With the action in the markets in the past few weeks I am looking at selling OTM call option premium using bearish credit spreads on $SSO and possibly swing trading long off any deep dips with bounces and shorting reversals off rally peaks in the the 65-70 RSI territory if we get there. We’ll see

^ Via Andrew Selby ^    

Some advice for using #twitter –> pic.twitter.com/dxxmHpxmE7 — Steve Burns (@SJosephBurns) January 11, 2014 "What I was confident in was the probability of winning after fifty trades per year." – Gil Blake — Andrew Selby (@DontTalkStocks) January 17, 2014 Complexity sells, simplicity pays – http://t.co/YyRDDZqbYz — Jon Boorman, CMT (@JBoorman) January 16, 2014 @RedDogT3Live @MNYCx

                   Twitter can be a lot of noise if it is not filtered properly for quality. Here are twelve of my favorite follows on twitter that add add value to me stream through their expertise in many different areas. Their content and tweets are always high quality

                      If you want to trade you have to be a great manager of STRESS. Stress will break you if it is not managed. If you enter a trade and your heart races and your foot starts tapping there could be many different issues going

  The $SPY chart is still in a long term uptrend. $SPY has settled into a short term price range $SPY is not respecting the 5 day ema or the 10 day sma so trend trading on the daily chart is not working here. For 12 out of 13 days after the gap up to

                                  Only to the extent that man exposes himself over and over again to annihilation, can that which is indestructible arise within him.-Durkheim — Ray C. Freeman (@R2RayCFreeman) January 6, 2014   Can’t remember the last time I read

  The primary eleven day range is $182 support/$184 resistance. The one day gap up break above $184 was rejected so far. ^Short term $SPY is currently range bound. The long term up trend is currently still strong and in place. $SPY opened at the highs of the day and could not find any buyers

14 Emotional Dangers For Traders Anger- Revenge trading Fear- Inability to take an entry or hold a winner in a trend. Disgust- Can lead to loss of a traders confidence. Happiness- Surprisingly can lead to trading too big and taking on too many positions. Sadness- Can lead to having difficulty taking the next trade entry

  In the capital markets money flows in these continual directions… Money flows from those that do not know how to manage risk to those that do. Profits flows from those who fight trends to those who follow them. Money flows from those who buy option contracts that have terrible odds of being profitable to

System What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, CAN SLIM, option trader, another, or a combination? What time frame will I be trading on? What are my trading rules? What signals my entry? What will signal my exit? Do I use a trailing stop or

Longer term uptrend still very healthy and intact, long term trend followers have been able to let long equity positions run for over a year now. Short term we are still a little overbought here and it would be healthy for a retracement to the 21 day or 50 day or some base building in

@SJosephBurns my two mentors were most humble yet confident and focused in front of the screen, never arrogant — Conquest (@ConquestFund) January 3, 2014 How new traders start out –> pic.twitter.com/PP61JgrW8d — Steve Burns (@SJosephBurns) January 3, 2014 "I became over-confident, and that is the most dangerous state of mind anyone can develop in the

                            A great conversation broke out in my trading group over the past few days when one member asked: “I have a question for some of you guys….right now I’m a part time trader with a full time job. I’d love to be