A trading plan expresses specifically how you will execute your trading system in real time with real money. Here are the 10 dynamics that go into creating a trading plan. Entry signal: What price action parameters or technical signals will cause you to enter a trade? How will exit your trade if it is a […]
10 Dynamics of a Trading Plan Read More »
Here is an great video put together by Trend Following Author Michael Covel covering the winning principles used by the world’s greatest traders. These are not theories or opinions these are the common principles used by these rich traders. This is the kind of video where the viewer may get that aha! moment and then truly
25 Trend Trading Commandments Read More »
This market index changed from accumulation to just being traded back and forth since December 9th. The trading range since December 9th has been support at $222.73 while resistance has been near all time highs at $227.75. The long term uptrend is still up as it tried to break out to the upside again Friday.
The $SPY Chart Trading Range: 1/8/17 Read More »
Lessons from a Legendary Short Seller If You’re So Smart, Why Aren’t You Rich? Investment, Economics, and Finance Calculators & Visualizations Links
My Favorite Trading Articles: Week 1/7/17 Read More »
Yep. The Dow hit 19,999.63 and then… https://t.co/CmLDvtyNua$DJIA $DIA pic.twitter.com/i9s5ZkO2C2 — StockTwits (@StockTwits) January 6, 2017 Netflix is up 10,793% SINCE its 2002 IPO ? It just closed at $131.81/share. That's an all-time closing high: https://t.co/8mWv3qPTcj$NFLX pic.twitter.com/VmzoSbd7y4 — StockTwits (@StockTwits) January 5, 2017 if we don't hit Dow 20k today after all that hype,
Top Trading Tweets of the Week: 1/6/17 Read More »
Here are the top personal finance rules that could change your long term success and allow you to end up with a high net worth instead of being deeply in debt, living paycheck to paycheck, and always feeling financial pressure. These are more behavioral than mathematical in most cases. Self control, patience, and consistency are your top tools
The Most Powerful Personal Finance Rules Read More »
How you manage your trade will have a great impact on your success as a trader and your profitability. Trades are not as simple as getting a hot tip and then buying. The entry, the exit, the discipline and the risk management have to all converge for success in trading. Miss managing a step in
Trade Management 101 Read More »
Here are the required reading recommendations by Larry @LMT978 that can create the foundation of your trading library. Larry lead in my online poll as the most helpful trader on twitter up until the last few hours. He has studied trend following for many years and I actually knew him from Facebook before twitter and he has
10 Trading Books that are Required Reading Read More »
10 Price Action Trading Tips You Can Learn in 10 Minutes 418 Likes The 5th Annual Most Helpful Trader on Twitter Poll – 2016 302 Likes How to be a Profitable Trader in 180 Days 228 Likes The 7 Most Important Money Decisions of Your Life 104 Likes The 5 Holy Grails of Trading 70
My Top Blog Posts of 2016 Read More »
Long term the $SPY chart is still in an uptrend. $SPY remains within striking distance of all time highs in price. But needs price consolidation and a pullback before it can really go higher. The odds of success favor buying pullbacks. In the short term $SPY is on the wrong side of the 10 day
Three $SPY Dip Buy Levels 1/2/17 Read More »