Money and investment capital are very picky things. They are constantly flowing from those who know how to manage it, to those who do not. Money is not static, it is in constant flux. This is why a person that starts out poor in America can end up wealthy, and also why generational wealth can […]
The Flow Of Money Explained Read More »
Trading is not about one day, one week, or even one year. Trading is about taking money out of the markets over and over again, consistently, and keeping it to spend on other things. When I have bad days, I look at my long term track record over multiple markets, and that gives
12 Principles that Lead To My Long Term Trading Profitability Read More »
The financial markets are looking for applicants that fit these qualifications: Expect long hours of study and research. Assume you will lose money in the beginning. A person interested in becoming a trader must have the mindset of an entrepreneur. Risk, irregular income, and spending money to make money, are all part of the business. You
A Trader’s Job Description: Read More »
Chart courtesy of StockCharts.com The long term up trends last level of support is at the 200 day sma. A close under the 200 day will have me shifting to shorting rallies from buying the dips I have been doing since January of 2013. The long term oscillator support of the 30 RSI is
Ten Fast Facts On The $SPY Chart 10/12/14 Read More »
Correction Road-map – You Are Here Sometimes, Stocks Go To Zero An Antifragile Way of Life Easy Pieces on Risk, #1 – Why is volatility a proxy for risk? Market Wizard Ray Dalio
5 Great Trading Articles For Weekend Reading 10/11/14 Read More »
A little late tho…I called it on 9/25 ► http://t.co/qltsdEGIeP RT @IBDinvestors: IBD's market outlook has been in correction since 10/1 — Mr. Breakout (@sharptraders) October 10, 2014 Very limited flight to bonds. Flight to cash? — Mike Valletutti, CTA (@marketmodel) October 10, 2014 @marketmodel I didn't want one…just saying :-> — Al Sabogal (@alsabogal)
Top Trading Tweets of the Week 10/10/14 Read More »
I am very picky about who I follow on twitter. I am always looking for the best of the best for quality education, honesty, trades, and entertainment. I have looked, followed, un-followed, and re-followed for years to come up with this of traders that I truly enjoy following and find great value in them.
My Personal Favorite 50 Traders To Follow On Twitter Read More »
Too many times on social media I get feedback from traders that misunderstand how I trade. Many times they even show that they do not understand what successful trading even looks like. Sometimes they are just lashing out because they were trading against me and do not understand how the market did not follow
The Five Things That Bitter Traders Don’t Understand About Me Read More »
Are you trading without a plan? Trading without a plan makes you emotional and a gambler. Do you ever trade too big for your trading account size? Big trades are bad trades for the emotional engagement and risk of ruin that they entail over the long term. Do you risk losing more if you
10 Trading Mistakes: Are You Guilty? Read More »
In the past year the 30 RSI indicator has been the bounce zone for the Russell 2000. Even when this level is lost it has been recovered by the end of the day in the majority of incidences. This is the bounce zone from a technical standpoint. This also still correlates with recent low prices
Where I Will Be Buying the $IWM Dip Read More »
The market did finally bounce intra-day near the 30 RSI Thursday it was quick and violent and sent shorts covering. This indicated we were still in a long term up trend and buy the dip was still alive. Thursday also provide a strong reversal candle showing selling was exhausted and buyers were back in
Ten Fast Facts About The $SPY Chart Read More »
Guest blog: decisions for success The Competition is Lazy How To Be A Lucky Trader 11 Ways To Be Remarkably Average https://www.youtube.com/watch?v=O7cpNdyku6E&feature=youtu.be&list=PLC5042C649CE7FFB3
Five Great Trading Links For Weekend Reading 10/4/14 Read More »
stealing this. RT @JustinWolfers: The problem with the joke about the Efficient Markets Hypothesis is that I assume you've already heard it. — Downtown Josh Brown (@ReformedBroker) October 1, 2014 @SJosephBurns yesterday lol pic.twitter.com/WuosRLW0NR — Mella (@Mella_TA) October 3, 2014 I feel like its time for me to break out the old "If your
Top Trading Tweets of the Week 10/3/14 Read More »
Are you guilty of one of the cardinal sins of trading? Hubris: A foolish amount of pride or overconfidence. No matter how good of a trader you think you are, the market is always bigger. You will not win an argument with its price action no matter what. Fear: Cutting winners short because
Cardinal Sins of Trading Read More »
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
Good Trade Anatomy Read More »
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
Ten Fast Facts About The $SPY $INDU & $QQQ Chart Read More »
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
Weekend Reading for 9/27/14 Read More »
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,
Top Trading Tweets of the Week 9/26/2014 Read More »
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
5 Quick Tips For Risk Management Read More »
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
Five Quick Trading Tips Read More »