Ed Seykota is one of the best performing money managers of the past 40 years. He made many clients millionaires. Mr. Seykota was a trail blazer in using computers to back test trend following systems when he had to use punch cards to do it. Here are the principles that made him a trading legend. […]
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Paul Tudor Jones is one of the greatest traders that’s ever lived. He has the long term record to prove it. Here are 10 principles that made him a successful and profitable trader. #1 He has a strong work ethic based on passion for the business. “The secret to being successful from a trading perspective
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Your entry is based on your opinion not a valid signal. Your bet is that a trend will change with no reason behind the bet. You are entering out of greed after a big move. If you are wrong about the trade you will suffer a huge loss. You enter a trade with no stop
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The long term trend is still up. The short term trend is down with price under the 5 day ema & 10 day sma. $SPY is still under the 50 day sma and presents the danger of a deeper dip before another leg up. Momentum buy signals are failing as selling into strength continues.
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10 Things I’ve Learned About Trading Over The Past Decade March Trader Profile: Angling for efficient returns 6 Ways to Improve Your Self-Discipline Today Five Techniques to Improve Your Luck How Your Language Signals Trading Mistakes In Advance
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Looks like we are in a “bad news is bad news” and “good news is bad news” environment. — traderstewie (@traderstewie) April 3, 2015 in wake of today’s jobs report, who should be more ashamed: all the forecasters who missed by a mile, or anybody who listened to them? #WSJ — Jason Zweig (@jasonzweigwsj)
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How Chris Camillo Beat the Pros at Investing (by Reading Tabloids, Shopping at the Mall, and Connecting on Facebook) and How You Can, Too How did author and investor Chris Camillo turn $20,000 into $2 million in only three years during a bear market? It was not
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Strategies for Big Winners Michael Covel has spent over a decade making trend trading accessible to the average investor. Those who have listened and taken heed to his advice have done well in the wild markets over the past four years, while buy and hold investors have ridden the proverbial price roller coaster to
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Michael Covel has written an easy to read and understand book entitled “Trend Commandments: Trading for Exceptional Returns” FT Press, that condenses and explains the principles of successful trend followers. This book is based on the author’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Paul Tudor Jones, the
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This post originally appeared in the Student Forum on www.NewTraderU.com. Thank you Salman for letting me share it with my blog readers. Guest Post by: Salman Merchant These are my two cents, and since I’m only a novice trader I can only speak from intuition: Since there are a great number of strategies and trade
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I am flat coming into today. No positions. — Steve Burns (@SJosephBurns) March 25, 2015 Monday and Tuesday warned me to exit my long positions with a failure to make higher highs and then Tuesday with a close below the previous days low of day. I went to cash on Tuesday. The bears put
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Much Ado About IPO Lockup Expirations: Data and Stats Why Courage is Key to Trading Success 6 Things That Separate The Pro From The Amateur Trader That You Can Change Right Now The 22 Rules of Trading of @gtotoy The History and Rationale of the Broadening Formation https://www.youtube.com/watch?v=83qFdyTgnds
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@SJosephBurns are you quoting from a woman's guide to one night stands again? — Northy (@NorthmanTrader) March 24, 2015 @zerohedge Fidelity's "contrarian" fund loves Apple, Facebook, and biotech. Someone give Danoff a copy of Merriam-Webster. — Mike A. (@ThePauper1) March 24, 2015 Eliminate emotion by setting a plan BEFORE u enter a trade. Plan
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The Most Popular Forex Companies on the Web Popular Forex Companies Find out the rankings of each Forex company website based on their: Google Rankings Website Refferals Website Trust Social media shares and more.
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The Psychology of Trading: Tools and Techniques for Minding the Markets Author Brett Steenbarger has done a great job with this book. He covers what I personally believe is the most important element in trading: psychology. New traders will probably not last through their first year in the markets without blowing up their accounts by
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The difference between traders that rely on their instincts and chart reading abilities and those who are pure system traders. Discretionary Traders… …trade information flow. …are trying to anticipate what the market will do. …are subjective; they read their own opinions and past experiences into the current market action. …trade what they want and have
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The Three Skills of Top Trading: Behavioral Systems Building, Pattern Recognition, and Mental State Management by Hank Pruden shows how traders must learn to combine three crucial skills in the markets to become a top trader. Pattern Recognition and Discretionary Trading The author uses the Wyckoff method to show chart representations of how hot stocks are
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Next resistance level is all time highs at $212.97 there is a high probablity we get there next week. The RSI is bullish and there is room to get back to all time highs without becoming over extended. $SPY had a bullish MACD crossover on Friday. All near term support lines held last week.
10 Facts about the $SPY Chart: 3/22/15 Read More »
Bridgewaters’ Ray Dalio Explains the Power of Not Knowing Markets are Dynamic and Your Trading Strategy Has to Be Too Why Endurance is the Key to Trading Success Four Simple Ways to Achieve Any Goals You Set
5 Great Trading Articles: 3/21/15 Read More »
Top Trading Tweets of the Week: 3/20/15 Stocks Open Sharply Higher On Increasing Macroeconomic Uncertainty, Unprecedented Geopolitical Risk — Downtown Josh Brown (@ReformedBroker) March 20, 2015 “Time of maximum pessimism is best time to buy, and time of maximum optimism is best time to sell.” John Templeton. pic.twitter.com/M1TTHG7A1A — Ed Matts (@EdMatts) March 15,
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