The 200-day and 50-day are starting to descend lower, showing a long term downtrend is developing. We are still under a bearish 50/200 day ‘death cross’. $SPY has traded under the 10-day EMA for the majority of this year, demonstrating that bears have stayed in control of the market. $187 is the short term support level for […]
Bulls Retreat: $SPY Chart 2/7/16 Read More »
Evidence-Based Vs. Hit And Miss – How To Make Succeeding An (Almost) Certainty The Most Important Question of Your Life How To Light The Fire When You’re Burned Out What January Says About Market Returns For 2016
My Favorite Trading Articles: 2/6/16 Read More »
This kind of market chews up pos traders. I know it sounds repetitive but being patient can NOT be over stated. Been here so many times. — Assad Tannous (@AsennaWealth) February 3, 2016 Been trading for 25 yrs & not trading is the only aspect of trading I still struggle with. Alternative is to lose
Top Trading Tweets: 2/5/16 Read More »
Here are five of the most important trading habits for a trader to integrate into their day-to-day entry and exit decisions. If your trading plan has rules that cover these principles, then you must follow them long enough so they become habits. Always choose a price level that will prove your trade entry was wrong and set a
5 Habits for Profitable Trading Read More »
At times, markets have nice price trends where being long or short for days or weeks will lead to profitability. These are the markets that most new traders make money in by having a bias and holding onto that belief. This usually doesn’t end well because they are unable to understand when the trend is changing. Other markets
Playing Defense in a Tough Market Read More »
A common misunderstanding among new option traders is that 90% of all options expire as worthless, so a seller of option premiums will have a higher win rate than a trader that buys options. This belief doesn’t take into account a statistic published by the Chicago Board Options Exchange (CBOE) that only 10% of option contracts are actually held until expiration and
Does Selling Option Premium Give You an Edge? Read More »
The market loved the surprising move by the Bank of Japan going to negative rates on Friday. This was the catalyst for the Friday move forcing short sellers to cover and momentum traders to chase the move. $SPY had a MACD bullish crossover on Thursday before the huge up day Friday. The 10 day EMA
Bulls Take the Wheel: SPY Chart 1/31/16 Read More »
Trading is a dual major in liberal arts and math Dallas Fed “Responds” To Zero Hedge FOIA Request The Best Trading Strategy for Trading Trend and Range Weekend Market Commentary 1/29/2016 – $RUT, $RVX, $SPX, $VIX, $VXV via @ThetaTrend How to manage risk as a trader. Become a professional risk manager
My Favorite Trading Articles: Week 1/30/16 Read More »
Hell of a week and what a month!!!This year will challenge all of us & our psychology to the max.Process & discipline are key. — Northy (@NorthmanTrader) January 29, 2016 I sincerely hope Dennis Gartman never proclaims the world to be safe from asteroids. — Northy (@NorthmanTrader) January 27, 2016 So many predictions, so much
Trading Tweets of the Week:1/29/16 Read More »
Technological advancements like the iPhone cause traditional products. Even retailers like Amazon are over-trading platforms that connect directly to consumers and are displacing companies and even entire industries. Here is a list of things that are going away: Brick and mortar retailers: Amazon has already rendered bookstores and electronic stores obsolete, and they are now working on
12 Dying Industries Read More »