S&P 500 Fails Again At Key Stock Market Resistance Level S&P 500 200-Day Moving Average Is Pointing Lower, What’s Next? Every trade has a lesson but we often learn the wrong things – The 6 cardinal sins of trading The difference between working knowledge and “chauffeur […]
My Favorite Trading Articles: Week 9/12/15 Read More »
Why I dont buy support or sell resistance but rather sell prior suppport and buy prior resistance pic.twitter.com/LxnQntBzct – @Trader_Dante — Steve Burns (@SJosephBurns) September 11, 2015 number of times the $SPX has been up 7 years in a row? 0 pic.twitter.com/5hMc6Q4Esj — StockCats (@StockCats) September 9, 2015 7 years after calling for $200 oil
Top Trading Tweets of the Week 9/11/15 Read More »
“The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.” -Ed Seykota The above image shows the destruction of capital, not only for a losing streak, but also for a string of 10 trades with a 50% win rate; alternating between wins and
Why You Lose So Much Money Trading Read More »
There are so many traders and investors that remain bullish even when the stock market is under distribution. Here are 5 things I need to see to become bullish again and stop shorting strength and start trading on the long side. $QQQ needs to close over the 200 day as my first sign of
5 Signals I Need to Turn Bullish Read More »
I appreciate Mark Ritchie sending me a review copy of this book. I have the utmost respect Mr. Ritchie’s market successes, and I enjoyed his interview in Jack Schwager’s “Market Wizards” book. This book is much different than other trading books you will read. The author begins with a warning that trading is probably not
My Book Review of My Trading Bible Read More »
Guest post by Christopher Ebert @OptionScientist With regards to #2, I must admit I too was once hampered, and to this day occasionally experience the hampering effect from time to time . What released me from that was a realization that there will always be some influential entities that can induce something to go up
Curious Trader, Broke Trader Read More »
Did a Black Swan Fund really just “make a billion dollars”? Taking a Fresh Look at Your Trading Performance 25 Simple Things to Give Up If You Want to Succeed The Great Jim Simons Why everyone loves to call tops and bottoms…and gets slaughtered
5 Top Trading Articles: Week of 9/6/15 Read More »
The market is still in bear territory under the 200 day simple moving average. The MACD is extremely bearish, showing a lack of momentum. Up days continue to be on lower volume and down days on higher volume, which shows distribution. A 27.80 $VIX is not bullish, it demonstrates uncertainty. The RSI is weak at
10 Fast Facts About the $SPY Chart: 9/5/15 Read More »
because it's Friday… "off the lows" = drink — StockCats (@StockCats) September 4, 2015 #FF Traders who I've seen cop to losing trades: @Mella_TA @marketmodel @SJosephBurns @canuck2usa @paststat @PipCzar @NicTrades @JohanHakon — Northy (@NorthmanTrader) September 4, 2015 The bulls just keep paddling…. pic.twitter.com/TEFioIV6z6 — Steve Burns (@SJosephBurns) September 4, 2015 In the 110 months since the
Top Trading Tweets: 9/4/15 Read More »
Do You Know the Difference Between Trading Methods, Systems, and Plans? There are significant differences between trading methods, trading systems, and trading plans. These variations can be confusing for new traders, but it is important that students of the market understand and develop these areas in order to optimize their chance of success. Trading Method
Trading Methods, Systems, and Plans Read More »
Here are seven books written by Market Wizards that appeared in Jack Schwager’s best selling book: How to Make Money in Stocks: A Winning System in Good Times and Bad by William J. O’Neil Pit Bull: Lessons from Wall Street’s Champion Trader by Marty Schwartz Panic-Proof Investing: Lessons in Profitable Investing from a Market Wizard
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30 of the World’s Best Trading Rules: 245 Retweets 7 Reasons to Never Give Up Trading: 233 Retweets 10 Great Technical Trading Rules: 213 Retweets 10 of My Favorite Trading Websites: 163 Retweets Paul Tudor Jones’ 10 Trading Principles: 159 Retweets John Murphy’s Ten Laws
My Most Liked Blog Posts of 2015 Read More »
Here are three free trading books that are currently on Amazon Kindle as of today August 31, 2015. Some great value here for $0. 200 Short Trading Psychology Truths (Trading Easyread Series Book 1) Trading Strategy 100: Trade To Win: Stop Gambling In the Market And Master The Art of Risk Management Strategic Stock Trading
3 Free Trading Books on Amazon Kindle Read More »
Expecting the unexpected Mindfulness over markets Trading in the now The art of self-control Your inner narrative Filter out the noise Diversify your life Managing uncertainty Hindsight is a parasite Angry trader, broke trader Letting go of ego Your pain threshold Losing and staying calm Happy trader, rich trader For an in depth look into
The 14 Steps to Calm Trading Read More »
The sell off last week was fast and furious, even compared to 2000 and 2008. Once the $SPY lost the 200 day simple moving average, distribution set in. There was virtually no price recovery as the Dow Jones Industrial Average shed 2,000 points over five trading days. On Wednesday the bounce began. There is a
$SPY Chart Signals: 8/30/15 Read More »
9 that will finally help you understand trading Managing Your Money, Managing Your Life: Part One Market Masters: Trade The Chart, Not Your Heart Computers are the new Dumb Money How Badly Was the Stock Market Damaged?
Top Trading Articles of the Week: 8/29/15 Read More »
(yawns) RT @ukarlewitz: Uneventful week on Wall St. Indices were marginally higher by half a percent — Downtown Josh Brown (@ReformedBroker) August 28, 2015 Nothing mean-reverts like the Vix. Nothing. pic.twitter.com/pgF8ro38ui — Downtown Josh Brown (@ReformedBroker) August 28, 2015 If you're long stocks right now, this should make you smile. Give it a like here: http://t.co/sgJWayWlmj $SPY
Top Trading Tweets of the Week: 8/28/15 Read More »
2015 has been a year. The market went from swing trading to a downward plunge so fast and deep that it ruined many traders that were holding long positions with too much leverage. Broker’s servers have made it difficult to trade profitably with many becoming overloaded and failing at crucial times. The stock market’s recent
How to Survive Trading in 2015 Read More »
Maybe this is a reversal off a near term bottom over the past three trading days, and maybe it’s not. I will let price be my guide. Here are the five things I need to see for me to start trading the long side again, and buy dips rather than selling rips short. I am
5 Signals that Could Prove $SPY is Reversing Read More »
Bulls, you aren’t in Kansas anymore. The 2009 – 2015 stock market uptrend is gone. I am basing this not on my personal opinions or predictions, but what I see on the current charts. Here are 10 facts that show that we are headed down. All stock market indexes are trading under their 200 day
10 Signs 2015 is not a Bull Market Read More »