My Favorite Trading Links: Week 6/11/16
What you’re not hearing about George Soros today Sit on Your Hands and Prosper The Value of Grey Thinking
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Top Trading Tweets of the Week: 6/10/16
A lot less George Soros mocking today. — Northy (@NorthmanTrader) June 10, 2016 I know what you did last summer. pic.twitter.com/BjXwmHFLlg — Northy (@NorthmanTrader) June 10, 2016 Fear of giving back profits is why most traders will never truly make life changing fortunes.Those that do succeed end up grinding a living. — Assad Tannous (@AsennaWealth)
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The $SPY All Time High Battle Continues
The surprisingly bad job’s report released on Friday was initially sold off, but then recovered and rallied back to erase the majority of morning losses. We traded around a $208.85 support and a $211 resistance level last week in $SPY. This is a good price base to build, setting up another run to higher levels. This market continues to be
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Top Trading Articles of the Week: 6/4/16
The Emotions vs. Sentiments Tim Pickering: “Investments can be broken down into essentially two types: Convergent and Divergent S&P 500 Trading Update: Will Lower Support Levels Hold? How Language Defines Our Limits–And Our Opportunities Diversification Will Always Disappoint
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Top Trading Tweets of the Week: 6/3/16
My mentor always told me why initiate a new position/trade just before a # comes out wait and let all the emotional trades execute 1st — DK1 (@canuck2usa) June 3, 2016 As always if you are over emotional about your trades you're position size is to large — DK1 (@canuck2usa) June 3, 2016 Zero conviction
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Think Like a Warrior
I really enjoyed this book by author Darrin Donnely who runs the DarvasTrader.com website. It was hard to put down, because it told the story of a head football coach that rose to the top of his profession with an NFL team, only to leave in failure and return to coach college football. Many of us are able to relate
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My Favorite 10 Follows on StockTwits
For those of you that aren’t familiar with StockTwits.com, it’s a social media network for traders and investors that’s powered by $CashTag streams where people can post information about their favorite companies based on their stocks ticker symbols (Example $AAPL). (Twitter later adopted the $Cashtag alongside its own #Hashtags). You will find charts, technical and fundamental analysis, trading and
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Technical Trading Tools 101
Technical indicators are not magical and they are not a Holy Grail. Market price action changes from trends to price ranges, and from low volatility to high volatility. They are good for building systems so you can measure your risk on each trade, and use them as trading tools to quantify your entries and exits. They are
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Bulls Win: SPY Chart 5/29/16
Chart Courtesy of StockCharts.com $SPY is over all key moving averages indicating an uptrend. MACD is under a fresh bullish cross. Slow Stochastic is under a bullish cross. The ATR is declining which is bullish. 62.45 RSI shows strong momentum and gives price room to move higher. Last week was on low volume which is
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Top Trading Articles: Week 5/28/16
BreakingOutBad SoundCloud | “Eliminate Non Traders From Your Trading Circle” | Length: 15 minutes https://t.co/3snDIaUAyW — Walter White (@BreakingOutBad) May 27, 2016 Meeting the Challenge of Secondary Frustration What Is Under Your ETF’s Hood? The 14 best lessons from “What I learned losing a million dollars” Liquidity and Frozen Ice Theory
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Top Trading Tweets of the Week 5/27/16
$SPX from a trader friend : Headline news : Trend lines need to be redrawn soon $SPX pic.twitter.com/mRNnwMySM6 — DK1 (@canuck2usa) May 25, 2016 So you entered a trade based on a Weekly signal and now you are staring at a 1min chart? — DK1 (@canuck2usa) May 25, 2016 Over the last 3 years, the
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Black Swans, White Swans
Picture Courtesy of Seabamirum One of the biggest mistakes new traders make is to focus on the rare ‘Black Swan’ event happening instead of simply trading a methodical system. Too many traders continually bet on a big crash happening by buying put options or selling futures short in the middle of a bull market than simply going
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Revisiting The New Market Wizards A Quarter Century Later
This is a guest post by Jack Schwager author of the “Market Wizard” series of books. On Revisiting The New Market Wizards A Quarter Century Later Recently, I had the opportunity to manage the process of creating an audio version of The New Market Wizards—a task that was previously handled by publishers for the audio
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The Good News and the Bad News: $SPY Chart
Still lots of mixed signals in $SPY price action going into next week. We appear to sill be range bound and looking for a breakout of this tight trading range. We are in the neutral zone of price action. The bad news: $SPY price is still under all key moving averages: 10 day EMA and
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Top Trading Articles: Week 5/21/16
3 Reasons Why Choppy Markets Are Troublesome For Traders The Hidden Danger of Being Risk-Averse Leaving Your Comfort Zone and Entering the Performance Zone Make Your Trading Fit Your Personality Or Go Broke The S&P 500 Is The World’s Best Momentum Trade
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Top Trading Tweets of the Week: 5/20/16
How come men can't join Curves? ►►► @HillaryClinton ►►► @realDonaldTrump►►► @BernieSanders — Mr. Breakout (@sharptraders) May 19, 2016 Using fundamentals to trade is like, calculating the average rainfall over a decade, to decide whether you need to bring an umbrella out now — Rayner Teo (@Rayner_Teo) May 17, 2016 TA is a tool, only as
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We Can Beat the Market
“If markets were rational, I’d be a waiter” – Warren Buffett If the markets were efficient Warren Buffett would be a waiter and not the richest man in the world and Paul Tudor Jones wouldn’t be a billionaire. The traders and the investors that beat the market in the long term had an edge. Warren Buffet bought the best companies
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Started From the Bottom Now We’re Here
Quite a wild ride in 2016 with $SPY having one of the fastest drops ever at the beginning of a year, followed by one of the fastest rallies, now we are back in a trading range since the April break out to new highs failed. This is not a buy momentum kind of market as
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Top Trading Blog Posts Week 5/14/16
Volatility Analogy Your True Risk The #1 risk management advice for novice traders? 17 trading professionals answer 6 Lessons from The Greatest Stock Market Crash of All-Time The 4 Stages of the Market Every Serious Trader Must Know
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Top Trading Tweets of the Week: 5/13/16
Everything you need to use to make money can be lifted from TA for dummies.The rest is psychology.People will argue it. They are wrong. — Tom Dante (@Trader_Dante) May 13, 2016 Most traders are wired to hold losers until they get their money back and cut winners in fear of losing small profits. Play the
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