“The markets are the same now as they were five to ten years ago because they keep changing – just like they did then.” – Ed Seykota New traders make the mistake of looking for the perfect trading system with the perfect entries and exits that work every time. Unfortunately, there is no such thing. If […]
Why There is No Holy Grail in Trading Read More »
“A trader who didn’t make mistakes would own the whole world in a month.” – Jesse Livermore If you see a trader on social media who never loses on a trade, then run from them. They are not being honest. Even the best traders generally have 60% – 70% win rates. Some of the best day traders
Losing Trades Suck Read More »
Stocks as an asset class are under distribution worldwide in 2016. $SPY is in an intermediate downtrend under its 200-day SMA. The MACD is still in a bearish crossover. $SPY has closed under the 10-day EMA 24 out of 29 trading days in 2016. The 10-day EMA has been resistance this year. The 21-day EMA is the
Unimpressive Bulls: $SPY Chart 2/14/16 Read More »
How To Stop Making Idiot Trading Decisions It’s not your fault that you are losing – 18 biases that explain why traders make mistakes This Isn’t The Stock Market You Imagined: Welcome To 2016 The Trader’s Journey: The Hero’s Journey Stability and Liquidity: Money Market Mutual Funds
Top Trading Articles: Week 2/13/16 Read More »
If you were my intern and you sold at 330 pic.twitter.com/qAwNKYRX49 — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) February 12, 2016 This is finally the bottom. I swear. I mean it this time.-Oil — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) February 12, 2016 $TWTR pic.twitter.com/IDK62OOx4v — 3:30 Ramp Capital™♿️ (@RampCapitalLLC) February 10, 2016 @zerohedge udder lunacy — Jose Canseco
Top Trading Tweets of the Week: 2/12/16 Read More »
The price drops below the 200 day simple moving average. This is your first warning on the long side to exit and wait for the 200 day to be retaken. The MACD has a bearish crossover. This shows that the uptrend has lost momentum. This is a warning sign that the market could fall as price
The Anatomy of a Downtrend Read More »
There are so many traders and investors that remain bullish even when the stock market is under distribution. Bull opinions during market corrections are expensive. Smart traders and investors follow the trend. They go with the flow of price action. All stock indexes need to begin to trade above the 10 day EMA consistently for multiple
7 Signals I Need to Turn Bullish Read More »
After a 10% correction in 4 weeks, people start to open their 401K statements and panic. I don’t care about tips – that is, I never ask other people for what they’ve heard or what they think. When someone gives me a tip, I always ask them very politely, “Why do you believe that? What is your signal?” When
Its a Bear Market You Know… Read More »
Here are seven of the most popular chart pattern tweets of all time. Rule 1: Wave 2 will never retrace more than 100% of wave 1. pic.twitter.com/XxgHcVZLRy — DK1 (@canuck2usa) February 24, 2015 Rule 2: Wave 4 may never end in price territory of wave 1 pic.twitter.com/wsuEYjRytp — DK1 (@canuck2usa) February 24, 2015 Rule 3:
The 7 Most Popular Chart Pattern Tweets Read More »
The 200-day and 50-day are starting to descend lower, showing a long term downtrend is developing. We are still under a bearish 50/200 day ‘death cross’. $SPY has traded under the 10-day EMA for the majority of this year, demonstrating that bears have stayed in control of the market. $187 is the short term support level for
Bulls Retreat: $SPY Chart 2/7/16 Read More »
Evidence-Based Vs. Hit And Miss – How To Make Succeeding An (Almost) Certainty The Most Important Question of Your Life How To Light The Fire When You’re Burned Out What January Says About Market Returns For 2016
My Favorite Trading Articles: 2/6/16 Read More »
This kind of market chews up pos traders. I know it sounds repetitive but being patient can NOT be over stated. Been here so many times. — Assad Tannous (@AsennaWealth) February 3, 2016 Been trading for 25 yrs & not trading is the only aspect of trading I still struggle with. Alternative is to lose
Top Trading Tweets: 2/5/16 Read More »
Here are five of the most important trading habits for a trader to integrate into their day-to-day entry and exit decisions. If your trading plan has rules that cover these principles, then you must follow them long enough so they become habits. Always choose a price level that will prove your trade entry was wrong and set a
5 Habits for Profitable Trading Read More »
At times, markets have nice price trends where being long or short for days or weeks will lead to profitability. These are the markets that most new traders make money in by having a bias and holding onto that belief. This usually doesn’t end well because they are unable to understand when the trend is changing. Other markets
Playing Defense in a Tough Market Read More »
A common misunderstanding among new option traders is that 90% of all options expire as worthless, so a seller of option premiums will have a higher win rate than a trader that buys options. This belief doesn’t take into account a statistic published by the Chicago Board Options Exchange (CBOE) that only 10% of option contracts are actually held until expiration and
Does Selling Option Premium Give You an Edge? Read More »
The market loved the surprising move by the Bank of Japan going to negative rates on Friday. This was the catalyst for the Friday move forcing short sellers to cover and momentum traders to chase the move. $SPY had a MACD bullish crossover on Thursday before the huge up day Friday. The 10 day EMA
Bulls Take the Wheel: SPY Chart 1/31/16 Read More »
Trading is a dual major in liberal arts and math Dallas Fed “Responds” To Zero Hedge FOIA Request The Best Trading Strategy for Trading Trend and Range Weekend Market Commentary 1/29/2016 – $RUT, $RVX, $SPX, $VIX, $VXV via @ThetaTrend How to manage risk as a trader. Become a professional risk manager
My Favorite Trading Articles: Week 1/30/16 Read More »
Hell of a week and what a month!!!This year will challenge all of us & our psychology to the max.Process & discipline are key. — Northy (@NorthmanTrader) January 29, 2016 I sincerely hope Dennis Gartman never proclaims the world to be safe from asteroids. — Northy (@NorthmanTrader) January 27, 2016 So many predictions, so much
Trading Tweets of the Week:1/29/16 Read More »
Technological advancements like the iPhone cause traditional products. Even retailers like Amazon are over-trading platforms that connect directly to consumers and are displacing companies and even entire industries. Here is a list of things that are going away: Brick and mortar retailers: Amazon has already rendered bookstores and electronic stores obsolete, and they are now working on
12 Dying Industries Read More »
This is a guest post by Dan Neagoy @ThetaTrend. Dan is the founder of Theta Trend a site devoted to helping retail traders become consistently profitable options income traders. Put 75%+ Odds In Your Favor – How To Increase Your Probability of Success With Options One of the biggest challenges newer traders face is finding a
How To Increase Your Probability of Success With Options Read More »