This kind of market chews up pos traders. I know it sounds repetitive but being patient can NOT be over stated. Been here so many times. — Assad Tannous (@AsennaWealth) February 3, 2016 Been trading for 25 yrs & not trading is the only aspect of trading I still struggle with. Alternative is to lose […]
Top Trading Tweets: 2/5/16 Read More »
Here are five of the most important trading habits for a trader to integrate into their day-to-day entry and exit decisions. If your trading plan has rules that cover these principles, then you must follow them long enough so they become habits. Always choose a price level that will prove your trade entry was wrong and set a
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At times, markets have nice price trends where being long or short for days or weeks will lead to profitability. These are the markets that most new traders make money in by having a bias and holding onto that belief. This usually doesn’t end well because they are unable to understand when the trend is changing. Other markets
Playing Defense in a Tough Market Read More »
A common misunderstanding among new option traders is that 90% of all options expire as worthless, so a seller of option premiums will have a higher win rate than a trader that buys options. This belief doesn’t take into account a statistic published by the Chicago Board Options Exchange (CBOE) that only 10% of option contracts are actually held until expiration and
Does Selling Option Premium Give You an Edge? Read More »
The market loved the surprising move by the Bank of Japan going to negative rates on Friday. This was the catalyst for the Friday move forcing short sellers to cover and momentum traders to chase the move. $SPY had a MACD bullish crossover on Thursday before the huge up day Friday. The 10 day EMA
Bulls Take the Wheel: SPY Chart 1/31/16 Read More »
Trading is a dual major in liberal arts and math Dallas Fed “Responds” To Zero Hedge FOIA Request The Best Trading Strategy for Trading Trend and Range Weekend Market Commentary 1/29/2016 – $RUT, $RVX, $SPX, $VIX, $VXV via @ThetaTrend How to manage risk as a trader. Become a professional risk manager
My Favorite Trading Articles: Week 1/30/16 Read More »
Hell of a week and what a month!!!This year will challenge all of us & our psychology to the max.Process & discipline are key. — Northy (@NorthmanTrader) January 29, 2016 I sincerely hope Dennis Gartman never proclaims the world to be safe from asteroids. — Northy (@NorthmanTrader) January 27, 2016 So many predictions, so much
Trading Tweets of the Week:1/29/16 Read More »
Technological advancements like the iPhone cause traditional products. Even retailers like Amazon are over-trading platforms that connect directly to consumers and are displacing companies and even entire industries. Here is a list of things that are going away: Brick and mortar retailers: Amazon has already rendered bookstores and electronic stores obsolete, and they are now working on
12 Dying Industries Read More »
This is a guest post by Dan Neagoy @ThetaTrend. Dan is the founder of Theta Trend a site devoted to helping retail traders become consistently profitable options income traders. Put 75%+ Odds In Your Favor – How To Increase Your Probability of Success With Options One of the biggest challenges newer traders face is finding a
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Traders may be waiting for the market to settle down and give them more clarity about the trend. For the moving average to hold, for volatility to decrease, for the economic numbers to be more positive, for oil prices to find a range, for your bad luck with entries to end…. The reality is, the market action will NEVER give you the perfect time. That right moment for entry never
Good Trades are Never Easy Read More »
Let me guess. You’re into trading because you want financial freedom, to make lots of money, and to fire your boss. You learn everything you can get your hands on. Trading books, courses, forums etc. 1 year has passed… 2 years have passed… 3 years have passed… And you’re still not profitable. The bad news
How to be a Profitable Trader in 180 Days Read More »
$SPY broke out over the 5 day EMA Friday. This shows short term momentum out of the downtrend. This is an early bull signal, but only the first. The 5 Day EMA held as support Friday. This level needs to hold to confirm this is a short term reversal. Friday’s up day was on lower volume than
First Bullish Baby Steps $SPY Chart 1/24/16 Read More »
The Truth About Trading For A Living (Tips for people getting started) Boost Your Trading Performance by Objectively Grading Trades and Days Using A Market Crisis To Find Ways To Improve Your Trading The illusion of control and having a winner after a winner – things traders don’t know Some Corrections Turn into Bear Markets
Top Trading Articles of the Week: 1/23/16 Read More »
No truth to this @zerohedge story. The Dallas Fed does not issue such guidance to banks. https://t.co/rmE3Zul3PM — Dallas Fed (@DallasFed) January 18, 2016 those who took the opposite of Goldman's Top Trades for 2016 is up double digits 3 weeks into 2016 — zerohedge (@zerohedge) January 22, 2016 Commodity fund friend tells me they’re
Top Tweets of the Week 1/22/16 Read More »
Most people don’t associate love with financial health, but your choice of life partner will be one of the most important financial life decisions you make. Staying single decreases your risk of ruin by marrying the wrong person, but getting married drops your expenses in half and doubles your chances of financial success. You have to love and
The 7 Most Important Money Decisions of Your Life Read More »
We are not in Kansas anymore, Toto. Just as Dorothy learned that Oz was different than Kansas, new traders, perma-bulls, and buy-and-hold investors are learning that a downtrend and market correction is not the same as a bull market or range bound market. Oversold levels can become more oversold, lows can get lower, and price support
We Are Not in Kansas Anymore Read More »
Trader Profile: Meet John Walsh, the Cabbie Trader The article is shared here with permission from Steve LaMoine at The Turtle Follower I am extremely excited to bring another layer of education to the blog. Over the next few months I have lined up interviews from top traders within the trading world. Some are trend
Trader Profile: Meet John Walsh Read More »
I have been active in the stock market in some form for over 20 years. I have made money in several different ways, looking for a good fit for my personality that allowed me to accomplish my life goals. I started as a mutual fund investor and evolved into a trader of stocks and options. My trading
Investing Habits 101 Read More »
$SPY is currently in a correction after falling over 10% from all time highs. The 5 day EMA has been the end of day resistance for all of 2016 as $SPY has been in a strong short term downtrend. On Friday the $SPY bounced near a triple bottom support line. Friday’s candlestick was a bullish
The $SPY Chart Enters the Bounce Zone Read More »
The Cure for Market Fatigue and Frustration Making money by trading less – 10 situations when not to trade Why Successful Traders Choose Simplicity Over Complexity How Do I Trade Wiseguy Activity? If You’re Reading This It’s Not Too Late
Top Trading Articles: 1/16/16 Read More »