Beware of Forex bucket shops that pretend to be brokers but really trade against you. Many times killing accounts with big bid/ask spreads. If you see a ‘broker’ or trading service using attractive female photos to push some service off on traders stay away. Trading newsletter writers that don’t even trade. They issue a lot […]
10 Types of Con Artists in Trading Read More »
Bullish gap up on Wednesday help support at the low of they day for the rest of the week. $SPY price is above all key moving averages showing an uptrend. The MACD almost has a bullish crossover. The Slow Stochastics has a bullish cross and is showing momentum. The ATR has begun to decline again.
The Stuck $SPY Chart 4/17/16 Read More »
It’s not your fault that you are losing – 18 biases that explain why traders make mistakes @Tradeciety You can’t beat all the chimps @clenow Markets trend just 12% of the time. Rest of the time they are going sideways or counter trend. Position Sizing Methods for Trend Following CTA. Target Volatility Book Review: “The
5 Great Trading Articles 4/16/16 Read More »
Sorry, virtual reality already exists. It’s called college. — Downtown Josh Brown (@ReformedBroker) April 7, 2016 Always hit your stops. Sell first, ask questions later. Things appear so much clearer outside the trade, you can always buy back. — Assad Tannous (@AsennaWealth) April 13, 2016 Know when the markets compliment your style. There are times
Top Trading Tweets: Week 4/15/16 Read More »
There are two very different types of traders, one that wins and one that whines. Whiners hardly ever win and winners rarely whine. Trading is a tough business and you have to be able to keep the right mind set to get you through the rough spots. When the markets start trying to knock you off your trading plan and
Winning Trader, Whining Trader Read More »
Do you still have days when you are 100% sure about a trade. You just can’t lose, the stock that is dropping was a real buy and it has already fallen a great deal so it could not possibly fall any farther. Can it? So you wait and then plunge in, you can’t lose so why
Your Most Dangerous Trade Read More »
Traders do not make money on every trade, most don’t even make money on half their trades. It is not like other careers, jobs, or hobbies where you learn how to do something then simply work hard and then get paid. A trader in the financial markets pursuit of profits is more like the life of
Pain Management for Traders Read More »
What I learned from Nicholas Darvas via @LucidTrend Market Update: The Growing Tension On The Tape via @SeeItMarket 2 trades last week and a great lesson about reversal trading via @Tradeciety Creating Your Trading Future via @steenbab Exits: know when to hold ’em, know when to fold ’em via @AdamHGrimes
5 Great Trading Articles: 4/10/16 Read More »
$SPY is at the same price it was at in December of 2014. $SPY has simply been trading in a range for over a year with two corrections sprinkled in. The 200 day has gone flat. RSI is still bullish at 56.94 but under the 50 RSI and we could go lower. $SPY is back over the
$SPY Chart Indicator Readings 4/10/16 Read More »
This is a top notch book on the psychology of trading. It directs the reader to the core of what it takes to maintain the right mindset as a trader. Traders share the same stressors that entrepreneurs have and must manage the mind first before the money can really flow. A trader must continue to
If Buddha was a Trader Read More »