Is It Possible To Predict Black Swans? Humans Are Hardwired For Trading Failure A Guide To How To Use Moving Averages 10 Things I’ve Learned About Trading Over The Past Decade HOWARD MARKS: Here’s What Everyone Gets Wrong About Risk And Reward
5 Best Trading Articles: Week 11/29 Read More »
The bears will finally have their wish come true today. The market will close early. — Jon Boorman, CMT (@JBoorman) November 28, 2014 After "excluding items" I didn't really overeat at Thanksgiving. Adjusted EBITDA = Eating Before Ice cream, Turkey, Dressing & Apple pie. — Tren Griffin (@trengriffin) November 28, 2014 There's a longer line
Best Trading Tweets: Week 11/28/14 Read More »
There is a story in the book Anti-Fragile of a turkey that is fed for 1,000 days by a butcher, and everyday, confirms to the turkey and the turkey’s economics department and the turkey’s risk management department and the turkey’s analytical department that the butcher loves turkeys, and every day brings more confidence to the
Turkeys & Risk Management Read More »
There are many simple principles that can make all the difference between allowing your money to grow or staying broke. Here is a very simple and quick top ten list that if followed with discipline can make a huge difference in a person’s life. Simple but very difficult for most people to follow consistently over
10 Ways To Grow Your Money Read More »
Subjective: Based on or influenced by personal feelings, tastes, or opinions. Proceeding from or taking place in a person’s mind rather than the external world. Subjective traders are intertwined with their trades. They generally enter out of greed and exit based on fear. They believe in their opinions more than the actual price action. They
10 Things Traders Must Quantify Read More »
Unfortunately, the retail trading world is full of false promises. No other industry has as many snake oil salesmen, promising to make traders rich for a fee. The more a newsletter writer or trading system seller tells you how easy trading is, the more cautious you should be. Consistently profitable trading requires a
Trading Expectations: Keep It Real Read More »
The long and short term up trends in the market are both in place. This market has gone parabolic on a break above the 70 RSI. This is a rare outlier event to run so far with no pullback. This is currently a market for trend followers and momentum traders. Short signals have failed
$SPY Chart: 10 Fast Facts 11/23/14 Read More »
Scientist Discovered Why Most Traders Lose Money – 24 Surprising Statistics The Theory Of Reflexivity: A Primer For Today’s Market The Secret to Momentum is the 52-Week High?? Trick Quickly Reveals Stock Price Manipulation Tony Robbins tells you how to make money like a billionaire
5 Great Trading Articles 11/22/14 Read More »
Morning coffee always tastes better when things working — DK1 (@canuck2usa) November 21, 2014 “Our greatest power is that we know that we don’t know…" – Ray Dalio. — The Chartist (@thechartist) November 21, 2014 RT @pdacosta: There's an economic forecasting competition on TV pic.twitter.com/zBW426aV6C — Jon Boorman, CMT (@JBoorman) November 20, 2014 There's a
Top Trading Tweets: Week of 11/21/14 Read More »
As a trader, your #1 goal is to keep your current trading capital safe and secure. Your goal as a a trader is to make money and not lose money. Many new traders lose their trading capital in the first year, but these ten tips will help you keep your capital intact so you can
Capital Preservation: 10 Trading Tips Read More »
If a new trader wants to be a successful, they will need to treat their trading like they would operate a profitable business. Many traders lose a lot of money by approaching trading like it is a hobby. In trading, making money is the goal, and must be kept at the forefront of a trader’s
Starting a Trading Business Read More »
Introducing the Free Monthly New Trader University Newsletter! The signup is at the bottom of this site. Receive my monthly email newsletter by entering your e-mail in the space provided and clicking subscribe. Once a month you will receive: Past trade: A trade example step-by-step of my best trade of the month. Current Trade
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“The answer to the question, What’s the trend? is the question What’s your timeframe?” –Richard Weissman One of the biggest misunderstandings among traders is the time frame on which they trade. A day trader can believe a stock is going down and be bearish on the intra-day chart, while a longterm stock picker is
5 Trading Timeframes Read More »
Trade #1 I shorted $IWM three days ago by buying $TZA at $13.02 when $IWM was near the 70 RSI on the daily chart. My stop loss was to exit if $IWM closed above the 72 RSI. My trailing stop is to stay short unless $IWM closes above the previous day’s high. There is
3 Trades Explained $DIA $IWM $SPY Read More »
chart courtesy of stockcharts.com The long term up trend is still in place. All indexes are with-in striking distance of all time highs which remains bullish. $SPY $QQQ $IWM $DIA With all stock indexes pushing against the 70 RSI on the daily chart the potential upside is very limited putting the odds on limited momentum
$SPY Chart With 10 Facts 11/16/14 Read More »
Paul Tudor Jones on the 200-Day Moving Average Determining Optimal Risk Position Sizing and Expectancy Want to succeed? You need systems not goals Adding Tools to Your Mental Toolbox
5 Great Trading Articles 11/15/14 Read More »
@TraderHMS @SJosephBurns somebody has to buy a top — RogerV (@RVchartchatter) November 14, 2014 @SJosephBurns with no beer — Mike Weaver (@weavenow) November 14, 2014 I would rather wish I was in a trade than wish I was out of a trade. Capital preservation and risk management are a traders job. — Sunrise Trader (@SunriseTrader)
Top Trading Tweets 11/14/14 Read More »
This is a guest post from Rajesh that blogs at Nifty Nirvana. Knowing why something works can be the key to everything: Trading is a probability game. Right. I do not want to dispute that. I know very well that there are no certainties in Markets, only probabilities. But I can’t agree with the
Guest Post: Drug Your Trading Read More »
While looking at the interesting data points using ads.twitter.com, I found it interesting to see the nine other Twitter accounts most followed by my own Twitter followers. No real surprises here, but very interesting that CNBC is not on the top nine. Are they having popularity issues? I follow most of the traders on
9 Most Followed by My Followers Read More »
The 5 day ema has provided end of day support for 18 trading days. The 10 day sma has provided support for 19 trading days. 8 days ago $BABA broke out above all time highs and never retraced. For the past 5 trading days $BABA has been in as $119.45 resistance / $106.48 price
10 Fast Facts about the $BABA Chart Read More »