Why do smart traders do dumb things? It is usually an issue with overwhelming emotions, and not intellect, when bad trades happen. Here are a few of the primary reasons that traders struggle. ~The biggest cause of trading a position size that is too big? It’s the greed of wanting the big win that makes […]
Why Traders Do Dumb Things Read More »
Early on, new traders will want to give up. Particularly when they figure out that the first few years are more about studying and paying tuition in losses, than in making money. Trading is a two-sided competition, and you have to be on the right side of the trade to make profits. Not only does
7 Reasons to Never Give Up Trading Read More »
Here are four trading books that are currently free on Amazon Kindle: BULLSH*T FREE GUIDE TO IRON CONDORS Kindle Edition Options Trading Successfully for Beginners Stock Trading: Tips for Trading Stocks FOREX Trading Simplified: Beginner’s Step-by-Step Guide
4 Free Trading Books on Amazon Kindle 6/22/15 Read More »
$SPY ran into one of the key 2015 resistance levels at $211.55 Friday. The stock market is still range-bound, with a 2.56% $SPY return in 2015. For the last two months, the dip buying zone has been $207 on $SPY. This market continues to be a swing trader’s market, with a lack of a breakout
10 Fast Facts About the $SPY Chart: 6/21/15 Read More »
How To Know Whether Emotions Affect Your Trading By Rolf @Tradeciety Greek Financial Crisis: Why Traders Should Tread Lightly On Opinions By Andrew Nyquist When Strengths Are Weaknesses And Weaknesses Are Strengths By Brett Steenbarger Uncertainty is not the same thing as risk By Seth Godin Hedge Fund Market Wizards by Jack Schwager
My 5 Favorite Trading Articles: 6/20/15 Read More »
The reason we're all getting sick of the Greek drama is they haven't killed off any main characters yet and its already season 5. — Downtown Josh Brown (@ReformedBroker) June 15, 2015 The year is 2065: -Fed Chairman Steve Liesman III swears first rate hike in 60 years will take place in December -Greece deal imminent
My Favorite Tweets of the Week: 6/19/15 Read More »
Here are trading professionals, market wizards and millionaires, that are on Twitter and share with their followers. These are real-deal traders that can add incredible value to your tweet stream. Algorithms make better decisions than humans. Our biases get in the way & past performance cannot predict results. http://t.co/kz34SOPKKc — Jerry Parker (@rjparkerjr09) June 18,
6 Trading Wizards to Follow on Twitter Read More »
They sue Brad Pitt for unreceived royalties for his part in the movie, “Troy”. They sue Michigan State for the use of “Spartans”, and USC for calling themselves the “Trojans”. They sue the creators of the movie “300”, despite the fact that it was all computer generated. They sell the Parthenon. They sue all democratic
10 Solutions for the Crisis in Greece Read More »
Many people spend more time planning their vacation than their financial future. This is why too many end up nowhere. Self-control, education, saving, investing, and trading are paths to building net worth. We earn money by creating value for customers, a company, or ourselves through education and experience. Our net worth is the difference between
5 Life Changing Personal Finance Books Read More »
1) Warren Buffett Warren Buffet has the uncanny ability to find the right person for the right job. “Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s
5 Superpowers of Billionaires Read More »
2015 is a range-bound year for equities, with $SPY returns sitting at 3.18%. In range-bound markets, horizontal trend lines that define support and resistance are more desirable than vertical, slanting trend lines. Moving averages are for identifying support and resistance, not trends in this type of environment. Stocks as an asset class are not being
10 Facts about the $SPY Chart 6/14/15 Read More »
These 4 Questions Will Keep You From Making Trading Mistakes Trade Setups: Understanding the Backtest Could Stocks Surprise Significantly In Next 15 Years? What trading over the course of five different decades has taught me about drawdowns Goldman: Why ETF Assets Will Double to $6 Trillion by 2020
My Favorite Trading Articles 6/13/15 Read More »
*whispers* you guys, there’s only a substitute ceo, you can do whatever you want on here today — Downtown Josh Brown (@ReformedBroker) June 12, 2015 Futures Symbols FYI http://t.co/X5xFdhOEus — DK1 (@canuck2usa) June 12, 2015 But don't let these new highs get in the way of your narrative. It's only price. — Jon Boorman (@JBoorman) June
My Favorite Trading Tweets: Week 6/12/15 Read More »
In a sea of trading blogs, there are some that truly stand out. Here are the ten that I frequent, for their honesty, content, quality, and usefulness in my pursuit of trading excellence. I share them with you in the hopes that they will aid you in your trading journey. Tradeciety.com One of the
My 10 Favorite Trading Blogs Read More »
Every Spring, it rains in Nashville. A lot. This Spring is no different, with torrential rains flooding our neighborhood. It’s annoying when it happens, and sometimes, even dangerous. But ultimately, it brings us necessary rain, and almost always gives us something very special: a rainbow. A rainbow is a sign of new beginnings, and
What Rainbows Can Teach Us About Trading Read More »
Here are two interviews I did with Trend Following expert and author Michael Covel a few years ago. Interview #3 has been completed and will be released soon. I received a lot of positive feedback from these and I hope you find them helpful in your trading journey. https://www.youtube.com/watch?v=uW34HL0Nl1c https://www.youtube.com/watch?v=r-3hhcupitI
My Two Michael Covel Interviews: Read More »
$SPY is currently range-bound between $208 and all-time highs. The RSI is showing short term distribution at 44.61. The MACD is still indicating distribution after the bearish crossover and downward trend. The high probability buy point is at the alignment of the $208 price/
10 Facts About the $SPY Chart: 6/7/15 Read More »
Debunking the Myths Around Systematic Investment Stock Market Breadth Indicators Still Showing Weakness Margin Debt: What Does History Say About New Highs And Stock Returns? Trading Risk: Handling Probabilities & How To Control Risk Better – Part 1 The Reformed Broker on rates, jobs, stocks and the economy
5 Great Trading Articles 6/6/15 Read More »
Remember when it was blasphemy to accuse the Fed of pushing stocks higher — zerohedge (@zerohedge) June 3, 2015 Gartman bullish again https://t.co/yKlFpcoqDe — zerohedge (@zerohedge) June 4, 2015 Patience is the Key…wait for the trade to come to you…Nothing worse than trading just to trade > @SJosephBurns @kingfiggz — Mr. Breakout (@sharptraders) May 30,
My Favorite Tweets of the Week: 6/5/2015 Read More »