My Favorite Trading Articles for Week 10/3/15
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Top Trading Tweets of the Week 10/2/15
The good news is that 142,000 people got jobs in September. The bad news is they’re all Draft Kings. — Downtown Josh Brown (@ReformedBroker) October 2, 2015 OK, everyone trot out your pet reason for why the Dow reversed 350 points today. I’ll print the t-shirts. — Downtown Josh Brown (@ReformedBroker) October 2, 2015 The
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10 Facts About the $IWM Chart
$IWM has closed lower than the previous day 9 out of the last 10 days. This is bearish. Wednesday’s rally was rejected Thursday. This is bearish. The MACD is under a big bearish cross. $IWM did have a reversal candle today, but it failed to close over yesterday’s high of day. $IWM is down -8.9%
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My Favorite 5 Facebook Pages about Trading
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
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5 Books That Give Specific Trading Systems
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
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My Favorite Trading Articles 9/27/15
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
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12 Crappy $SPY Chart Facts: 9/27/15
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%
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Top Trading Tweets 9/25/15
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
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10 Signs a Market is in a Downtrend
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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Why Bear Markets Steamroll Bulls
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
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