$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 »
How we've received the Non Farm Payrolls report, by year:https://t.co/VqHx7Dje5V pic.twitter.com/lhH4K8LHB1 — Downtown Josh Brown (@ReformedBroker) April 1, 2016 It remains a central bankers market. pic.twitter.com/DZ9X2smIg8 — Northy (@NorthmanTrader) March 29, 2016 Detroit neighborhood falling into ruin as seen via Google street view and Bing 2009-2014 pic.twitter.com/cW8x2COMBd — Northy (@NorthmanTrader) March 28, 2016 "the market
Top Trading Tweets of the Week 4/1/16 Read More »
Here are trading professionals, market wizards and millionaires, that are on Twitter and share trading information with their followers. These are real-deal traders that can add incredible value to your tweet stream. Many of these even appear in some of Jack Schwagers Market Wizard books. I have found great value in following all of these traders.
10 Trading Wizards That are on Twitter Read More »
First you stop trading until you do some homework and learn what leads to profitability in the financial markets. Once you start to understand what makes traders money then you begin to build a trading system that fits your personality and is profitable over the long term. You have to test your system across historical price action
10 Steps to Profitable Trading Read More »
Here are the best answers from my Facebook trading group when I posted the following question: What is one of your bad trading habits that causes you to lose money? Underestimating the possibility of volatility expansion at times and taking too big a position size. Overly optimistic that the market will trend well… only to reverse.
22 Bad Trading Habits Read More »
I asked my Facebook trading group this question: What is your best trading habit that makes you profitable? Here are the great answers from the group as they shared their best trading habits: Cutting losses short. Letting winners run. Following my trading rules. Following my trading plan. Planning. Preparation. Being patient. Being disciplined. An exit
25 Good Trading Habits Read More »
$SPY continues to consolidate its price action. RSI was slightly overbought but bullish at 63.75 RSI. $SPY has closed over the 10-day EMA for 28 straight trading days. This is very bullish. The 50-day SMA has started to move upward. This is bullish. $SPY is over the 200-day SMA. This is bullish. MACD is still bullish,
Patient Bulls: $SPY Chart for 3/27/16 Read More »
How To Actually Reach The Goals You Set via @SteenBab Why do candlestick patterns work? Learn to trade price action via @Tradeciety Stocks And Oil Are Testing Resistance At The Same Time! via @SeeItMarket
5 Great Trading Articles: Week 3/26/16 Read More »
How can you be patient if you don't know what you are waiting for? — Tom Dante (@Trader_Dante) March 24, 2016 Today in 1924, the American mutual fund industry was born, via Massachusetts Investors Trust, 1st open-end fund founded in Boston w/$262.50 — Barry Ritholtz (@ritholtz) March 21, 2016 If you only went long
Top Trading Tweets: Week 3/25/16 Read More »
Matthew Kratter did a great job in this book explaining a simple strategy for when to buy the dip in your favorite stock. His strategy uses specific settings with Bollinger’s Bands to give you the best risk/reward ratio for your entry. He covers the bases on specific entry signals, position size, your stop loss
Rubber Band Stocks: A Simple Strategy for Trading Stocks Read More »
Follow people that add value to your tweet stream. Look for the sharing of information that you find useful. Follow a variety of traders, ones that are like you and also those that stretch you to question what you think you know and challenge you to grow as a trader. Look to follow and support the people
10 Step Guide for Traders on Twitter Read More »
Bullish 66.59 RSI. Not much room to run without consolidation first. 70 RSI tends to be resistance in stock index ETFs. Price is bullish and over all key moving averages. 10 day EMA, 50 day SMA, and the 200 day SMA. The 200 day has gone flat and the 50 day SMA has started to
Bulls Hanging in There: $QQQ Chart 3/22/16 Read More »
$IBB double bottom with positive divergences pic.twitter.com/OWSJSE6qhU — stt2318 (@stt2318) March 21, 2016 Great chart from @JKrinskyMKM https://t.co/sDhtUBYago pic.twitter.com/vLw95yYOHI — Downtown Josh Brown (@ReformedBroker) March 21, 2016 $BAC appears to be putting in an INVERSE H&S pattern … worth watching this one pic.twitter.com/M6DwmREDQu — traderstewie (@traderstewie) March 20, 2016 $TRAN bullish trend pic.twitter.com/6erwSVuAvs — BullishChartPatterns
5 Great Chart Patterns Read More »
MACD Bullish Slow Stochastics Bullish Declining ATR Bullish Price over the 200 day SMA is Bullish for the long term trend. Price over the 10 day EMA is Bullish on the short term chart. However price is extended over 1 ATR above the 10 day. We could see a pullback to the 10 day EMA this
Tired Bulls: $SPY Chart 3/20/16 Read More »
Study: “When the market is > its Moving Average, stocks tend to have higher average daily performance & longer streaks of + returns.” The Ultimate Psychological Account Killer How to trade triangles – a step by step guide Risk and R-Multiples The “NO BS” Guide to Price Action Trading
5 Great Trading Articles: 3/19/16 Read More »