There’s a lot.. but one the worst things is have too much success too early and get overconfident. — Drew Marshall (@DrewDoesBiz) October 31, 2017 Believe the macro bear is making the same trades he’s preaching. — Graydon Britton (@graydonbritton) October 31, 2017 Buy DRYS — Rjwalz (@Rjwalz666) October 31, 2017 Sell naked call options. […]
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Trading when the odds are in your favor is trend following. Trading with the odds against you is gambling. Many of the same people that think trading is gambling or that the options, futures, and stock market are too risky are the same that will not hesitate to buy a Powerball ticket, scratch of f
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$SPY is at all time highs, there is no greater bullish signal than this the majority of the time. Friday made new all time highs on good volume. $SPY price is in an up trend and over every moving average. Near term support in$254. Last weeks dips were bought very quickly intra-day showing eager buyers.
10 Signals on the $SPY Chart: 10/29/17 Read More »
A good trade is one where you followed your process regardless of whether you made money or not. A bad trade is one where you didn’t follow your process regardless of whether you lost money or not. Amateur traders make one big mistake at the beginning. They get all wrapped up in their trading results
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This is a guest from Jeff who is on twitter at @TSXtrad3r. This post originally appeared as the post: Poker vs Day Trading Stocks on www.livestreamtrading.com and is posted here with permission. Critical decision making under pressure. Problem solving. Risk vs reward. Discipline. Bankroll management. Strategy. These are all things that relate to poker and day trading,
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This is a Guest Post by Alex @MacroOps which was posted originally here: Hedge Fund Manager Mark Sellers On Becoming A Great Investor and is reposted here with permission. This is a killer talk I came across from Hedge Fund manager Mark Sellers, speaking to some Harvard MBA kids on what it takes to make it
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here at Bullish Engulfing and Bearish Engulfing- Probably The Best Price Action Candlestick Patterns Bullish engulfing, as well as, bearish engulfing are two of the most powerful price action candlestick patterns. I have mentioned them briefly in
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Many new traders are taken out of the trading game through bad mental practices. Here are some things that top money managers and rich traders have shared through interviews and books that may help traders who are making mental mistakes in their trading. Ten Powerful Psychological Traits of the Rich Trader They have the ability
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$SPY has broken out to make new all times. Price is over all moving averages. Extremely overbought RSI at 81.22. This is one of the most overbought markets in history. MACD remains under a bullish crossover. Small increase in the trading range with ATR Friday after the gap higher. Last week volume started low but
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This is a guest from Jeff who is on twitter at @TSXtrad3r . This post originally appeared as Yoga and Day Trading: Improve Your Mental Game on www.livestreamtrading.com and is posted here with permission. As many of you know, day trading is a business of discipline, patience, and execution. To be a professional in this field, like
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