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
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$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
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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
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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
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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 »
SPOTTED: Bears pic.twitter.com/C3huhjzl9S — Northy (@NorthmanTrader) March 18, 2016 When looking to short into major resistance average in and look to short the majority of your position with the momentum on the way down. — Assad Tannous (@AsennaWealth) March 18, 2016 Everyone that tries to pick what the Fed will do should keep in mind
Top Trading Tweets: Week 3/18/16 Read More »
This is a guest post from Raj Patel, @LucidTrend. You can see more of his work at www.Lucid-Trend.com What is the value of a weather report? We watch weather reports for two reasons: First, we can plan ahead and use our time wisely. You don’t want to plan a trip to the beach if there
Set Your Sails to Catch the Wind Read More »
Here are ten good trades a trader can make concerning psychology, risk management, and methodology. We must turn bad behaviors into good behaviors to turn a profit. Trade big losses for small losses through positions sizing and stop losses. Trade small wins for big wins through trailing stops and letting winners run. Trade predictions for price
10 Great Trading Principles Read More »
“The Holy Grail is not what you would expect it to be. It is something that is different for each person. It’s a hidden secret you have to discover for yourself but it is obvious once it is realized.”- David Mobley, Sr. Most new traders go on a quest for “The Holy Grail” of trading.
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We finally see volume coming in on Thursday and Friday as the market moves higher, this is bullish. Bullish Slow Stochastics Crossover. Bullish to have a declining ATR. Bullish MACD. Bullish to be over the 10 day EMA, but price needs to consolidate here as price is extended from the 10-day EMA. Bullish $SPY breakout
Bulls Won: $SPY Chart 3/13/2016 Read More »
How To Improve Your Performance Analysis To Immediately Become A Better Trader Trading With Your Brain–And Your Gut @Trader_Dante Trading Education Introduction Damn Ramp, Back At It Again
Top Trading Articles 3/12/16 Read More »
Two things define you as a trader. Your patience when the market isn't giving and your attitude when it is. — Assad Tannous (@AsennaWealth) March 10, 2016 Patience is the most under utilised tool in trading. It's my biggest edge. I'd rather be patient and miss a trade than be impatient & rash. — Assad
Top Trading Tweets of the Week: 3/11/16 Read More »
Here are 5 basic technical indicators to get you started in trading price action instead of anyone’s opinions or predictions. Moving averages tell you the trend in your time frame based on what side price is on in relation to the moving average, price above the moving average can be bullish while prices below it
5 Technical Trading Tools Read More »
Here are 7 of the most popular charting websites online. These sites are where you will find the best software and charting packages online. Find the one that you like the best and is the easiest to use so you can spend your time and effort in studying historical chart patterns. StockCharts.com TradingView.com Finviz.com MarketSmith.com FreeStockCharts.com
7 Of the Best Charting Websites Read More »