The old darling of the last bull market Apple’s chart has lost it’s way. Apple’s only sin was to not set a new earnings record. Carl Icahn then piled on announcing he had exited his Apple stock completely today. To say this sell off is overdone is an understatement from a fundamental and technical perspective. […]
2 Stocks Near Support Levels $AAPL $TWTR Read More »
Options are simply trading vehicles. The level of their risk is correlated to your position size and the odds of success in your timeframe before the contract expiration. The same principles of profitable trading apply to options that apply to the rest of the financial markets. The difference is that with option contracts to represent positions you
The Basics Facts about Options Read More »
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
The Anatomy of a Good Trade Read More »
$SPY is bullishly above all key moving averages. The $SPY 50 day/200 day golden cross is historically bullish. The MACD is showing a bearish cross and beginning to go sideways here showing a trading range. The slow stochatistics is still under a bearish cross here. The ATR continues to decline which is bullish. The 63.62 RSI
Sideways $SPY Chart Facts 4/24/2016 Read More »
Taking a close look at Rolf of Tradeciety’s 4 trades of last week S&P 500 May Be Headed To New All-Time Highs – Here’s Why Limiting Your Challenges vs. Challenging Your Limits Don’t be this guy How to use candlestick patterns to identify stock market early reversal signals
Top Trading Articles: Week 4/23/16 Read More »
When asked what it feels like to be the best guitarist alive, Eric Clapton said, "I don't know. Ask Prince." — Justin Paterno (@zerobeta) April 21, 2016 Uber just overtook rental cars as a % of business travel expenses. Hertz and Avis have denied this possibility.https://t.co/viqHrsNJIr — Downtown Josh Brown (@ReformedBroker) April 21, 2016 McDonalds
Top Trading Tweets 4/22/16 Read More »
Beware of Forex bucket shops that pretend to be brokers but really trade against you. Many times killing accounts with big bid/ask spreads. If you see a ‘broker’ or trading service using attractive female photos to push some service off on traders stay away. Trading newsletter writers that don’t even trade. They issue a lot
10 Types of Con Artists in Trading Read More »
Bullish gap up on Wednesday help support at the low of they day for the rest of the week. $SPY price is above all key moving averages showing an uptrend. The MACD almost has a bullish crossover. The Slow Stochastics has a bullish cross and is showing momentum. The ATR has begun to decline again.
The Stuck $SPY Chart 4/17/16 Read More »
It’s not your fault that you are losing – 18 biases that explain why traders make mistakes @Tradeciety You can’t beat all the chimps @clenow Markets trend just 12% of the time. Rest of the time they are going sideways or counter trend. Position Sizing Methods for Trend Following CTA. Target Volatility Book Review: “The
5 Great Trading Articles 4/16/16 Read More »
Sorry, virtual reality already exists. It’s called college. — Downtown Josh Brown (@ReformedBroker) April 7, 2016 Always hit your stops. Sell first, ask questions later. Things appear so much clearer outside the trade, you can always buy back. — Assad Tannous (@AsennaWealth) April 13, 2016 Know when the markets compliment your style. There are times
Top Trading Tweets: Week 4/15/16 Read More »
There are two very different types of traders, one that wins and one that whines. Whiners hardly ever win and winners rarely whine. Trading is a tough business and you have to be able to keep the right mind set to get you through the rough spots. When the markets start trying to knock you off your trading plan and
Winning Trader, Whining Trader Read More »
Do you still have days when you are 100% sure about a trade. You just can’t lose, the stock that is dropping was a real buy and it has already fallen a great deal so it could not possibly fall any farther. Can it? So you wait and then plunge in, you can’t lose so why
Your Most Dangerous Trade Read More »
Traders do not make money on every trade, most don’t even make money on half their trades. It is not like other careers, jobs, or hobbies where you learn how to do something then simply work hard and then get paid. A trader in the financial markets pursuit of profits is more like the life of
Pain Management for Traders Read More »
What I learned from Nicholas Darvas via @LucidTrend Market Update: The Growing Tension On The Tape via @SeeItMarket 2 trades last week and a great lesson about reversal trading via @Tradeciety Creating Your Trading Future via @steenbab Exits: know when to hold ’em, know when to fold ’em via @AdamHGrimes
5 Great Trading Articles: 4/10/16 Read More »
$SPY is at the same price it was at in December of 2014. $SPY has simply been trading in a range for over a year with two corrections sprinkled in. The 200 day has gone flat. RSI is still bullish at 56.94 but under the 50 RSI and we could go lower. $SPY is back over the
$SPY Chart Indicator Readings 4/10/16 Read More »
This is a top notch book on the psychology of trading. It directs the reader to the core of what it takes to maintain the right mindset as a trader. Traders share the same stressors that entrepreneurs have and must manage the mind first before the money can really flow. A trader must continue to
If Buddha was a Trader Read More »
Secret to escaping slavery is thru education & SAVINGS. When ur no longer living paycheck to paycheck u have choice. And choice is freedom! — Modern_Rock (@modern_rock) April 4, 2016 Make a plan. Execute the plan. Stick to the plan. If plan doesn't work: admit & learn from mistake then make new & improved plan.
Top Trading Tweets of the Week 4/8/16 Read More »
So many new traders come in with only the thoughts of profits dancing in their heads. This is equivalent to a football team only focusing on scoring points, and not planning their defense. In trading, you must play both sides of the ball. A boxer has to punch so they can win and also block
Offensive and Defensive Trading Read More »
This market has been range bound since 2014: From the 4Q ’14 till 1Q of ’16, the SPX gained a total of 0.84 points … yet moved nearly 5k points. pic.twitter.com/lCY493StBC — Ryan Detrick, CMT (@RyanDetrick) April 3, 2016 A 70.69 RSI is rare overbought level for $SPY. The odds are on going up very slowly
$SPY Chart: Sideways is a Direction Too Read More »
Shark Tank: The lost pitches Humans Are Hardwired For Trading Failure Trading Return on Risk Projection Tool Learning How We Learn: Maximizing Our Trading Environments Nasdaq Composite Runs Into Major Price Resistance Band
5 Great Trading Articles 4/2/16 Read More »