Swinging at Fat Pitches: Interview
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The $SPY Chart Trading Range: 10/2/16
The rallies felt very strong late last week but they were only inside the recent trading range. The price last Thursday seemed to fall hard but it was well inside the near term trading range. $218.50 has been $SPY resistance since August 15th 2016. $211.25 has been $SPY support since the July 18th 2016 breakout
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Top Trading Articles: Week 10/1/16
Michael Covel podcast Jesse Livermore Quotes Examined Technical Analysis and Its Return to Prominence The Importance of Focusing on Your Process Execution and the Objective Trade and Day Grading Tool I’ve never seen anything like the massacre of the hedge fund business this year Germany Working On Deutsche Bank Rescue Plan As Lender Sells Unit
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Top Trading Tweets: Week 9/30/16
Know what you want to seeWhere you want to see itWhen you want to see it — Tom Dante (@Trader_Dante) September 27, 2016 There's 2 options in life/trading.Easy option: Keep doing same things & blame every1 else.Hard Option: Take a good hard look in the mirror — Assad Tannous (@AsennaWealth) September 28, 2016 Learn when
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Inevitable Events on Your Trading Journey
There are some common things that happen to most participants in the financial markets on their path to success or during their failures. Some start out with beginners luck only to see it run out and realize they have to build skills. Others have to go through failures for a long period of time before they
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Breaking Your Trading Bias
Trading Bias Definition: A trading bias is the tendency that leads traders and investors to follow a predetermined path in a trade or investment even when it appears they are wrong from a fundamental or technical perspective or both. A bias about a trade occurs when there is a loss of perspective because their opinions or predictions are held even
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7 Expensive Things for Traders
Trading with no stop losses. You can’t control how big your profits are, the market will trend as far as it does. However, you can control and limit the size of your losses with a stop loss and a carefully managed positions size. Not having an exit plan if you are wrong can be very expensive when
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$SPX Chart Key Levels: 9/25/16
SPX continues in a range with resistance holding at 2200 and support at 2120. SPX new all time highs stays within striking distance and is still possible in coming weeks. The SPX 100 day SMA held as key support during the last plunge. The SPX MACD finally had its first bullish crossover since June. Slow Stochastics maintains a
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Top Trading Articles: Week 9/24/16
Everybody loves indexing. “Be careful when everyone finally agrees that one way works best.” Making money by trading less – 10 situations when not to trade The Stock Market Is a Mood Ring 7 Forex Trading Lessons Rayner Teo Learned from 7 Years of Trading How much money can you make with a profitable trading
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Top Trading Tweets of Week 9/23/16
The time when the market is closed is when 99% of my work is done. Review the data & prep for next session. Open markets are for executing! — Micah Yo (@micahhyo) September 17, 2016 show me on the chart where the algo touched you — StockCats (@StockCats) September 22, 2016 rumors of a $TWTR
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Who Really Beats the Market?
Survivorship bias, or survival bias, is the logical error of concentrating on the people or things that “survived” some process and inadvertently overlooking those that did not because of their lack of visibility. This can lead to false conclusions in several different ways. – Wikipedia There is survivor bias in looking at trading and investing
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The Mechanics of a Trend
My trading consists of signals for trading existing trends. A stock or ETF breaking out to all time highs or breaking down to all time lows after being range bound is one trend trading entry signal to go in the direction of the break out. I also use signals to buy off key supports levels in longer term
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Interview with Rich Trader Dan Zanger
Who is Dan Zanger? His mother Elaine loved the stock market and Dan would often watch the business channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1. He made his first purchase and sold the stock a few weeks later
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Top Trading Quotes from Scott Ramsey
Jack Schwager’s interview with Scott Ramsey from Hedge Fund Market Wizards was very clear and to the point. Mr. Ramsey trades futures in an approach that reminded me of the Darvas techno-fundamentalist method. He looks for fundamental reasons for a trade, and then makes his entries and exits based 0n confirmation in the technical price action. “I made
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Key Price Levels: $SPX Chart 9/18/16
I am using the $SPX chart this week due to the skew of the quarterly dividend payout Friday on the adjusted price. It is also possible to see the unadjusted $SPY price by using the ticker _SPY on stockcharts.com. $SPX is trading in a price range of 2120 support and 2150 resistance. The 10 day
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Top Trading Articles: Week 9/17/16
Screening And Backtesting With Finviz Elite Limiting Losses: The Key To Long-Term Investing Success Are beliefs all that matter? Thoughts on trading psychology My Stock Is Special
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Top Trading Tweets: Week 9/16/16
“Fear grips Wall Street as the Fed threatens to raise interest rates for the eight-hundred and sixty-fifth time” — StockCats (@StockCats) September 9, 2016 Two questions I always ask myself before placing a trade: ⏺Do I have an edge? ⏺How much can I lose? — Micah Yo (@micahhyo) September 9, 2016 “Day Traders Sleep Better”
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Lessons from Market Wizard: Bruce Kovner
This is a Guest Post by Alex @MacroOps which was originally posted at Lessons from a Trading Great: Bruce Kovner. Bruce Kovner retired in 2011 from Caxton Associates, the hedge fund he founded and ran for 28 years. Over that time the fund returned an average of 21 percent a year since its inception. In comparison,
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Profitable Trading Starts With One Thing
Regardless of whether you are a trend follower, day trader, swing trader, value investor, or growth investor, profitable trading requires one thing to make any trading process work long term. Successful stock market operations require studying the principles that lead to making money, you have to do the work. When you understand the principles of
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