Over trading is when a trader takes a trade based on fear, greed, desperation, or ego instead of a valid entry signal. Over trading is due mostly to wanting to be profitable so bad that impulses are driving decisions instead of a trading plan. If a trader has an edge over the markets then […]
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A big part of trading is to stop doing the wrong things. Even if you do the right things and don’t stop doing the wrongs things you will not be profitable in the long term. Doing the right things as a trader can make you money but doing the wrong things can lose you even
A Trader’s Stop List To Get to Profitability Read More »
Instead of profiting from one of the greatest bull markets of all time perma-bears waste this opportunity with these excuses: 10 Things Stubborn Bears Say In Bull Market It just can’t go any higher. “It is due for a pullback.” “All time highs? That’s bearish.”
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Ten Things That Are Expensive For Traders. Egos. Emotions. Not respecting the mathematical risk of ruin. Gurus. Television. Trading without a methodology. Trading with no trading plan. Stubbornness. Trading without a stop loss. Trend fighting in your time frame. Over trading. Taking bad entry set ups. Copying someones trades with no knowledge of their position
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The last four trading days has been in a $200.55 resistance and $198.56 support range hardly a down trend of bearish. The long term up trend is still intact and price is still within striking distance of all time highs. The 21 day ema has acted as end of day support since that line was
Ten Fast Facts About The $SPY Chart 9/14/2014 Read More »
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Weekend Reading for 9/12/14 Read More »
I've traded since 1976. A golden rule is this: "Silver bulls and their money are eventually parted." $SLV — Peter Brandt (@PeterLBrandt) September 11, 2014 @SJosephBurns I know, I know, I need to ask myself "WWSBD" before making / not making a plan for the trade. #ManvsSelf — J. Bob O'Malley (@jimomal77) September 11, 2014
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Ten Annoying Things That Traders Do On Social Media Attacking another trader’s position without understanding the time frame or the position size of one of the trade. Trying to be a teacher of trading when they should still be students. Trying to make a living off selling services to traders and not even trading their
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In strong market up trends the 21 day ema acts as support for pull backs in major market indexes. This is our line in the sand right now. I am holding a full size $SPY position with the loss of the 21 day ema as my end of day stop. If this 21 day
The Current Key Moving Average Support for $SPY $DIA $QQQ Read More »
“Don’t marry hot stocks, just date them.” Hot stocks are only good when they are in up trends, when the party is over you have to break up with them. Hot stocks are great to trade in and out of but you don’t want to turn them into a life long investment. A good stock
7 Ways A Hot Stock is Like A Hot Girlfriend. Read More »
The Ten Reasons Why So Many Traders Lose So Much Money: One of the biggest reasons that many traders lose money is that they simply trade with no plan. Their entries, exits, and position sizes are simply random opinions so they have no edge, and their money is taken by those traders that
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The $SPY is currently in a short term range with $199 as support and $201.50 as resistance. These levels have held for the past two weeks. $SPY is in overbought territory having gone too far too fast and needs to build a price base at these levels to enable it to continue to trend
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The Role of Luck in Trading Playing to Win: How Strategy Really Works YOU MIGHT BE A TRADER IF: Part Deux Trading: Breaking the Beginner’s Cycle Maintain Your Mindset: Using the Three R’s & Positive Thinking
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Look, you just press here & when it doesn't work you press it again…and again… pic.twitter.com/tDi2p8WrMC — TheNorthman (@NorthmanTrader) September 4, 2014 What’s wrong with the stock market that makes it unresponsive to such a huge miss on the jobs numbers? Lottery Fever – that’s what. — Christopher Ebert (@OptionScientist) September 5, 2014 I try
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How the BIG Google Trades went down last week – http://t.co/brnl99bK0l — Bob Lang (@aztecs99) July 23, 2015 Jun 29 “Selling Puts Vs. Buying Calls In Bull Markets” http://t.co/5xDRIarAkC — Christopher Ebert (@OptionScientist) September 1, 2014 $TSLA new highs are you surprised…LOL — DK1 (@canuck2usa) September 4, 2014 $TSLA beautiful —
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Be a bull primarily in an equity bull market by buying dips. Be a bear primarily in an equity bear market by shorting strength. Keep your watch list limited to what you actually know how to trade based on research. Trade position sizes big enough to make a win manner but small enough to keep
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The battle for trading success primarily takes place internally for the trader. The external results of long term returns are generally caused through behaviors that arise from within the trader themselves. Most successful trading systems arise due to the discipline of the trader to do the work to create the robust system. Robust trading
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In trading, the past is where you go to test ideas. Studying past price data will reveal historical patterns and trends. You will see how the emotions of fear and greed can effect financial markets causing things to move far beyond what should be possible based
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After the long run up from the recent bottom the risk/reward has shifted against the bulls. The downside risk of a pull back is greater than the potential upside for bulls to gain more profits at these lofty levels. In the short term time frame $SPY has begun a trading range with basically a $199
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Psychology: The Five Trader Personality Types, Which One Are You? Mental Model: Circle of Competence The Essence of a Trading Process Goals vs. Systems Why Being Yourself Is The Key To Being A Successful Investor
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