Single trades mean nothing outside a trading system that is executed consistently with discipline and risk management. One trade can be as much luck as skill. Any single trade entry has a 50/50 chance of moving in your favor on entry and being a short term winner. 10 Reasons Why Short Term Results Mean Nothing: […]
Why Short Term Results Mean Nothing Read More »
$SPY failed to break out of all time highs last week. $SPY has gone no where for a year back to the same price levels of early 2015. $SPY is still holding over the long term the 50 day and the 200 day moving averages. RSI is near neutral at 50.32. $SPY had a reversal
10 $SPY Chart Facts 5/1/16 Read More »
If you want a million Dollars trading, don’t focus on the money. Do this instead…. When the Markets Are Volatile, Sometimes the Best Thing to Do Is Nothing Why People Overestimate the Risk of Black Swan Events Unmasking the Men Behind Zero Hedge, Wall Street’s Renegade Blog The Full Story Behind Bloomberg’s Attempt To “Unmask”
Top Trading Articles: Week 4/30/16 Read More »
As wretched as I’m sure many of you are, trading is a profession that will require you to improve yourself as a person in order to succeed. — Walter White (@BreakingOutBad) April 29, 2016 The best traders have strong patience and excellent market timing. Focus on each of these to decrease your trade quantity, increase
Top Trading Tweets: Week 4/29/16 Read More »
The old darling of the last bull market Apple’s chart has lost it’s way. Apple’s only sin was to not set a new earnings record. Carl Icahn then piled on announcing he had exited his Apple stock completely today. To say this sell off is overdone is an understatement from a fundamental and technical perspective.
2 Stocks Near Support Levels $AAPL $TWTR Read More »
Options are simply trading vehicles. The level of their risk is correlated to your position size and the odds of success in your timeframe before the contract expiration. The same principles of profitable trading apply to options that apply to the rest of the financial markets. The difference is that with option contracts to represent positions you
The Basics Facts about Options Read More »
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
The Anatomy of a Good Trade Read More »
$SPY is bullishly above all key moving averages. The $SPY 50 day/200 day golden cross is historically bullish. The MACD is showing a bearish cross and beginning to go sideways here showing a trading range. The slow stochatistics is still under a bearish cross here. The ATR continues to decline which is bullish. The 63.62 RSI
Sideways $SPY Chart Facts 4/24/2016 Read More »
Taking a close look at Rolf of Tradeciety’s 4 trades of last week S&P 500 May Be Headed To New All-Time Highs – Here’s Why Limiting Your Challenges vs. Challenging Your Limits Don’t be this guy How to use candlestick patterns to identify stock market early reversal signals
Top Trading Articles: Week 4/23/16 Read More »
When asked what it feels like to be the best guitarist alive, Eric Clapton said, "I don't know. Ask Prince." — Justin Paterno (@zerobeta) April 21, 2016 Uber just overtook rental cars as a % of business travel expenses. Hertz and Avis have denied this possibility.https://t.co/viqHrsNJIr — Downtown Josh Brown (@ReformedBroker) April 21, 2016 McDonalds
Top Trading Tweets 4/22/16 Read More »
Beware of Forex bucket shops that pretend to be brokers but really trade against you. Many times killing accounts with big bid/ask spreads. If you see a ‘broker’ or trading service using attractive female photos to push some service off on traders stay away. Trading newsletter writers that don’t even trade. They issue a lot
10 Types of Con Artists in Trading Read More »
Bullish gap up on Wednesday help support at the low of they day for the rest of the week. $SPY price is above all key moving averages showing an uptrend. The MACD almost has a bullish crossover. The Slow Stochastics has a bullish cross and is showing momentum. The ATR has begun to decline again.
The Stuck $SPY Chart 4/17/16 Read More »
It’s not your fault that you are losing – 18 biases that explain why traders make mistakes @Tradeciety You can’t beat all the chimps @clenow Markets trend just 12% of the time. Rest of the time they are going sideways or counter trend. Position Sizing Methods for Trend Following CTA. Target Volatility Book Review: “The
5 Great Trading Articles 4/16/16 Read More »
Sorry, virtual reality already exists. It’s called college. — Downtown Josh Brown (@ReformedBroker) April 7, 2016 Always hit your stops. Sell first, ask questions later. Things appear so much clearer outside the trade, you can always buy back. — Assad Tannous (@AsennaWealth) April 13, 2016 Know when the markets compliment your style. There are times
Top Trading Tweets: Week 4/15/16 Read More »
There are two very different types of traders, one that wins and one that whines. Whiners hardly ever win and winners rarely whine. Trading is a tough business and you have to be able to keep the right mind set to get you through the rough spots. When the markets start trying to knock you off your trading plan and
Winning Trader, Whining Trader Read More »
Do you still have days when you are 100% sure about a trade. You just can’t lose, the stock that is dropping was a real buy and it has already fallen a great deal so it could not possibly fall any farther. Can it? So you wait and then plunge in, you can’t lose so why
Your Most Dangerous Trade Read More »
Traders do not make money on every trade, most don’t even make money on half their trades. It is not like other careers, jobs, or hobbies where you learn how to do something then simply work hard and then get paid. A trader in the financial markets pursuit of profits is more like the life of
Pain Management for Traders Read More »
What I learned from Nicholas Darvas via @LucidTrend Market Update: The Growing Tension On The Tape via @SeeItMarket 2 trades last week and a great lesson about reversal trading via @Tradeciety Creating Your Trading Future via @steenbab Exits: know when to hold ’em, know when to fold ’em via @AdamHGrimes
5 Great Trading Articles: 4/10/16 Read More »
$SPY is at the same price it was at in December of 2014. $SPY has simply been trading in a range for over a year with two corrections sprinkled in. The 200 day has gone flat. RSI is still bullish at 56.94 but under the 50 RSI and we could go lower. $SPY is back over the
$SPY Chart Indicator Readings 4/10/16 Read More »
This is a top notch book on the psychology of trading. It directs the reader to the core of what it takes to maintain the right mindset as a trader. Traders share the same stressors that entrepreneurs have and must manage the mind first before the money can really flow. A trader must continue to
If Buddha was a Trader Read More »