Trading can be one of the most frustrating things many people will ever do. It is very counter-intuitive. At times, trends seem to go farther than anyone thought possible, and at other times, the market fails to trend at all. When the market seems to be ready to plunge, it rallies unexpectedly. When a stock […]
Why Trading Seems So Damn Hard Read More »
I will be looking to buy $XLK on Monday morning if it holds above the 200 day SMA. I would enter using the $TECL ETF for leverage, with $XLK over the 200 day and 5 day EMA, with my stop loss set for a close under the 200 day SMA. I would position size so
My $XLK Buy Levels Read More »
I will be watching $XLE next week, and trade any opportunities with price extensions getting $1 under the 5 day EMA to the downside, and also converging near the 30 RSI on the chart. I will be a buyer of these extensions away from the 5 day EMA, and enter long using $ERX, looking for
Key Support Levels For $XLE Read More »
In baseball, you don’t have to swing at every pitch. And in these markets, the best traders wait for the best signals. Good batters look for the pitches over the plate, the ones they can knock out of the ballpark. Good traders look for high probability setups with great risk/reward ratios. With the RSI oscillator,
$SPY: The Fat Pitch Read More »
$SPY is currently in an 8 day trading range, with $208 as resistance, and $204 as support. $SPY ran up against this resistance again on Friday. For a momentum breakout, $SPY must breakout and close over the 100 day SMA. Prices will likely be stuck in this range until the uncertainty over Greece subsides.
10 Facts About the $SPY Chart: 7/12/15 Read More »
Buy Ahead Of Earnings Reports? Please Don’t 25 Powerful Trading Lessons From Jesse Livermore The 14 Stages of Trading Psychology
5 Great Trading Articles: Week 7/11/15 Read More »
Keep it real – got hit today cause the ⌚️ is $AAPL — Downtown Josh Brown (@ReformedBroker) July 9, 2015 Chinese QE is just the latest example of them stealing our intellectual property. — Downtown Josh Brown (@ReformedBroker) July 8, 2015 Greek debt/GDP currently at 175%. It will surge over 200% once Greece accepts bailout
Top Tweets of the Week: 7/10/15 Read More »
Gazelles are a an antelope species, and as such, are nimble creatures. They are also susceptible to being easily spooked, and may end up running with the wrong crowd. These traits alone would make them horrible traders, but there are things that a skittish trader can learn from this fleet-footed creatures. Being nervous is not
Why Gazelles Can’t Trade Read More »
As traders, we have unlimited online distractions. I limit my time to five websites that are my go-to places for charts, news, learning, and connecting with other traders. I hang out most the day on Twitter. I enjoy the flow of information, seeing what other traders are doing, and reading interesting facts from all over the world.
The 5 Websites I Frequent the Most Read More »
Let’s face it. There are a lot of things you can do with your life, and most of them are easier than trading every day, especially in this market environment. But there are real advantages to devoting your time to the science of trading. If given the proper attention and nourishment, a trading career can
12 Reasons Why Trading is Worth It Read More »