Top Five Trading Lessons From Market Wizard Dr. Van. K. Tharp from the book “Market Wizards”: “The composite profile of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in his/her personality, and […]
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What time frame will you be trading in? This establishes your needed screen time. What will be your specific entry signals? What price action or technical indicators will get you into a trade? What will be your specific exit signals after entry? Stop loss, trailing stop, or price target. How much are you willing
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The stock market index ETFs remain flat on the year, $SPY down -1.46% , $DIA down -2.96%, $IWM down -4.64%, and $QQQ +6.38%. This leaves buy and holders, trend follower’s equity positions, and investors down on the year after taking on all the risk exposure. When stocks as an asset class are under accumulation, the indexes
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S&P 500 Fails To Break Out Above Dangerous Resistance Level The only 3 things that can happen after you enter a trade and what you should do The professional trader’s guide to happiness
Top Trading Articles Week 11/14/15 Read More »
Paris Under Siege: French Military Deployed After Shootout, Explosions Leave 40 Dead, 100 Hostages Taken – Live… https://t.co/iND9ewyKG9 — zerohedge (@zerohedge) November 13, 2015 Here we go again. pic.twitter.com/Hppy3keVFV — Steve Burns (@SJosephBurns) November 13, 2015 "Are you long because you are bullish or bullish because you are long?" – Jim Paul — Tradeciety (@Tradeciety)
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Regardless of the quality of your trade entries and exits, it is the overlying principles that you use in your trading that will determine your success. Here is the big picture that will help you become a better trader starting right now. When you enter a trade, you should already have a 50/50 chance of
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“I try not to go against the moving averages; it is self-destructive.” This is something that can cause a lot of losses for traders that fight a trend. Regardless of other technical indicators the moving average tells the trend. “Before putting on a position always ask, ‘Do I really want to have this position?’” There
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“There are really four kinds of trades or bets: good bets, bad bets, winning bets, and losing bets.” – Larry Hite Hite explains that good and bad trades are independent of winning and losing trades. Therefore, a winning trade wasn’t necessarily a good trade, and a losing trade wasn’t necessarily a bad trade. There are
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These quotes are from Jack Schwager’s interview with Linda Raschke from The New Market Wizards. “The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don’t have to be a rocket scientist to be a trader. In fact, some of the
Market Wizard Linda Raschke Trading Principles Read More »
2015 index ETF returns are at $SPY +2.19% $DIA +0.71% $IWM -0.33% and $QQQ gained +11.18% thanks primarily to $FB $AMZN $AAPL $NFLX and $GOOGL year to date. This market has been absent a long term trend in 2015 and until late August it did not even swing widely in price. The stock market
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