NEVER add to a losing trade, look to get out of it not to make it a bigger loss. Never allow a big winning trade to turn into a big losing trade. Trade price action using your trading plan, don’t try to trade the news, opinions, or your own fear or greed. If a gap […]

                YOUR EGO: It wants you to PROVE you are right, it wants you to trade big, the ego wants you to be confident in your ability to trade before you are competent in your trading through the right education and experience. YOUR FEARS: Fear makes you afraid

  If the stock market is in an up trend trade primarily on the long side and in a down trend short rallies primarily. The best way to lose money in the stock market is to fight the prevailing trend. Do not trade without a detailed trading plan covering entries, exits, position sizing, maximum positions

Rallying on Friday in spite of all the overwhelming bad news of bombing in Iraq and Putin threatening Ukraine is a positive signal for bulls. If that news can’t take the market down, what can? Last week all support levels held and prices bounced, this is what you would expect for the long term uptrend

CYNK market cap still $131 Million. Not bad for a company without employees that doesn't exist — zerohedge (@zerohedge) August 7, 2014 Hope you are in cash — Mr. Breakout (@sharptraders) August 8, 2014 Technical analysis to me is the study of price, if you don't believe in it is there some exchange you've found

  I am currently long $TNA from Thursday, $UDOW from Friday, and $SPY from Thursday. At this point in the market the risk/reward favors the longs. I am using end of day stop losses to filter out the intra-day noise and the increase in volatility both ways.  My position sizes are big enough that they

                          Never trade based on your own emotions. Trading based on your own greed or fear will put you on the wrong side of the market the majority of the time. To be a great trader you must stay humble. Big egos will

So far, so good….. Previous day support holds. Prices close above the previous days high. On the daily chart, the 30 RSI holds by end of day. A new trading range has developed over multiple days. The volatility expansion to the upside is greater than the volatility to the downside.

 The $DIA, $QQQ, and $SPY are still in long term up trends so far. Only $IWM has broken the long term uptrend by closing below the 200 day. $IWM has been the weakest index and $QQQ has been the strongest.  $SPY bounced near the 100 day and 30 RSI Friday. $DIA and $IWM did not

                  ‘Wisdom of the crowd’: The myths and realities Two Forms of Human Motivation: Gain And Prevent Pain Ride Winners and Cut Losers. Period. Stox & Technical Analysis for Traders Selling Short Online Share Trading: Breaking the Beginner’s Cycle One of the most important things we must

There is an old parable known as “the blind men and the elephant.”  In this story, there are four blind men who are asked to determine what an elephant looks like.  The first blind man feels the leg of the elephant and says, “The elephant is like a tree because it is large and round

Momentum trading is generally used to capture strong moves in short time frames usually for not more than a few hours or a few days. Generally momentum traders are very focused on only a few trades at a time at most and scan a large watch list for a few signals. Trend followers by contrast

The long term uptrend stays in track as momentum slows and small pullbacks take  hold. Currently this market environment currently still favors buy and hold investors, trend followers of the long term uptrend, and swing traders from the long side during pullbacks. Buying strength or momentum on the indexes has just not worked for most

                Technical Analysis 101: Defining Support and Resistance Random stock picking will beat S&P: Fund manager The Single Best Predictor of Sustained Trading Success The Best First Investment You Should Make “What have you done for me lately?”