process Trading Psychology for the Experienced Trader .@TonyRobbins talks about personal finance, politics and strategy. #MondayMotivationhttps://t.co/fJP5vhXyid — Business Insider (@businessinsider) July 11, 2016
My Favorite Trading Articles: Week 7/16/16 Read More »
I get asked a lot how to perform a multi timeframe analysis. I am glad to see that Rolf at Tradeciety has created a great video that explains how to do this with a simple method. This video is from Rolf’s YouTube channel. Rolf is also on twitter.
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One of my all time favorite movies is Moneyball featuring Brad Pitt. What’s not to love? The movie is about how the general manager Billy Bean of the Oakland A’s turns his club on it’s head by using quantified principles to maximize the smaller budget that his team had to work with higher scoring output. Billy Bean hired
Applying Moneyball Principles to Trading Read More »
Matthew Kratter has written a great little book explaining the dynamics of momentum stocks and the best ways to trade and profit from IPOs. This short read gets to the point with no wasted words and can be read in one sitting. He explains the dynamics of supply and demand, market cap, breakouts, and moving
Rocket Stocks Book Review Read More »
The Brexit selloff was negated as we are now at higher prices than before the risk event happened. If Britain exiting the E.U. can’t bring down the market, what can? $SPY has room to go higher with a 60.44 RSI. $SPY had a short term breakout and is poised to breakout to new all time
Brexit, Smexit $SPY Chart Facts 7/10/16 Read More »
Dan Zanger’s 10 GOLDEN STOCK RULES Find the best trades every week by using a watchlist Control the mind and… Taking Your Trading to the Next Level What is a trading model?
My Favorite Blog Posts: Week 7/9/16 Read More »
7 UK property funds have halted redemptions. JP Morgan would approve. Here's how he stopped a run on the trust banks pic.twitter.com/V3wQsUq9Q0 — Downtown Josh Brown (@ReformedBroker) July 7, 2016 First time since Apr 2015 top call, 3 wks ago said breakout is coming. All prior visits have been scaled out, top of range. Not
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Warren Buffett became the richest man in the world through practicing his own edge in investing. Few can duplicate his process because it requires incredible discipline and patience and compounding of returns over decades. He also went from simply investing in stocks through his partnership when he was younger to acquiring whole companies through his holding
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“I define a mistake as not following your rules. … If you don’t have rules, everything you do is a mistake.” – Van Tharp If you do not have a quantified process for your trading that includes buy and sell signals with proper position sizing using a trading plan to execute a trading system then your trading
Beating Randomness in your Trading Read More »
Many people that are critical of active stock market operators and believe that winning traders and investors are more lucky than possessing of skill have not thought through what the long term winners have in common. The Trend Followers and Market Wizards profiled in best selling books are not simply due to survivor bias, they have a
Managing Risk is an Edge Read More »
$SPY is back to the price it was at before the Brexit ever happened. The market is still in an 18 month trading range on the verge of breaking out to new all time highs. If the Brexit can’t bring the market down what can? Rallying after bad news is bullish. We had a very high volume
The Brexit Never Happened $SPY Chart Read More »
The Insidious Nature Of Hindsight Investing When Stocks Give You Nothing Here’s What Financial Pundits Mean When They Say… Drawdowns – A Reality That Traders And Investors Face Confusion and Clarity in Trading
My Favorite Trading Articles: Week 7/2/16 Read More »
The S&P 500 BEFORE and AFTER Brexit. It’s almost retraced the entire down move: https://t.co/ducJQ0YWsO$SPY $ES_F pic.twitter.com/PDr3Emhj9e — StockTwits (@StockTwits) July 1, 2016 So that just happened$JPM $10.6 BILLION buyback$C 8.6 BILLION$BAC $5 BILLION$MS $3.5 BILLION$AXP $3.3 BILLIONhttps://t.co/v29YhyPGF0 — StockTwits (@StockTwits) June 29, 2016 Write this down and look at it every day …. Make
Top Trading Tweets of the Week: 7/1/16 Read More »