The past five trading days have been some of the worst price action I have ever seen. Today will go down as one of those trading days you never forget. If you didn’t lose money, you had a great day. If you made money—well done! The dip buying signals of the past six years have […]
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For the first time in many years buying the dip failed in the stock market. It failed with an enormous plunge in the Dow Jones Industrial Average of over 1,000 points from Monday’s open of 17,472.66 to Friday’s close of 16,459.75. This brings the DJIA into a +10% correction from a 52 week high of
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This book is a great addition to the trading world. It is unique in it’s structure and the knowledge of the participants is impressive. The book is structured as a round table question and answer session with four legendary traders, answering questions that they receive regularly.
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When oil prices were surging, it was the speculators who were to blame. Where are the stories about speculators driving down oil prices? — jack schwager (@jackschwager) August 19, 2015 Know your markets behaviour #study pic.twitter.com/6aECCc4W9S — Tom Dante (@Trader_Dante) August 21, 2015 when the barrel costs more than then oil pic.twitter.com/zAonxiN8Ip — StockCats (@StockCats) August
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Buy the deepest dips into oversold territory. Indexes tend to snap back to the previous days low, the 5 day ema, 200 day sma, and the 30 RSI. Sell the rallies back into resistance. The short term resistance can be the high of the day, a rally back to green, and eventually the 200 day
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$IWM $DIA $SPY and $QQQ are continuing to trade under the 200 day simple moving average. Indexes are spending more time under the 5 day EMA than above it. The market indexes continually go up on low volume days and end down on large volume days. The market had terrible breadth with less and
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Here are the 3 websites that I think have the clearest and best charts on the web. StockCharts.com FreeStockCharts.com Investors.com
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Breakouts: When To Buy 150 likes 10 Signs of a Reversal 118 likes Best Books in the World on Trading 107 likes 10 Bad Habits of Unprofitable Traders 78 likes Jesse Livermore’s 21 Trading Rules 70 likes Interviewing Mark Minervini & David Ryan 68 likes How to Trade Like A Lion 64 likes So You
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The stock market continues to be range bound in 2015. Buying weakness and selling strength is the profitable methodology this year, with limited success in momentum and short-lived stock trends. $SPY is stuck in the middle of the five month trading range of $205 support and $213 resistance. The 50.03 RSI is neutral but it
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Are Market Breadth Issues A Caution Sign For Stocks? The 3 types of stop loss strategies and how to combine them in a meaningful way Theme 2: The death cross Mental Model: Misconceptions of Chance How two of history’s greatest investors deal with losses
Best Trading Articles Week 8/15/15 Read More »
$/ESU5 The Chop is real don’t get to comfy pic.twitter.com/5pVeiXRkhB — DK1 (@canuck2usa) August 11, 2015 Greek election cycle: vote for anti-bailout party. Accept bailout. Go to new elections and vote for the anti-bailout party. Accept bailout — GreekFire23 (@GreekFire23) August 14, 2015 North Korea now has its own time zone. It’s called 1948. —
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The right mindset Your have to be able to manage your emotions. You have to have faith in your ability to trade your plan with discipline. You have to do enough homework that you will have faith in your system and your prospects of being profitable. You must manage your stress so you don’t make
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Traders that are emotionally calm and cool that approach trading as a business, have greater odds of profitability than the thrill seekers and gamblers that come to the market. One third of trading is based on logic, and two thirds is based on emotions. Here are 10 things that a trader has to overcome to
Calm Trader, Rich Trader Read More »
If you have ever had a Big Mac (and is there anyone who hasn’t had a Big Mac?), you know that what sets it apart from other fast food hamburgers is something called Special Sauce. Surrounded by controversy, people have been trying to figure out exactly what was in this magical sauce for decades. As
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1. A winning trading system must either be designed to have a large winning percentage of trades or big wins and small losses. 2. Your trading system must be built on quantifiable facts not opinions. 3. Start with the weekly price chart to establish the long term trend, and then work down through the daily
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We are stuck in the middle of the 2015 price range. Swing trading is still the winning methodology in this market environment. $SPY price is extended far from the 5 day EMA, and the odds are that we rally to this level next week. MACD had a bearish crossover. The RSI is showing weakness as
10 Facts about the Messy $SPY Chart 8/9/15 Read More »
Important Trading Statistics To Follow Getting Past the Frustration of Trading Choppy Markets Crude Oil’s “Slip and slide (along the bands)” An introduction to mean reversion trading and the 4 biggest challenges Easier said that done
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1/3 After last night’s debate I decided to accept @realDonaldTrump offer for Secretary of Treasury. — Carl Icahn (@Carl_C_Icahn) August 7, 2015 Following this rule would save all shorts on $AQXP: rules that help me: 1) by 11am if down GET OUT, CUT Losses. No prayers after 11am — Modern_Rock(@modern_rock) August 7, 2015 Lower– left to the
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The great-great-great grandchildren of Dickens take a selfie with him on his 202nd birthday http://t.co/AkBfAFMtmp pic.twitter.com/3Cl4g03gPd — Downtown Josh Brown (@ReformedBroker) February 9, 2014 7 Deadly Social Media Sins: Wrath = Yelp Greed = LinkedIn Sloth = Uber Pride = Twitter Lust = Tinder Envy = Facebook Gluttony = Instagram — Downtown Josh Brown (@ReformedBroker)
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When your specific trading methodology quits working due to a change in the market environment, you are in a losing streak, or a drawdown in trading capital. There are things you can do to lessen the emotional and financial pain. In losing streaks, trade smaller and smaller until you start winning again. Trade less; only
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