Here are five of my favorite facebook pages. These facebook pages provide great trading quotes, articles, links, and more. They are a great part of any facebook news feed for those interested in the financial markets. You will recognize many of these from Twitter. Trading Legends NewTraderU.com StockTwits Tradeciety Trend Following
My Favorite 5 Facebook Pages about Trading Read More »
There are many trading books that discuss the principles and philosophy of trading, and I have read hundreds of them. Here are five books that discuss actual systematic ways to trade price action. Here you will find specific trading models with potential buy and sell signals. These are great places to start on your path
5 Books That Give Specific Trading Systems Read More »
Complexity as a Default Cognitive Style: Why Traders Succeed–And Fail–In Financial Markets Learn from the most successful traders of all times. This is what they do S&P 500 Market Update: Check Your Ego At The Door Keeping Things Simple and Tuning out Folly
My Favorite Trading Articles 9/27/15 Read More »
If you think that suddenly your trading sucks or that your method no longer works, it’s not you, it’s the market. Only skillful day traders and perfectly timed short sellers are really making money this year. The chart is really trendless but makes erratic moves inside the tight range. $SPY is down 6.17%
12 Crappy $SPY Chart Facts: 9/27/15 Read More »
Don't ask me when to exit lol you are on your own but you should always think of this pic.twitter.com/WPBfOqoxx1 — DK1 (@canuck2usa) September 25, 2015 "headed into the 4th Quarter of 2015 we think gold will be outperforming the Dow" – said no one pic.twitter.com/l8wZswdNA4 — StockCats (@StockCats) September 24, 2015 Yes. That's happening
Top Trading Tweets 9/25/15 Read More »
A market is trading under it’s 200 day simple moving average. The market price is trading under all short term moving averages. The MACD has made a bearish crossover. The daily chart’s RSI is under 30. A chart has made lower highs and lower lows for weeks. You are seeing large wicks at the top
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Having a bull mindset in a bear market is not profitable. Bear markets have no long term support, they can make lower lows for a long time. Buying pullbacks is not profitable in bear markets because pullbacks turn into downtrends, and old support becomes the new resistance. Buying dips stops working. Bulls end up getting
Why Bear Markets Steamroll Bulls Read More »
Once we have a proven system, our system’s profitability is not based on our personal ability to trade it. The market environment of trending, range bound, or volatile is what makes our method make money or lose money. Sometimes, we have a perfectly good system and lose money because our method is not viable. A
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Andreas Clenow’s new book takes the reader through creating a mechanical trend following system using momentum ranking for stocks in the S&P 500 index. This is an outstanding trading book because it shows the reader year by year performance, and explains the emotions that a trader goes through during drawdowns in trading capital. Mr.
Book Review: Stocks on the Move Read More »
The chart had a lot of mixed signals last week without many actionable signals. The Fed decision to keep rates unchanged was a sell the news event. $SPY has settled back into a trading range after failing to breakout on the Fed decision. Two back-to-back shooting star candlesticks show that higher prices were sold into
10 Fast Facts on the $SPY Chart: 9/20/15 Read More »