This blog post came from a suggestion from Andre Du Preez and many ideas were added by my facebook traders group. Thanks to all that added value to this post, Simon Goodchild, Brian Chang, Scott Gibbons, Harry Lamborn, Lisa Wareham, Stephen Doubell, […]
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A decision on what specific markets to trade. A developed robust trading system to trade that fits the traders personality and risk tolerance. An understanding of the expected winning percentage of trades in the system and maximum expected draw down of your trading
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Admitting that you are wrong the moment price action tells you that you are and getting out of a bad trade. Being patient and waiting for your entry signal and the patience to let a winning trade go as far aw it wants to before you
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While the long term up trend is still in place we are entering into a small normal correction here so far. With the 100 day ema being lost the next long term support level is the 150 day ema from the last bounce. The best
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Disclaimer: The below examples are for illustrative purpose only, this is not trading advice, follow your own trading plan and trade your own system. Trade at your own risk. For those that really want to go long here on $QQQ and attempt to buy the dip in what is still an uptrend on the long
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BTFD…That’s so 2013!!! — Mr. Breakout (@sharptraders) April 11, 2014 All of my “Gurus” are Moving Averages. cc: @SJosephBurns — LM_Tentarelli (@systemstrader95) April 11, 2014 @mnycx Max Pain is a myth, I’ve studied for years and is complete BS , even more so in weekly options — Joe Kunkle (@OptionsHawk) April 11, 2014 @celiabennett
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One of the best things a trader can have is a filter that allows them to see what matters and what does not. Knowing where to focus our effort and time at to be a profitable trader is crucial. Some things will make us
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Psychology of Trading The 10 Keys to Winning the Mental Game of Trading: How Winning Traders Rebound, make a Come Back, and Never Quit Where Trader’s Emotions Come From and What to Do About it Do You Trade Like Captain Kirk or Mr. Spock? Why Trading & Life have the Same Winning Principles Top
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http://youtu.be/WOTVCmmw99o
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Volatility expanded as $SPY went from all time highs to the 21 day ema in one day wiping out four days of gains in one session. Holders of $SPY took the opportunity to sell into the rally Friday after non-farms payroll. $190 $SPY was the dump zone, that is where bulls locked in profits. The
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That brick wall at S&P 1880 looks different in the rear-view mirror. pic.twitter.com/aKclYUbMjN — Christopher Ebert (@OptionScientist) April 2, 2014 The HFT lobby’s rebuttal to this Sunday’s 60 Minutes on how HFT rigged markets will take place shortly after. It will last 1 millisecond — zerohedge (@zerohedge) March 29, 2014 When the market is
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Thanks to Doug Gregory @sharptraders for getting many of these follows together on a list for his twitter account. I have been wanting to do this blog for a long time and he made it easy. Here are the top accounts
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Before you spend any money on anything related to trading ask yourself this question. “Am I buying into hope in a magical trading system or am I learning to trade on my own?” The best trading teacher you can have is one that has
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Risk on reversal in small caps: Tech break out over the 50 day: Volatility decreases as all time highs are pursued in big cap indexes: All time highs, bullish MACD crossover, and MACD histogram positive in an uptrend.
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” There is only one side of the market and it is not the bull side or the bear side, but the right side.” – Jesse Livermore Be a bear in a bull market. Keep shorting a bull market and see what happens. LOSSES.
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Ten Things For Traders To Look For On Social Media Look for a trading teacher not a trading guru. Look for real traders that are actively trading real money not active salesmen looking to take your money. Look for traders that like to have fun and are laid back and beware of traders
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Long term trend in place as a bull market. Intermediate time frame $SPX is range bound with a half percent return in 2014 for buy and hold indexers. On the short term time frame $SPX is range-bound with 1840 as support and 1880 as resistance on the daily chart. The current $SPX chart along
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