Trade based on price action; not opinions, predictions, or emotions. Trade in the direction of least resistance in your time frame. Develop your own profitable trading system. Only trade in markets after you have back tested your system or studied historical charts. Use a trading plan that sets the parameters for your system’s implementation. […]
Steve Burns’ 10 Golden Trading Rules Read More »
Over trading Most new traders think that they must always be long or short the market. They lose a lot of money during certain market stages like corrections, high volatility, or bear markets. Sometimes the best position is cash. Sometimes the best trade is no trade. Sometimes their is no signal just chaos. Profitable
5 Mistakes Almost All New Traders Make Read More »
This is a Guest Post from Rolf @Tradeciety (He has some of the best content and trading graphics on twitter). “You only learn from your mistakes” is a very dangerous and misleading statement. And at the same time, it is totally wrong. In fact, there is so much you can only learn from your winning
What Your Trading Results Can Teach You. Read More »
The reason many traders were whipsawed last 2 weeks with prices is that there was no trend, only swings back and forth in the $SPY. After uptrend and then downtrend signals over the past two weeks the market has settled into range bound prices. $207 resistance and $197 support since late October. The resistance
$SPY Chart Facts: 2/7/15 Read More »
Suckers and Lessons in Trading 5 Quick Guidelines for How to Buy on a Pullback Beyond “Sissy” Resilience: On Becoming Antifragile Quotes from the Market Wizard Linda Raschke Jesse Livermore – A Great Trader? Really?
5 Great Trading Articles: 2/7/15 Read More »
Greece is 11 million people and just 2% of Euro Zone GDP. Bail it out already or Let It Go. We’ve all had enough. — Downtown Josh Brown (@ReformedBroker) February 6, 2015 On this day in 1911 the invisible hand of the free market lowered baby Ronald Reagan into a red, white and blue manger
Top Trading Tweets of the Week 2/6/15 Read More »
Today I would like to explore three concepts in trading that many traders have never thought about. Fragility, robustness, and anti-fragility are concepts that describe a trader’s psychology, risk management, and method. Here are some general definitions: Fragility is a word used to describe something that is easily broken, shattered, or damaged. It means
Traders Must Bend But Not Break Read More »
I have fielded many questions since the announcement of New Trader 101, and while I am happy to answer email, I thought that other folks may benefit from the answers. Q: Why did you make an e-learning course? A: I have been asked on a daily basis if I will create a course for
FAQ: New Trader 101 E-Learning Course Read More »
You have power over your mind – not outside events. Realize this, and you will find strength.” – Marcus Aurelius The weakest part of any trading system is the trader themselves. To be a successful trader, you must manage yourself. The ability to manage your own physical, emotional, mental, and spiritual health will go
10 Ways A Trader Can Diversify Their Life Read More »
Last Sunday all the bullish momentum signals were triggering while this week we have the reverse with bearish signals. This market is currently volatile and could break either way. Momentum moves up were faded last week, buying strength did not work. This is a dip buyers market, buying weakness and it is working over
10 Facts On The $SPY Chart 2/1/15 Read More »
Availing myself of a 1.5% fixed rate Swiss mortgage, I’ve finally built my dream house. pic.twitter.com/jpS3jTBpva — Downtown Josh Brown (@ReformedBroker) January 30, 2015 they won’t even let this thing dip an even 5% before some Central Banker has to say something — StockCats (@StockCats) January 30, 2015 Airlines spend more time and energy segmenting
Top Tweets of the Week 1/30/15 Read More »
There is a big difference between a trader and a gambler. Many people think they are traders when they are really just gamblers that could get better odds in Las Vegas betting on the roulette wheel than what they get in the financial markets. The difference between a trader and a gambler is similar to
10 Keys to Being A Trader, Not A Gambler Read More »
“You don’t trade the markets; you only trade your beliefs about the markets.” – Van Tharp Just like there is no ‘Holy Grail’ trading system that never loses, there is also not one ‘best’ trading method. All trading methods have good points and bad points with advantages and disadvantages. Many traders make the mistake
What Is The Best Trading Method? Read More »
Here is a recap of my recent swing trade in $UPRO step-by-step: $SPY has been in an up trending bull market for years above the 200 day moving average, and it made new all-time highs late in 2014. The best plan was to trade the long side all year. However, with a high probability
My December $UPRO Trade Read More »
$IWM has held up well in a price range over the 200 day in 2015, and is currently forming a nice range to swing trade. Currently, $IWM has a flat 200 day moving average, and this index ETF is currently the strongest on down days. I will be looking for opportunities to buy weakness
Buying the Dip $IWM Read More »
$GPRO has created a new level of interactive experience with its point-of-view cameras. This technology enables people to record and share their real-life experiences quickly and easily to YouTube and other social media platforms. GoPro has been one the most active stocks on the market since the IPO in 2014. In October of
Riding the Wave with GoPro – $GPRO Read More »
I have been fortunate to get the opportunity to participate in some great stock market environments over the past 30 years. I started in the early nineties building capital and letting it compound. I started as an investor in mutual funds, moved to individual stocks, then high growth stocks and trading price action, swing trading,
My 20 Trading Truths Read More »
The principles that successful trend traders use to make money in the markets is difficult for the average investor or trader to understand. Readers unfamiliar with systematic trend trading have a hard time trading for profitability without trying to predict where price will go. Most successful trend traders have preset, planned entries that are
The Trend Commandments Read More »
Three of the past four days $SPY made higher highs and higher lows. Friday slightly missed a higher high but the day’s volume was the lowest this year. This is bullish. $SPY is above the 50 day, this is bullish. The 5 day ema crossed over the 10 day sma last week. Bullish. Thursday
10 Facts About the $SPY Chart 1/25/15 Read More »
The One Thing You Wish You Had Known Starting Your Trading Career – Interview with 12 Traders Sometimes it pays to do nothing WHY I TRADE BREAKOUTS Position Sizing and Expectancy The Traders Math Guide – Everything You Need To Know About Math And Statistics
5 Top Trading Articles: 1/24/15 Read More »