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
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Traders may be waiting for the market to settle down and give them more clarity about the trend. For the moving average to hold, for volatility to decrease, for the economic numbers to be more positive, for oil prices to find a range, for your bad luck with entries to end…. The reality is, the market action will NEVER give you the perfect time. That right moment for entry never
Good Trades are Never Easy Read More »
Let me guess. You’re into trading because you want financial freedom, to make lots of money, and to fire your boss. You learn everything you can get your hands on. Trading books, courses, forums etc. 1 year has passed… 2 years have passed… 3 years have passed… And you’re still not profitable. The bad news
How to be a Profitable Trader in 180 Days Read More »
$SPY broke out over the 5 day EMA Friday. This shows short term momentum out of the downtrend. This is an early bull signal, but only the first. The 5 Day EMA held as support Friday. This level needs to hold to confirm this is a short term reversal. Friday’s up day was on lower volume than
First Bullish Baby Steps $SPY Chart 1/24/16 Read More »
The Truth About Trading For A Living (Tips for people getting started) Boost Your Trading Performance by Objectively Grading Trades and Days Using A Market Crisis To Find Ways To Improve Your Trading The illusion of control and having a winner after a winner – things traders don’t know Some Corrections Turn into Bear Markets
Top Trading Articles of the Week: 1/23/16 Read More »
No truth to this @zerohedge story. The Dallas Fed does not issue such guidance to banks. https://t.co/rmE3Zul3PM — Dallas Fed (@DallasFed) January 18, 2016 those who took the opposite of Goldman's Top Trades for 2016 is up double digits 3 weeks into 2016 — zerohedge (@zerohedge) January 22, 2016 Commodity fund friend tells me they’re
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Most people don’t associate love with financial health, but your choice of life partner will be one of the most important financial life decisions you make. Staying single decreases your risk of ruin by marrying the wrong person, but getting married drops your expenses in half and doubles your chances of financial success. You have to love and
The 7 Most Important Money Decisions of Your Life Read More »
We are not in Kansas anymore, Toto. Just as Dorothy learned that Oz was different than Kansas, new traders, perma-bulls, and buy-and-hold investors are learning that a downtrend and market correction is not the same as a bull market or range bound market. Oversold levels can become more oversold, lows can get lower, and price support
We Are Not in Kansas Anymore Read More »
Trader Profile: Meet John Walsh, the Cabbie Trader The article is shared here with permission from Steve LaMoine at The Turtle Follower I am extremely excited to bring another layer of education to the blog. Over the next few months I have lined up interviews from top traders within the trading world. Some are trend
Trader Profile: Meet John Walsh Read More »
I have been active in the stock market in some form for over 20 years. I have made money in several different ways, looking for a good fit for my personality that allowed me to accomplish my life goals. I started as a mutual fund investor and evolved into a trader of stocks and options. My trading
Investing Habits 101 Read More »
$SPY is currently in a correction after falling over 10% from all time highs. The 5 day EMA has been the end of day resistance for all of 2016 as $SPY has been in a strong short term downtrend. On Friday the $SPY bounced near a triple bottom support line. Friday’s candlestick was a bullish
The $SPY Chart Enters the Bounce Zone Read More »
The Cure for Market Fatigue and Frustration Making money by trading less – 10 situations when not to trade Why Successful Traders Choose Simplicity Over Complexity How Do I Trade Wiseguy Activity? If You’re Reading This It’s Not Too Late
Top Trading Articles: 1/16/16 Read More »
Markets YTD pic.twitter.com/CzTlZavr9g — Rudolf E. Havenstein (@RudyHavenstein) January 15, 2016 We are at major support right here. Look at the chart. pic.twitter.com/woLP4H6hPH — 3:30 Ramp Capital™ (@RampCapitalLLC) January 15, 2016 Most of the good traders I know are making a deliberate effort to stay away from the screens. — Assad Tannous (@AsennaWealth) January 13,
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Good trading is very basic; it’s trading with an edge to capture a trend in your own time frame, while managing your risk exposure carefully with the right position sizing and stop loss. There are endless ways to trade badly. You can change these if you make an effort and become self-aware. Be on the lookout
20 Terrible Ways to Trade Read More »
2015 was a range bound market that lacked breadth. A few stocks like Facebook, Amazon, Netflix, Google, and Microsoft held up a weak internal stock market. 2016 went into a quick correction of over 10% from all-time highs. The energy sector and oil continues to go lower and lower. Small caps have fallen below
5 Signals That Will Prove the $SPY Could Reverse Read More »
You will definitely lose money in the stock market. The only questions are when and how much? The best strategies lead to small losses when they occur. A better question might be, “After I lose money, then what?” Then you will have learned lessons that better prepare you to make money in the future. Well, if
But What If I Lose Money? Read More »
There was a question asked on finance Twitter recently by a wealth advisor that went something like this: “Okay, so you got out of the stock market and into cash in your 401K, so when do you get back in?” Portfolio managers believe in the long term, with asset diversification and quarterly rebalancing of your stock holdings
When Do You Get Your 401K Back Into Stocks? Read More »
Last week, the market shifted from range bound to a short term downtrend as it broke through the October gap up in price. We have shifted to a market environment where selling the rallies short is being rewarded with profits, and buying dips and price weakness is being punished with losses. $SPY is trading
The Downtrend Cometh: $SPY Chart Read More »