With all the fancy charts, fundamental analysis, and experience with price action, you would think that the majority of traders would be profitable. The sad fact is that most are not successful. The majority of all traders contribute to the profits of the minority that are profitable. Even seemingly successful firms like Amaranth and […]
10 Reasons Traders Lose Money In The Market Read More »
Among the mistakes of the new traders that never make it to profitability is the fact that they never develop a filter to enable them to see what really matters in the financial markets. Much of what a new trader is exposed to is just pure noise. Noise does not lead to making money, it
Focus On Signals & Tune Out Noise Read More »
Here is a recap of my recent swing trade in $SPY step by step: $SPY has been in an up trending bull market for years above the 200 day moving average and it has been making new all time highs. So the best odds for me is to trade the long side primarily. The
My Recent $SPY Trade December 2014 Read More »
Price is still above both the 50 day and 200 day moving averages and both longer term movign averages still slanting upwards signaling the long term up trend remains in place. The short term uptrend has lost momentum with price currently at the 5 day ema and under the 10 day sma. The 5
10 Facts: $SPY Chart 1/4/15 Read More »
The most important thing you need to know about commodities Best Practices in Trading: Risk Management Why 2014 was a great year for the patient investor An Introduction to Decision Making Tips On How To Finally Turn Your Trading Around
5 Top Weekend Reads: 1/3/15 Read More »
Trading 101: Have a trading plan. Cut losers. Ride winners. Don't over-trade, in size or frequency. Respect and manage risk. No ego. — LTentarelli (@LMTentarelli) January 1, 2015 1. Believe in Yourself 2. Control Risk 3. Patience 4. Humility 5. Reward — DK1 (@canuck2usa) December 31, 2014 The bottom of your monitor is not a support level — the Bachelier (@three2thirty) December 30, 2014
Top Trading Tweets: 1/2/15 Read More »
As we all reflect on 2014, it is important to ask ourselves what we learned from the choices that we made while trading. The best way to do this, is to choose your most successful trade and your worst trade of the year. By dissecting the specific actions you took during your trades,
2014 Trading Recap Read More »
I will only take the very best trade set ups in 2015 discarding the average and mediocre ones. I want each trade to have an excellent risk/reward ratio. I will position size based on the worse case scenario for volatility and range expansion not what I think is a safe bet. I will use
My 10 Trading Resolutions for 2015 Read More »
Thou shalt make risk management your #1 priority when trading options. Thou shalt not let greed be your guide to position sizing. Thou shalt not kill your trading capital by selling too much option premium against a trend. Thou shalt not trade option contracts before you fully understand their pricing model. Thou shalt not
10 Commandments of Option Trading Read More »
Habits of the Rich Wealthy – defined as earning at least $160,000 annually and holding at least $3.2 million in assets They Have a Routine: Maintain a to-do list Wake up 3 hours before work Listen to audio books during commute Network 5 hours or more each month Read 30 minutes or more each
14 Habits of the Rich with Info-graphic Read More »
The $SPY closed at the end of day all time high on Friday. This is as bullish as it gets. (The algo gone wild day should not really count as the all time high price due to the circumstance of the move). The momentum continued on last weeks shortened trading week with higher highs
$SPY Chart With 10 Facts: 12/27/14 Read More »
The Parable of Uncle Joe – How the Stock Market Really Works. Definition of a Trading System Two Hidden Virtues of Successful Traders The Ultimate Guide On How To Use Risk Reward Ratio Correctly 2014: The year that nothing worked
Top 5 Trading Articles: 12/27/14 Read More »
2015 does not look like 1999 because in 1999 people were not calling for a crash every other week… — Joe Kunkle (@OptionsHawk) December 23, 2014 The "C" and "L" keys on my keyboard are no longer working from pulling so many quotes on crude. — Nicole Sherrod (@TDANSherrod) December 23, 2014 I do not
Top Tweets of the Week 12/26/14 Read More »
Too many new traders see stock options as lottery tickets, chips in a casino, or a path to getting rich quick. They are not. They can be used as tools for the transference of risk from one person to the other. They can be used to buy insurance on a portfolio of stocks. Options
10 Options Trading Pitfalls To Avoid Read More »
When I asked my Facebook trading group what was the cause of their biggest trading losses, no one had any trouble remembering those painful and valuable lessons. These top 30 insightful answers will benefit new traders and provide a nice reminder for those with more experience. “What was the cause of the biggest draw downs
35 Top Destroyers of Trading Capital Read More »
$IWM is breaking out of a year long price base. Are you ready? This is why I am bullish on breakouts: I will be watching the $118.50 level in $IWM next week that coincides with the 1200 level in the Russell 2000 index. A stronger break and close above this level could result
Electric car companies are all the rage when oil is expensive, but what happens when the oil market takes a dive? Follow along, step-by-step, with my Tesla trade made the week of 12/2/2014. As oil fell day after day, electric car company Tesla showed weakness in price, resulting in several down days in
Do Bears Drive Electric Cars? Read More »
I am not counting the long extended wick on the $SPY chart becasue this is what happened: Berserk, Broken Rampathon Algo “Buys” The S&P At 2,130 The all time high that is relevant after the dividend on the adjusted $SPY chart is now $207.50 and on the $SPX it is now $2079.50. Breaking out
Facts About the $SPY Chart: 12/21/14 Read More »
Each year, I run a poll to find the most helpful traders on Twitter. This year I had more than 1,000 votes cast, and here are the top 20 most helpful traders according to my readers. Thanks to everyone who took the time to vote, and for all the retweets and shares. This is
Twitter’s 20 Most Helpful Traders: 2014 Read More »
Albert Einstein on Sifting the Essential from the Non-Essential An Epic Blowout Michael Gervais: Mindfulness and High Performance Training with the Seahawks (video) Howard Marks: Lessons Learned from the Oil Crash Picking the right Trading jungle
5 Great Trading Articles: 12/20/14 Read More »