Chart Courtesy of Stockcharts.com In late 2000, as the Internet bubble continued to melt from it’s historic 5000 level, I was learning for the first time that markets don’t always rally and bail you out on the long side. Sometimes, pullbacks turn into corrections, bear markets evolve into meltdowns, and bubbles pop. I suffered a […]
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Chart Courtesy of StockCharts.com $GOOGL has broken out above the 200 day. This is a viable option to buy with correct position sizing with a stop loss placed at a close below the 200 day. Options in $GOOGL are also liquid, giving the trader a way to cap their risks at only the cost
Chart Courtesy of StockCharts.com My February $TQQQ Trade I entered $TQQQ at $97.19 on February 10th in the morning after the gap and go break out over the 50 day sma. This was a momentum buy signal crossing the 50 day, the 5 day ema, and it was a gap up over the previous day’s
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Chart Courtesy of StockCharts.com 10 Fast Facts About the $SPY Chart The long term uptrend is still in place. $SPY is within striking distance of all time highs. The RSI still gives it room to run up. $SPY closed below the 5 day ema. Momentum is waning. The MACD is close to a bearish
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The 44 Most Common Trading Mistakes That You Probably Still Make Scarcity What I Learned About Risk-Taking From Playing Blackjack The ultimate guide to market emoji Notes from Van Tharp’s Peak Performance Course: Volume 1 Inflation Adjusted Stock Market Returns At Historic Juncture
Best Trading Articles: 2/28/15 Read More »
Trading Tweets of the Week 2/27/15 Sometimes no position is the best position. A compulsion to trade leads to disaster. — Peter Brandt (@PeterLBrandt) February 2, 2015 How to ride a trend 1/ Believe it 2/ Small position size 3/ Use stops that mean something 4/ Hold on tight cause its never easy — DK1
Tweets of the Week 2/27/15 Read More »
I have been aggressively long the $SPY and $QQQ using leveraged ETFs since they both broke above the 50 day sma. I also took $IWM long at the break out to all time highs. I have been holding $SPXL $TQQQ $TNA & $SPY for great returns on capital in February. I am still very bullish
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The Costly Dangers New Traders Face: The bid/ask spread on some illiquid options and penny stocks can be very expensive. Never let it be too expensive to get in and out of a trade because of the slippage in the trading vehicle. Penny stocks: they’re dangerous. Period. High commission fees can eat away at your trading
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At all time highs all holders are profitable. There is little fear to drive them to sell. There is no selling pressure on the holders of current positions so they tend not to sell. With the majority sitting on their current positions short sellers tend to be the primary ones selling. Short sellers are forced
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All time highs have been held through all the Greece headlines, this is bullish so far. The old all time high at $209 will be our first level of support as people that missed the breakout will likely be waiting there for a second chance to get in. The previous all time at $207
$SPY Chart Facts – 2/22/15 Read More »
Quotable Quotes from Ed Seykota Market Masters: Why Emotional Intelligence Gives Investors An Edge Blair Hull – Getting the Edge: Blackjack and the S&P 500 Best Practices in Trading: Scenario-Based Preparation Why Do You Trade? Who Loses The Most In Trading?
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Don't know about you but I'm all greeked out… — Northy (@NorthmanTrader) February 20, 2015 Greece's euro zone bail-out negotiations are steeped in tension and mistrust http://t.co/VzRWgYyy6H https://t.co/BpwbeEeeFp — The Economist (@TheEconomist) February 19, 2015 pic.twitter.com/z0jNAcmpoy — JE$US (@WallStJesus) February 16, 2015 Apple's iCar radio only plays U2. — Mike Valletutti, CTA (@marketmodel) February 14, 2015
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“We learned just to go with the chart. Why work when Mr. Market can do it for you?” – Paul Tudor Jones Only price pays. In trading, emotions and egos are expensive collaborators. Our goal as traders is to capture price moves inside our time frame, while limiting our drawdowns in capital. The longer
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Moving averages allow traders the ability to quantify trends and act as signals for entries, exits, and trailing stops. They can become support and resistance, and give the trader levels to trade around. Below are examples of the specific moving averages with time frames. 5 Day EMA: Measures the short term time frame. This is
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“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…” -Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s returns on capital
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Original Source: John Murphy’s Ten Laws of Technical Trading Charts and information courtesy of www.StockCharts.com 1. Map the Trends Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale map of the market provides more visibility and a better long-term perspective on a market. Once the
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The $SPY chart is overwhelmingly bullish and crossed into all time highs. (Based on the $SPX chart. I do not count the $SPY crazy ramp candle to $211.80) The only concern is where the profit taking will be. When will the $SPY reverse and begin to start hitting stop losses? Where are the dip
10 Facts About the $SPY Chart 2/15/15 Read More »
Here are five of my favorite trading articles from this week: This is the Big One The Ultimate Guide on How to Use Risk /Reward Ratio Correctly Bulkowski’s Position Sizing 5 Tips to Deal with Trading Losses The Top 5 Reasons You Suck at Making Rational Decisions
My Favorite 5 Trading Articles: 2/14/15 Read More »
One thing I have learned over the years trading is that crisis = opportunity — DK1 (@canuck2usa) February 9, 2015 To much info when trading is counter productive..atleast for me…less is WAY MOAR….plus I really dont like reading — DK1 (@canuck2usa) February 11, 2015 If you are on TWTR and critcize another trader for being
Top Tweets of the Week 2/13/15 Read More »
For all the people that have asked for it: Here are five trades examples step by step. These were all shared in real time on twitter. My December $UPRO Trade My Simple and Effective $TQQQ Trade Do Bears Drive Electric Cars? My Big Juicy Apple Option Strangle Play My Recent $SPY Trade December 2014
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