Here are ten quick and easy steps to making sure your trade has the best chance of being a winner: Your trade entry must be at a price level that gives you either a high probability profit potential or a great risk/reward ratio. You must identify where price has to go to prove you are […]
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The 50 day held on the $INDU chart Thursday showing big cap buyers were present at this key line in the sand. $QQQ held the 50 day on Thursday but found resistance at the 21 day ema Friday. $SPY lost the 50 day on Thursday and found resistance at the 21 day on
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Iron Rules of Money Eight Things I Learned from Peter Thiel’s Zero To One Prioritize Your Goals with Warren Buffett’s Two-List System Interview With Ted Hayes, Ph.D., Part One: The Two Drivers of Elite Performance Interview With Ted Hayes, Ph.D., Part Two: A Surprising Finding About the Development of Trading Performance
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Timeless tweet RT @michaelbatnick: "I don't trust this move" Guy who sold out of everything yesterday — Jon Boorman, CMT (@JBoorman) September 26, 2014 And if my Aunt had balls she'd be my Uncle RT @MarketWatch: If it wasn't for Nike, Dow futures would be negative http://t.co/W8dP1tfTp0 — Jon Boorman, CMT (@JBoorman) September 26,
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One big market down days we can really see who is managing risk and who isn’t. Always remember if you have big winning days and trades that are disproportionally large percentage wise then the odds are that you are also exposed to the downside risk of an equal magnitude. Here are five quick tips
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Here are five quick trading tips that could increase your odds of profitability a great deal. Five Quick Trading Tips In up trends you should be primarily buying dips and in down trends you should be primarily shorting into strength. When you are buying a dip or selling short into an extended up
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1. Good trades are generally winners from the very start. 2. Good trades do not take a lot of thinking about; they are triggered through robust entry signals. 3. Good trades aren’t really stressful. With the right position sizing and entry level it should not cause high stress but instead confidence in your
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The long term stock market up trend is still firmly in place. All time highs still being within striking distance is still a bullish sign. Quadruple witching caused much of the volatility Friday as traders settled contracts across markets. The 5 day ema being broken
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Finding Opportunity Means Taking Shots: Same for Football, Same for Trend Following Introductory RSI Post Darvas Box, a classic breakout system, and its tweaks Johnny Chan teaches trading How Did ‘Sell in May and Go Away’ Work This Summer?
5 Great Trading Articles For Weekend Reading 9/20/14 Read More »
$BABA opens for trading. Worth roughly the same as Walmart. pic.twitter.com/vXeyLBXMqL – DAVID FABER (@davidfaber) September 19, 2014 Sold 3 of my children this morning to make room for the $BABA IPO. — Joseph Fahmy (@jfahmy) September 19, 2014 BREAKING: Yellen says cut bond-buying program to make room for Alibaba IPO — Jon Boorman,
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Over trading is when a trader takes a trade based on fear, greed, desperation, or ego instead of a valid entry signal. Over trading is due mostly to wanting to be profitable so bad that impulses are driving decisions instead of a trading plan. If a trader has an edge over the markets then
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A big part of trading is to stop doing the wrong things. Even if you do the right things and don’t stop doing the wrongs things you will not be profitable in the long term. Doing the right things as a trader can make you money but doing the wrong things can lose you even
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Instead of profiting from one of the greatest bull markets of all time perma-bears waste this opportunity with these excuses: 10 Things Stubborn Bears Say In Bull Market It just can’t go any higher. “It is due for a pullback.” “All time highs? That’s bearish.”
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Ten Things That Are Expensive For Traders. Egos. Emotions. Not respecting the mathematical risk of ruin. Gurus. Television. Trading without a methodology. Trading with no trading plan. Stubbornness. Trading without a stop loss. Trend fighting in your time frame. Over trading. Taking bad entry set ups. Copying someones trades with no knowledge of their position
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The last four trading days has been in a $200.55 resistance and $198.56 support range hardly a down trend of bearish. The long term up trend is still intact and price is still within striking distance of all time highs. The 21 day ema has acted as end of day support since that line was
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Five Fatal Flaws of Trading Top tips for traders Why Being Yourself Is The Key To Being A Successful Investor A Dozen Things I’ve Learned from Josh Brown How To Think
Weekend Reading for 9/12/14 Read More »
I've traded since 1976. A golden rule is this: "Silver bulls and their money are eventually parted." $SLV — Peter Brandt (@PeterLBrandt) September 11, 2014 @SJosephBurns I know, I know, I need to ask myself "WWSBD" before making / not making a plan for the trade. #ManvsSelf — J. Bob O'Malley (@jimomal77) September 11, 2014
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Ten Annoying Things That Traders Do On Social Media Attacking another trader’s position without understanding the time frame or the position size of one of the trade. Trying to be a teacher of trading when they should still be students. Trying to make a living off selling services to traders and not even trading their
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In strong market up trends the 21 day ema acts as support for pull backs in major market indexes. This is our line in the sand right now. I am holding a full size $SPY position with the loss of the 21 day ema as my end of day stop. If this 21 day
The Current Key Moving Average Support for $SPY $DIA $QQQ Read More »
“Don’t marry hot stocks, just date them.” Hot stocks are only good when they are in up trends, when the party is over you have to break up with them. Hot stocks are great to trade in and out of but you don’t want to turn them into a life long investment. A good stock
7 Ways A Hot Stock is Like A Hot Girlfriend. Read More »