@SJosephBurns the inches between your ears — John (@john_turnipseed) November 6, 2014 @SJosephBurns @ChrisGrobbel @RobInTheBlack It’s called the SAMPAP pattern: Screw As Many People As Possible — Northy (@NorthmanTrader) November 5, 2014 Pretend your entire portfolio was oil stocks for the last month, that’s what 2008 felt like — D Robertson (@IncomeTrader) November 4, 2014 […]
Trading Tweets of the Week 11/7/14 Read More »
Blessed are the humble traders, for they will cut their losses. Blessed are those who hate to lose capital, for they will be not become too greedy. Blessed are the disciplined traders, for they will be profitable. Blessed are those who hunger and thirst for trading knowledge, for they will learn what really
The Beatitudes For Traders Read More »
1. Nothing new ever occurs in the business of speculating or investing in securities and commodities. 2. Money cannot consistently be made trading every day or every week during the year. 3. Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion. 4. Markets are never
Jesse Livermore’s 21 Trading Rules Read More »
I entered $TQQQ at $83.13 based on the $QQQ chart as it broke above the 50 day sma. This has been a profitable buy signal over the past 4 years. My stop was a close below the 50 day sma. With the first gap and go I moved my stop to a close below
My Simple and Effective $TQQQ Trade Read More »
Charts courtesy of stockcharts.com and @361Capital These are the kinds of charts that can trick so many because the only selling pressure at all time highs is the pressure to take profits. The longs aren’t being stopped out for losses if they are placed correctly outside the normal intra-day price noise. The pressure
10 Facts About the $SPY Chart- 11/2/14 Read More »
20 Mind-Boggling Facts About High Frequency Trading (Infographic) Optimizing your mental trading system Survivorship Bias: Trend Following Clarification The Secrets I Learned from Jesse Livermore Warren Buffett’s 5-Step Process for Prioritizing True Success (and Why Most People Never Do It)
Articles For Weekend Reading 11/1/14 Read More »
@SJosephBurns on vacation so i put some position trades on, best returns ever, boy do i screw things up when i sit in front of my computer. — Pearlstein (@zoloftrader) November 1, 2014 @SJosephBurns I love people who argue who don’t have skin in the game…I’m showing you where I’m putting my $…What are you
Top Tweets of the Week 10/31/14 Read More »
Trading Rules From A Professional Trader: Richard Weissman 20 Golden Rules For Traders by Alan Farley Dan Zanger’s 10 Golden Rules The Art of Trading: Golden Rules. From @TraderStewie Dennis Gartman’s 22 Rules of Trading
5 Links to Great Trading Rules Read More »
As traders, we try to do constructive things that build faith in ourselves, and confidence in our trading systems. We want to stay on the right path and not wander into the wilderness of destruction. Here are the seven things that we must be cautious of for the sake of profitability. Blaming outside
7 Habits Of Highly Destructive Traders Read More »
Chart courtesy of stockcharts.com The 50 day sma was broken and closed above which is a buy signal. The 200 day was broken and closed above today which is a buy signal. The MACD is bullish $IWM has been trading above the 10 day sma for 8 trading days. The momentum has been
10 Fast Facts About the $IWM Chart Read More »
“A triathlon is a multiple-stage competition involving the completion of three, continuous, and sequential endurance disciplines. While many variations of the sport exist, triathlon, in its most popular form, involves swimming, cycling, and running in immediate succession over various distances.” – Wikipedia Trading is a three-dimensional competition that requires the management of three continuous, simultaneous,
Why Trading is Like a Triathlon Read More »
Charts courtesy of stockcharts.com Last week suddenly the fear was turned off and the greed was turned on. The Ebola bottom held with an inter-day loss of the 30 RSI and the close back near that level by end of day. Bearish signals continue to be bullish in this relentless bull market. $SPY &
10 Fast Facts- $SPY & $QQQ Charts Read More »
PAUL TUDOR JONES: Commodities Will Be Ugly Until At Least 2020 Why Your Trading Strategy Is Still Good After 10 Losing Trades (Infographic) Markets don’t always react the way investors expect, so I focus on what is actually happening Keep an eye on your portfolio heat What is Different About This Market?
Articles For Weekend Reading 10/25/14 Read More »
The wildly different response to Ebola betw mathematicians & psychologists/journalists exposes the gap between rigorous and verbalistic. — Nassim NicholنTaleb (@nntaleb) October 24, 2014 All bad news is good news, if bulls can’t exceed yesterdays highs with Ebola, Euro banks, oil tanking & $AMZN crushed what will it take? 😉 — Northy (@NorthmanTrader) October 24,
Top Tweets of the Week 10/24/14 Read More »
Almost everyone has read the statistic that 90% of active traders are not profitable and eventually quit trading. While I don’t have the exact numbers, I suspect that a lot of those traders blow their entire trading account before they quit. Even many legendary traders like Dan Zanger, Nicolas Darvas, and Alexander Elder lost a
8 Easy Ways to Blow Up Your Account Read More »
“Stay in the center of the circle, and let all things take their course.” – Lao Tzu For long term profitability a trader must develop an edge over other traders, and then leverage that edge using discipline. Money comes from a trader’s ability to develop a system of robust entries and exits, and trade
10 Ways to be in the Circle of Profitability Read More »
Candlestick trading patterns pic.twitter.com/TBWHVqYXAY — Steve Burns (@SJosephBurns) October 20, 2014 Day Trading vs. Swing Trading pic.twitter.com/m7JnMXnwC1 — Steve Burns (@SJosephBurns) October 17, 2014 You know its a bad down day when the price candle is inside the volume bar. $SPY pic.twitter.com/peyTUAClir — Steve Burns (@SJosephBurns) October 15, 2014 Traders on a date be like…
15 Popular Tweets 10/21/14 Read More »
Last week the markets did things that have not happened in a long time all of them pointing to a down trend and a structural change in the market. The 200 day was lost and then the market dropped dramatically. The 200 day has held as support since 2012. The 30 RSI was lost
10 Fast Facts- $SPY Chart 10/19/14 Read More »
Lessons From Dorsey Wright’s Thomas Dorsey How Often Does the Stock Market Correct? Fat F1nger Trading Blog Random Thoughts Why ‘Alpha Capture’? I am
Weekend Reading 10/18/14 Read More »
@SJosephBurns @Malkwise @MrTopStep Yum on a gluten free roll please. — RF (@AVsDaddy) October 17, 2014 SPX 20 handles off the highs. Thanks a lot, profit takers. — Irrelevant Investor (@michaelbatnick) October 17, 2014 Need a central banker on the tape to restore BTFD confidence quick here — zerohedge (@zerohedge) October 17, 2014 @SJosephBurns The
Top Tweets of the Week 10/17/14 Read More »