We are currently in a range bound market. Long term resistance remains at all time highs. $210 is a key price support level as it was resistance at the beginning of the year. The 100 day EMA has provided a key support level since September. $SPY has closed under the 10 day EMA 8 of […]
Ten $SPY Chart Facts 10/23/16 Read More »
Transparency & Accountability in Trading Trading is gambling. But so is going to a 9-5 or marrying your spouse Lessons From a Trading Great: Michael Marcus S&P 500 Technical Update: Are You Confused Yet? Are You Operating in Peak Performance Mode?
My Favorite Trading Articles: 10/22/16 Read More »
Markets are very difficult for the swing trader here with many breakout failures which suggest cash unless very skilled as some in my room — Dan Zanger (@DanZanger) October 20, 2016 The hallmark of a great trader by @markminervini pic.twitter.com/fiBhDSBjOA — Trading Proverbs (@tradingproverbs) October 20, 2016 "How many millionaires do you know who have
Top Trading Tweets: 10/21/16 Read More »
In most professions working more is what makes you more money. If you are paid for your time the more you work the more money you make. This does not transfer into trading. Over trading can be expensive in trading losses, losing in the bid/ask spread, and commission cost. The best trades come when you are
10 Things To Do Instead of Overtrading Read More »
Ten Golden Trading Rules That Can Help New Traders Never add too a losing trade. In adding to a losing trade you are already wrong but now become more wrong with a bigger trading size. Adding to losers makes you a counter trend trader that will eventually end badly when you find yourself on the
The 10 Golden Rules of Trading Read More »
While trading quotes can be taken out of context, and it is crucial to have a full understanding of what the trader meant at the time, they can also give traders important insights. I asked some of my followers for their favorite trading quotes. There were a lot of great suggestions, but here are the
50 of the Top Trading Quotes Ever Read More »
Through mid-September the $SPY average true range of prices have stayed steady. However the range has stayed so tight it is difficult for trend traders, swing traders, and even day traders to catch much of move in any direction. Buy and hold investors are up 7.74% year to date but had to sit through a
My $SPY Dip Buying Level 10/16/16 Read More »
How to avoid getting chopped up in the noise Trailing Stops vs Time Interval Stops. Yes ETFreplay has stops built into its architecture. Do 80% of Options Expire Worthless? TECHNICAL ANALYSIS…IN THE CROSSHAIRS: BUYING THE DIP VS BUYING THE BREAKOUT The Waitress Who Turned $20K into $1M in the Stock Market
My Favorite Trading Articles: Week 10/15/16 Read More »
When I quote something like Livermore it doesn't matter one bit if he blew up or not..its the experience that he shared that matters — DK1 (@canuck2usa) October 13, 2016 Until you get a close on the timeframe you are trading you have incomplete information…do you like incomplete info I don't #DowTheory101 — DK1 (@canuck2usa)
Top Trading Tweets of the Week: 10/14/16 Read More »
Trading is not really all about stock picking, predictions, and opinions. It is not even just about a winning system. Yes, first you have to understand how to trade and put the odds in your favor of winning, but that is not enough. You must also add in risk management so when you lose several times
3 Dimensional Trading Read More »
This is a Guest post by Charles Leworthy of ForexBinary101. Measuring the fair value of a stock option seems like guesswork in most cases. However, it is important to understand the key concepts that dictate the numbers for price options, and how much influence they have. Let’s take a better look at how dividends on
The Influence of Dividends on Call and Put Equity Options Read More »
This is a Guest Post by Alex @MacroOps which was originally posted at The Philosopher on Playing the Player Market sentiment is a fuzzy concept. In its most basic sense, it’s the aggregate beliefs and moods of actors that comprise the total market. It’s tough to measure, gauge and test. And so, it’s often discarded completely
The Philosopher on Playing the Player Read More »
1. Decisions – You must decide what markets you will trade and on what time frame. 2. Homework – Learn what actually works in the market to create profitability. 3. Adjustments – Discover what makes you money and what causes losses. Make adjustment to do more of what works and stop doing what costs you money.
The 5 Steps to Profitable Trading Read More »
This remains a range bound market inside a longer term uptrend with defined trading ranges. Long term resistance is at $218.50 long term support is at $212. Short term resistance is at $216 short term support is at $214. The $SPY has gone so flat and sideways that the 5 day ema, 10 day ema, and
10 Fast Facts About the $SPY Chart 10/9/16 Read More »
Do Managers Eat Their Own Cooking? Artificial+Collective Intelligence for trading 4 Reasons Why Volatility is a Poor Measure of Risk Underestimating the Density of the Fog Trading Will NOT Solve Any Of Your Problems
My Favorite Trading Articles: Week 10/8/16 Read More »
Time and patience are a traders biggest weapon. The best traders are often the ones you are already holding. Give them TIME to play out. — Assad Tannous (@AsennaWealth) October 4, 2016 $TWTR 1987 -20%. Oldest scam in the book and it still works. ? https://t.co/oqF29cxtaU — Assad Tannous (@AsennaWealth) October 6, 2016 I make
Top Trading Tweets: Week 10/7/16 Read More »
$TWTR all this news does is create opportunities to trade — DK1 (@canuck2usa) October 6, 2016 $TWTR 1987 -20%. Oldest scam in the book and it still works. ? https://t.co/oqF29cxtaU — Assad Tannous (@AsennaWealth) October 6, 2016 Usdjpy back under 104 already. Below 103 Friday and one way ticket to 97 starts. Need to 103
7 of My Favorite Price Action Traders Read More »
This is a Guest Post by Alex @MacroOps which was originally posted here: Beware The Top Performers “And, at any point in time, the richest traders are often the worst traders. This, I will call the cross-sectional problem: At a given time in the market, the most successful traders are likely to be those that
Beware The Top Performers Read More »
This is a great point and article shared in my Facebook trading group: From Simon Vuko: The below principles have massive trading implications for newbies: ‘The Dunning-Kruger effect explains that the problem isn’t just that they are misinformed; it’s that they are completely unaware that they are misinformed. This creates a double burden.” “Studies have
Trading in the Dark Read More »