Great Reads for Traders: 9/10/16
Everyone is a Closet Technician The Importance Of Using A Trading Journal Two Key Questions to Ask When Emotions Affect Trading Book Review: Wiped Out
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Top Trading Tweets: Week 9/9/16
I did not make $$ today ok but Have A Great Weekend!! There is always another trade pic.twitter.com/jObNOK0v4C — DK1 (@canuck2usa) September 9, 2016 Funny joke guys. Just realized someone switched my buy and sell buttons on my keyboard. Classic prank. Was it you Rosengren? — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) September 9, 2016 Market closed
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Do You Trade Like Captain Kirk or Mr. Spock?
In Star Trek, Captain Kirk believed that his leadership abilities helped him make good decisions in difficult situations. In contrast, Mr. Spock applied logic and reason, along with his perceived probabilities of success, to make his decisions. These contrasting styles are similar to two opposing trading strategies; discretionary traders and systematic traders. Discretionary traders try to get by on their past experience and
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Top 12 Signs Of A Range Bound Market
There is a big difference between trading in an up trending market, a down trending market, and a range bound market. Money can be made in different kinds of markets but you have to be trading the right way to capture those profits. Here are the ten best signs that a market is range bound: The major
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The Causes and Clues of A Trend
Trend Followers make money during market trends not because they predict anything but because they buy what is going up and they sell what is going down. They discover ways to measure and react to trends based on historical price patterns . Trend traders identify a trend and enter a trade with the predefined risk of
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What to Look for in a Broker
In a broker you will want several things: You want a competitive commission price compared to other brokers with the same services. You will want the ability to get on the phone with a person quickly when you need technical help due to problems with the platform. You want to be with a broker that
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Stuck $SPY Chart 9/4/16
$SPY continues to press all time highs which is bullish. With this price range buying the dip has been a more profitable trading strategy than buying momentum. Price is back over the 10 day EMA which is bullish. The 50 day SMA continues to be bullish and ascending. Slow Stochastics is neutral short term. The
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5 Great Trading Articles: Week 9/3/16
25 Amazing Stock Market Fun Facts Value, Growth and Income? Can You Turn $12,415 Into $4M? How about making 29,233% in 12 months? One Million Market Beaters The stock market is vanishing
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Trading Tweets of the Week: 9/2/16
What country has the best performing stock market this year? BRAZIL? Data by: https://t.co/kpno1Xe70S$EWZ $RSX pic.twitter.com/SNOcbHLhRv — StockTwits (@StockTwits) August 31, 2016 I politely disagree. I wake up at 3:15pm https://t.co/07q9fkbMYL — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) August 30, 2016 so I guess the low of the day is in pic.twitter.com/6vFbRTCkT6 — StockCats (@StockCats) August 31,
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Trading Fear and Hope Correctly
In trading most new traders allow hope and fear to dictate their trading. They have a losing trade and instead of selling it and getting out they instead hope it will come back to even and fight a trend allowing their loss to grow bigger. Another error for new traders is that when they
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The Power of Quitting
“It’s not the daily increase but daily decrease. Hack away at the unessential.” -Bruce Lee Quitting is not always the wrong thing to do. There is a time when you have to decide what you want and go get it, you do not stop until you reach your journey to your destination, this is when
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Trading like Market Wizard William J. ONeil
If one of the greatest traders in history told you how to buy and sell the best stocks for the most profits would you listen? Well we have a chance to do just that with William J. O’Neil’s book “How to Make Money in Stocks”. His lifetime of research on the precise fundamental and technical
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20 Mental Trading Edges
When I asked “What kind of psychological edge do you have in your trading?” in my Facebook trading group I had a lot of great answers. Here are a compilation of many of their great answers. Here are the 20 mental trading edges that a trader can use in their battle for profitability in the
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Home on the Range: $SPY Chart 8/28/16
$SPY remains in the trading range it has been in since mid July. $214.25 support and all time highs are resistance at $219.60. This is a very tight range. The chart is still bullish as it stays near all time highs and tries to breakout. We finally had some movement on Friday with ATR increasing. It
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Top Trading Links: Week 8/27/16
The Profit Distribution in Trading Most Long-Term Profitable Traders are Under Water Most of the Time The Best Psychological Test of All 5 Things You Should Know About ETFs and Their Growing Popularity Are Index Funds Eating the World?
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Top Trading Tweets of the Week: 8/26/16
I don't remember anyone predicting the market would trade sideways for a month and a half — StockCats (@StockCats) August 26, 2016 Read that approx 10% of traders are on medication for mental issues. Thats scary, means 90% of traders out there are untreated. — Assad Tannous (@AsennaWealth) May 1, 2016 @AsennaWealth Easy$ trading bad
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The Education of a Trader
“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other type of loss is caused by a lack of discipline, causing you not
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Fragile Trader, Anti-Fragile Trader
Reading Nicholas Taleb’s book Anti-Fragile really got me thinking about how traders are broken. (This may actually be my favorite book out of over a thousand I have read in my life.) Traders can become fragile and be broken in several ways: They can quit because they believe that trading successfully is impossible. They can
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The 10 Trading Rules of Jesse Livermore
Before there was a William J. O’Neil or a Nicolas Darvas there was Jesse Livermore. Livermore was considered to be one of the greatest traders to ever live. He is said to have made over $100 million shorting the 1929 crash, an unthinkable amount in his time. He made and lost millions on several occasions, he was
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How the Market Is Always Wrong
This is a Guest Post by Alex @MacroOps which was originally posted at Macro-Ops.com. “The generally accepted view is that markets are always right — that is, market prices tend to discount future developments accurately even when it is unclear what those developments are. I start with the opposite view. I believe the market prices are
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