Over the past four months, $SPY has primarily been in a $203.50 support and $212.00 resistance price range. $SPY is only up 2.52% year-to-date, which creates little room for trend trading or swing trading. This year’s gains in $SPY have come from buying the deep dips and selling into strength. Selling stock index ETFs […]
10 $SPY Chart Facts: 5/3/15 Read More »
Stop making unnecessary mistakes. 9 tips to improve your risk management – http://t.co/nOYVZah1t1 — Tradeciety – Rolf (@Tradeciety) May 2, 2015 How we can succeed at trading by not trading: http://t.co/3ESr9tL8lQ $STUDY @PeterLBrandt #tradingpsychology #trading — Brett Steenbarger (@steenbab) May 2, 2015 Trade Setups: Understanding the Backtest http://t.co/jw73veRRhN by @andrewnyquist $STUDY — See It
Top Trading Articles: Week 5/2/15 Read More »
The big money is made by holding positions not daytrading — DK1 (@canuck2usa) May 1, 2015 Best thing I read today: “Money managers aren’t paid to forecast. They are paid to adapt.” — Henri Simoes, trader (@TraderHMS) April 30, 2015 There are 3 situations the market bottoms in: 1) You sell it. 2) You
Top Tweets of the Week: 5/1/15 Read More »
Trading is difficult because no method, system, or style works in all markets, all the time. Profitability is primarily a result of losing small when you are wrong, and maximizing profits when you are right. Knowing and trading your edge is the best path to profits. Here is who makes (or loses) money in different
Trading Methods That Lose Money Read More »
Even though the Midwestern United States is a hazardous place to live due to inclement weather, people continue to build there. Why? Because despite the risks, they find value in being there. So what do they do? They build strong foundations that can weather the storms. Trading Plan (Blueprints)– Before you start your trading journey,
Strong Foundations Weather Storms Read More »
“Don’t ever let them get into your pocket.” – Paul Tudor Jones Here are the errors we make that cause the market to take our money: Traders miss a trade setup, then take it late in the move. Chasing a trade is rarely a good decision. Buy right or sit tight. Traders buy a dip
Why the Market Takes Money From Traders Read More »
Here is why trading is so difficult: You can back test a system as much as you want but when you start trading it the profitability will be determined by the market conditions not past price history. What looks great on paper can lose on a lot of consecutive trades right at the start. Your
10 Reasons Trading is So Difficult Read More »
$SPY broke out of the adjusted for dividends chart on Friday and very close to unadjusted all time highs. The MACD is bullish. $SPY held the 50 day line all week. $SPY has begun to show momentum by closing above the 5 day ema for five straight days. A 60 RSI has $SPY on the
10 Fast Facts: $SPY Chart 4/26/15 Read More »
6 Things That Separate The Pro From The Amateur Trader That You Can Change Right Now 5 Ways To Interpret Research Like A Pro The Misbehavior of Markets: A Fractal View of Risk, Ruin, & Reward By Benoit Mandelbrot Why FOMO Fails: Trending Markets Are Not Necessarily Momentum Ones Here’s why you won’t chase momentum stocks
Top Trading Articles: Week 4/25/15 Read More »
$AMZN 15 year bull market. 8000% return. The bears who have been growling ought to be ashamed of themselves for their stupidity. — OptionsTrader31 (@OptionsTrader31) April 23, 2015 A little media on my tweet–> http://t.co/JW8Gcnu1Js — DK1 (@canuck2usa) April 22, 2015 We didn't have Tinder. In my day you drunk-dialed out of a high school
Top Trading Tweets of the Week: 4/24/15 Read More »
The primary thing that trips up the vast majority of traders and investors is not the math, the markets, or a trend. What causes the 90% to end up unprofitable in the long run is mental errors. Errors caused by fear, ego, greed, and a lack of discipline to create a plan or to follow
10 Mental Errors Traders Make Read More »
George Soros gained international notoriety when, in September of 1992, he risked $10 billion on a single currency speculation when he shorted the British pound. He turned out to be right, and in a single day the trade generated a profit of $1 billion – ultimately, it was reported that his profit on the transaction
George Soros ‘ 10 Trading Principles Read More »
The path to profitability Commit to doing the work required to be a successful trader. Create a trading system that captures trends in your time frame. A trader has to be on the right side of the trend in their time frame. The path of least resistance is where you will find the best
The Path to Profitable Trading Read More »
Successful traders are always on the lookout for the next big trend. For those able to identify large societal shifts well before the market, there is potential for huge gains. For instance, how much money would you have made if you had been able to predict the success of the Internet or the iPod? Or
5 Big Trends For The Next 10 Years Read More »
Currently the $211 price level has held as the $SPY resistance on the daily chart. Friday’s resistance was the 5 day ema. On Friday the 50 day sma almost held as end of day support. For nine days $SPY has traded in a $207 support/ $211 resistance price range. With $SPY up only 1.17%
The $SPY Chart Meat Grinder Read More »
Asymmetric Nature of Losses and Loss Aversion Mentally Strong People: The 13 Things They Avoid What I Learned By Studying My Exits Tradeciety Video Trading Education Market Masters: Why Emotional Intelligence Gives Investors An Edge
5 Top Trading Articles: Week 4/18/15 Read More »
2012 I had 500 followers-Now I have 26,000-But I thot by now I'd have over 1 million followers-So please tell all your friends 2 follow me — Mr. Breakout (@sharptraders) April 8, 2015 If they don't get those Bloomberg terminals back online soon, I fear a major lacrosse game could break out downtown… — Downtown
Top Tweets of the Week 4/17/15 Read More »
#1 Livermore’s wealth was built primarily from big position trades that lasted for weeks or longer. He made his big money holding a trend not scalping or day trading. Which was very difficult in those days with commission costs and speed of execution. “Money is made by sitting, not trading.” #2 Livermore pioneered the idea
Jesse Livermore’s 10 Key Principles Read More »
Trend Following – Learn to make millions in up or down markets – by Michael Covel is the Bible for trend following traders. The book is well written and contains the key principles that the most successful money managers use to profit from trending markets. After personally reading over 200 stock trading books I have
Lessons From Trend Following Traders Read More »