Chat with Traders Interview: Dr. Steenbarger
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World’s Most Powerful Trading Principles
A book review for Brent Penfold’s book “The Universal Principles of Successful Trading: Essential Knowledge for All Traders in All Markets” This book is excellent for traders that are ready for it. You need a foundation in trading to understand its importance and take the principles seriously. Once you are through the rainbow and butterfly
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Good Traders are Flexible Traders
Flexibility for the trader to move with price action is the key to successful trading. Stubbornness is very expensive in the markets when you are on the wrong side of a trend. You can be rigid with your rules and risk management but you must be flexible when it comes to how the future plays out
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10 New Trader Errors to Avoid
Trading is one of the few professional fields where anyone can go up against professionals very quickly and easily by simply opening a trading account. The barrier to entering the trading world is low and most people can get quick and easy access to trading live markets. There is no college required, no degree, or
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$SPY Chart Facts: 1/22/17
$SPY remains in a long term uptrend but has made no progress to the upside since December 12th staying tightly in a range. Support is currently $225 while resistance is $228. RSI at 58.44 gives room for more upside in the short term. MACD remains under a bearish cross giving a warning of the trend failing to
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Top Trading Articles: Week 1/21/17
Diversification Or Concentration? “Diversification covers up ignorance?” “Trend following performs strongest when bond & stocks are at their weakest or strongest.” Portfolio Rebalancing Might Be Overrated The Most Powerful Force In The Universe
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Top Trading Tweets: Week 1/20/17
Predicting – Thinking you know what will happen next Reacting – If something happens, then you’ll do this Quit predicting, START REACTING! — Rayner Teo (@Rayner_Teo) January 18, 2017 Using fundamentals to trade is like calculating the average rainfall over a decade, to decide whether you need to bring an umbrella out now — Rayner
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How to Trade an Unknown Future
This is a Guest Post by Alex @MacroOps which was originally posted on his site at The Fallacy of Market Prediction and reposted here with permission. Spoon boy: Do not try and bend the spoon. That’s impossible. Instead… only try to realize the truth. Neo: What truth? Spoon boy: There is no spoon. Neo: There
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Differences between Retail and Prop Traders
The following is a guest post by Thiago Ghilardi, founder of Trademetria (https://www.trademetria.com) Would you be happier as a prop trader or retail trader? Understanding the differences between these two could make your trading business more enjoyable and profitable. Along the years, you might need to reconsider your choice depending on several factors like experience level, capital and location. Whether
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10 Things a Trader has to Beat
To be a profitable trader you must overcome these ten things: You must beat the market benchmark you are competing against or you might was well just buy and hold that index. You must beat your emotions by following a trading plan. You must beat your ego by taking losses early when you are proven
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