With all the perma bull fan fair we are sitting on a 4.33% return in 2014 for $SPY and it has been a choppy ride up with plenty of whip saws. I know many swing traders and day traders that are out performing buy and holders and trend followers. The 50 day sma has […]
5 Fast Facts About the $SPY Chart Read More »
This Disciplined Trader: Developing Winning Attitudes by Mark Douglas via Matthew Smith Eliminate All Hero Worship Too Many Faders, Not Enough Fade Short-Term Trading Techniques with CQG’s Time-Based TFlow®
Weekend Reading for 5/31/14 Read More »
@SJosephBurns style agnostic….also keeps you nimble as not everything works all the time…important to adapt to opportunities mkt gives u — Al Sabogal (@alsabogal) May 24, 2014 Leave that to the academics, we’re here to make money, those rules don’t apply. Plenty of smart people out there never made a dime trading. — Jon
Tweets of the Week – 5/30/14 Read More »
Too many traders enter the markets with the get rich quick scheme, the delusion that trading is an easy way to make money, or too lazy to put in the effort it will take which is measured in years to be successful not hours. New traders need to focus completely on surviving that first year
How To Survive That First Year Trading Read More »
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
The 17 Differences Between Good Trades & Bad Trades Read More »
Their entry parameters have a historical edge that gives them a real probability of profitability. They are profitable becasue their winning trades are bigger than their losing trades over long periods of time. This is either due to a high winning percentage or really big wins when they are right. The successful traders know
The 10 Key Elements Of A Successful Trader Read More »
$SPY has not closed beneath the 50 day sma in 27 trading days. This is our line of support. The 50 RSI on the daily chart has been our support level as well these past 27 days. With about a 3% return in $SPY this year the risk of long equities has really not been
Ten Observations About The Current Market $SPY Read More »
This book is written by a real market master. It is written by a professional trader who made high double digits returns every year for over a decade, making high 6 figures in profits each year. So you do not have to worry about him telling you personal theories or trying to advertise his newsletter
Victor Sperandeo’s Trading Book Review Read More »
Excellent Book Review of High Probability Trading by Marcel Link via @MomentumCapital Managed Futures suffer record performance losses, record outflows 7 Things Real Million Dollar Traders Do
5 Great Trading Links For Holiday Reading Read More »
@RetroWallSt that’s it. im going to cancel your service, end your coaching sessions, return your dvds & opt out of your newsletter. — Alan Farley (@msttrader) May 22, 2014 PRO TIP: Having bad credit is the best way to prevent identity theft. — Joseph Fahmy (@jfahmy) May 22, 2014 PRO TIP: My Pro Tips
Tweets of the Week – 5/23/14 Read More »
There is so much bullshit with traders on social media that new traders have trouble seeing what is valuable and what is noise and confusion. Salesman abound with subscription services and playing make believe like they never lose. The vast majority of traders are pretenders, they have not done the homework to be
Here Are Ten Real Deal Trading Professionals On Twitter –> Read More »
While $IWM has been fighting back and forth to take and hold the 200 day line looking more closely at the $IWM chart it appears that the sellers have been waiting at the 50 RSI level on the daily chart to exit $IWM longs. Short term moving averages have been of little use in
The Real Underlying Current $IWM Resistance Level Read More »
A breakout into an overbought price level as measured in the historical context of an oscillator. This is almost always a bad trade. $SPY breaking out into a 65 RSI is not the same as it breaking out of a long term price range, to all time highs over a 50 RSI. Buying a breakout
Breakouts: When To Buy Read More »
Many are finding this market environment difficult to trade with the loss of the great trends we have had over the past two years here is what I see. With $SPY setting on a less than 2% return for the year this signifies 2014 has been a range bound market. This is the year that
Ten Fast Facts On This Market Action in 2014 Read More »
The Parasites of Finance The Case for Momentum Investing Honing Your Trading Process – Part One Honing Your Trading Process Part Two
Five Great Trading Articles For Weekend Reading Read More »
When u talk, you're repeating what u already know; if u listen, u'll learn something new. Let's listen to price action of $SPY. Be flexible! — Angela Zhou (@z8angela) May 15, 2014 And you all laughed at my Choo Choo Chart $VIX pic.twitter.com/miY06WcoWl — Mella (@Mella_TA) May 15, 2014 @SJosephBurns someone very important must have
Top Trading Tweets of the Week (A lot this week) Read More »
They have the resilience to come back from early losses and account blow ups. They focus on what really matters in trading success. They have developed a trading method that fits their own personality. They trade with an edge. The harder they work at trading the luckier they get.
20 Principles That Make Market Wizards Successful As Traders Read More »
https://www.youtube.com/watch?v=AZWO1JisCwc This last one via @Chartlearning
My Favorite Technical Indicator For Swing Trading: 3 Videos Read More »
Work to build and grow your trading capital to a place where you can trade with meaningful stake. Learn about all the different kinds of traders there are and choose the type of trader you want to be. Find out what some of the best books on trading are and then read them. Study
The Dozen Best Ways For Traders to Spend 10,000 Hours Learning Read More »
A trader must have quantified entry signals that tell them when to enter where the probabilities of success are in their favor of being profitable. A trader must build a robust trading system with a positive expectation model of a high winning percent of trades
Ten Things A Trader Better Have in Their Toolbox Read More »