Here are the ten key things I have learned that have allowed me to make money in the markets, and some of the characteristics of the best traders I know. The ability to buy pullbacks in uptrends. Buying at the right pullback levels while everyone else is afraid is typically profitable. Selling strength short at […]
10 Skills of Top Traders Read More »
Guest Post by Yvan Byeajee What makes a good trader? This is a question that has undoubtedly been on every trader’s mind at some point. It has definitely been on my mind for quite some time. We all know that a good trader is an excellent risk manager. We know that he also trades a
Good Trader, Bad Trader Read More »
Here are seven simple ways to move into the top 10% of traders that are profitable long term. 90% of traders do not do these seven things, you can start to do them tomorrow with the right homework and diligence. Profitable traders are trading a winning system based on buy signals and sell signals that
The 7 Habits of Highly Profitable Traders Read More »
With the stock market bouncing off the lows for a second time, price is now back to key moving average resistance levels in all major indexes. If we can close over these key resistance levels, then the uptrend to new all time highs is back in play. The $INDU $QQQ and $SPY short term resistance
The 3 Key Resistance Levels $SPY $INDU $QQQ Read More »
$SPY had a Bullish engulfing candlestick reversal Friday. Generally, the larger the white candlestick and the greater the engulfing, the more bullish the reversal. $SPY had a bullish MACD crossover Friday. $SPY closed above the 5 day EMA and traded for three days above it’s 5 day EMA. $SPY is at the top of a
10 Bullish Chart Facts on $SPY Read More »
The good news is that 142,000 people got jobs in September. The bad news is they’re all Draft Kings. — Downtown Josh Brown (@ReformedBroker) October 2, 2015 OK, everyone trot out your pet reason for why the Dow reversed 350 points today. I’ll print the t-shirts. — Downtown Josh Brown (@ReformedBroker) October 2, 2015 The
Top Trading Tweets of the Week 10/2/15 Read More »
$IWM has closed lower than the previous day 9 out of the last 10 days. This is bearish. Wednesday’s rally was rejected Thursday. This is bearish. The MACD is under a big bearish cross. $IWM did have a reversal candle today, but it failed to close over yesterday’s high of day. $IWM is down -8.9%
10 Facts About the $IWM Chart Read More »
Here are five of my favorite facebook pages. These facebook pages provide great trading quotes, articles, links, and more. They are a great part of any facebook news feed for those interested in the financial markets. You will recognize many of these from Twitter. Trading Legends NewTraderU.com StockTwits Tradeciety Trend Following
My Favorite 5 Facebook Pages about Trading Read More »
There are many trading books that discuss the principles and philosophy of trading, and I have read hundreds of them. Here are five books that discuss actual systematic ways to trade price action. Here you will find specific trading models with potential buy and sell signals. These are great places to start on your path
5 Books That Give Specific Trading Systems Read More »
Complexity as a Default Cognitive Style: Why Traders Succeed–And Fail–In Financial Markets Learn from the most successful traders of all times. This is what they do S&P 500 Market Update: Check Your Ego At The Door Keeping Things Simple and Tuning out Folly
My Favorite Trading Articles 9/27/15 Read More »
If you think that suddenly your trading sucks or that your method no longer works, it’s not you, it’s the market. Only skillful day traders and perfectly timed short sellers are really making money this year. The chart is really trendless but makes erratic moves inside the tight range. $SPY is down 6.17%
12 Crappy $SPY Chart Facts: 9/27/15 Read More »
Don't ask me when to exit lol you are on your own but you should always think of this pic.twitter.com/WPBfOqoxx1 — DK1 (@canuck2usa) September 25, 2015 "headed into the 4th Quarter of 2015 we think gold will be outperforming the Dow" – said no one pic.twitter.com/l8wZswdNA4 — StockCats (@StockCats) September 24, 2015 Yes. That's happening
Top Trading Tweets 9/25/15 Read More »
A market is trading under it’s 200 day simple moving average. The market price is trading under all short term moving averages. The MACD has made a bearish crossover. The daily chart’s RSI is under 30. A chart has made lower highs and lower lows for weeks. You are seeing large wicks at the top
10 Signs a Market is in a Downtrend Read More »
Having a bull mindset in a bear market is not profitable. Bear markets have no long term support, they can make lower lows for a long time. Buying pullbacks is not profitable in bear markets because pullbacks turn into downtrends, and old support becomes the new resistance. Buying dips stops working. Bulls end up getting
Why Bear Markets Steamroll Bulls Read More »
Once we have a proven system, our system’s profitability is not based on our personal ability to trade it. The market environment of trending, range bound, or volatile is what makes our method make money or lose money. Sometimes, we have a perfectly good system and lose money because our method is not viable. A
10 Signs the Market Is Just Not That Into You Read More »
Andreas Clenow’s new book takes the reader through creating a mechanical trend following system using momentum ranking for stocks in the S&P 500 index. This is an outstanding trading book because it shows the reader year by year performance, and explains the emotions that a trader goes through during drawdowns in trading capital. Mr.
Book Review: Stocks on the Move Read More »
The chart had a lot of mixed signals last week without many actionable signals. The Fed decision to keep rates unchanged was a sell the news event. $SPY has settled back into a trading range after failing to breakout on the Fed decision. Two back-to-back shooting star candlesticks show that higher prices were sold into
10 Fast Facts on the $SPY Chart: 9/20/15 Read More »
How to Embrace Your Fear in Trading: The Trading Intelligentsia Has it Wrong –via @PaulJSingh Emotional Volatility and Emotional Volatility of Volatility –via @steenbab S&P 500 Triangle Pattern Gets At Market Selloff Psychology –via @SeeItMarket Advanced Stop Loss Guide –via @Tradeciety We’re Living Through the Greatest
Best Trading Articles: Week 9/19/15 Read More »
Fantastic day for the http://t.co/2GANaPQljj "Random Narrative Generator," here's my suggestion cc @StockCats pic.twitter.com/a150zdrwKR — Brattle St. Capital (@BrattleStCap) September 17, 2015 So the Fed will never hike until every place in the world has entered economic utopia. Noted — zerohedge (@zerohedge) September 17, 2015 We’ll be at 100% employment and 0% inflation and nobody
Top Trading Tweets: week 9/18/15 Read More »
