2012 I had 500 followers-Now I have 26,000-But I thot by now I'd have over 1 million followers-So please tell all your friends 2 follow me — Mr. Breakout (@sharptraders) April 8, 2015 If they don't get those Bloomberg terminals back online soon, I fear a major lacrosse game could break out downtown… — Downtown […]
Top Tweets of the Week 4/17/15 Read More »
#1 Livermore’s wealth was built primarily from big position trades that lasted for weeks or longer. He made his big money holding a trend not scalping or day trading. Which was very difficult in those days with commission costs and speed of execution. “Money is made by sitting, not trading.” #2 Livermore pioneered the idea
Jesse Livermore’s 10 Key Principles Read More »
Trend Following – Learn to make millions in up or down markets – by Michael Covel is the Bible for trend following traders. The book is well written and contains the key principles that the most successful money managers use to profit from trending markets. After personally reading over 200 stock trading books I have
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I bought $UDOW at $141.92 on April 7th, as $DIA pulled back to the 50 day line and stayed above it. When trading leveraged ETFs, it’s crucial to trade them using the regular ETF, as compounding daily losses and gains distorts the leveraged chart that is a derivative of the standard ETF. $DIA
$DIA: My Favorite Equity Index To Own Today Read More »
AAPL Surfing the 50 day up The interesting thing about the current $AAPL chart, is that it is a neutral pennant pattern with the 50 day SMA line creating a rising support, and the upper resistance trend line declining. A close above the upper trend line, or a close below the 50 day SMA,
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I entered $TNA on March 12th after a gap and go over the 5 day EMA, after a bounce off the 50 day, near the end of the day at $85.85 I set my end of day stop for a close under the 5 day EMA. My position size limited my loss to less
My Profitable March 2015 $TNA Trade Read More »
Last week the chop continued as all the bearish signals of another down leg had no follow through, and the market rallied slowly and steadily to trigger bullish signals. On Monday $SPY broke out over the 50 day, 5 day EMA and short term resistance to signal a buy. Intra-day noise last week was
$SPY: Whipsaws, Chop, & Resistance 4/12/15 Read More »
4 Core Beliefs That Define My Trading “Edge” 17 Reasons Why Traders Love to Trade 6 Ways to Improve Your Self-Discipline Today Paul Tudor Jones on the 200-Day Moving Average The Reason Why Support And Resistance Trading Is Not As Easy As You Think
Top Trading Articles: Week 4/11/15 Read More »
BUT WHAT DOES IT MEAN? RT @businessinsider: Extremely rare black flamingo seen in Cyprus: http://t.co/42EbYJbEYN pic.twitter.com/VsPl2ubOBG — Downtown Josh Brown (@ReformedBroker) April 9, 2015 RT @ritholtz: Analyst Career RIsk pic.twitter.com/79mLCx8nPA — Downtown Josh Brown (@ReformedBroker) April 8, 2015 #Tsarnaev verdict so far: GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY — Grasswire (@grasswire) April 8, 2015 "I want all of the market's
Top Tweets of the Week: 4/10/15 Read More »
The late William O’Neil is likely one of the greatest stock traders of our time. O’Neil made a large amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. Today, he runs a successful investment advisory company to big money firms, and is also
William J. O’Neil’s 10 Trading Principles: Read More »
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.
Ed Seykota’s 10 Top Trading Principles Read More »
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
Paul Tudor Jones 10 Trading Principles Read More »
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
12 Signs You’re in a Bad Trade Read More »
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.
10 Facts about the $SPY Chart 4/5/15 Read More »
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
5 Top Trading Articles: Week 4/4/15 Read More »
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)
Top Tweets of the Week: 4/3/15 Read More »
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
Laughing At Wall Street Read More »
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
The Little Book of Trend Following Read More »
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
The Trend Commandments Read More »
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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