Buy the deepest dips into oversold territory. Indexes tend to snap back to the previous days low, the 5 day ema, 200 day sma, and the 30 RSI. Sell the rallies back into resistance. The short term resistance can be the high of the day, a rally back to green, and eventually the 200 day […]
10 Tips for Trading a Downtrend Read More »
$IWM $DIA $SPY and $QQQ are continuing to trade under the 200 day simple moving average. Indexes are spending more time under the 5 day EMA than above it. The market indexes continually go up on low volume days and end down on large volume days. The market had terrible breadth with less and
10 Signs a Stock Market Downtrend Started Read More »
Here are the 3 websites that I think have the clearest and best charts on the web. StockCharts.com FreeStockCharts.com Investors.com
My 3 Favorite Charting Websites Read More »
Breakouts: When To Buy 150 likes 10 Signs of a Reversal 118 likes Best Books in the World on Trading 107 likes 10 Bad Habits of Unprofitable Traders 78 likes Jesse Livermore’s 21 Trading Rules 70 likes Interviewing Mark Minervini & David Ryan 68 likes How to Trade Like A Lion 64 likes So You
My Most Liked Blog Posts of 2014 Read More »
The stock market continues to be range bound in 2015. Buying weakness and selling strength is the profitable methodology this year, with limited success in momentum and short-lived stock trends. $SPY is stuck in the middle of the five month trading range of $205 support and $213 resistance. The 50.03 RSI is neutral but it
$SPY Chart Facts: Stuck in the Middle Again Read More »
Are Market Breadth Issues A Caution Sign For Stocks? The 3 types of stop loss strategies and how to combine them in a meaningful way Theme 2: The death cross Mental Model: Misconceptions of Chance How two of history’s greatest investors deal with losses
Best Trading Articles Week 8/15/15 Read More »
$/ESU5 The Chop is real don’t get to comfy pic.twitter.com/5pVeiXRkhB — DK1 (@canuck2usa) August 11, 2015 Greek election cycle: vote for anti-bailout party. Accept bailout. Go to new elections and vote for the anti-bailout party. Accept bailout — GreekFire23 (@GreekFire23) August 14, 2015 North Korea now has its own time zone. It’s called 1948. —
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The right mindset Your have to be able to manage your emotions. You have to have faith in your ability to trade your plan with discipline. You have to do enough homework that you will have faith in your system and your prospects of being profitable. You must manage your stress so you don’t make
The 12 Requirements for Profitable Trading Read More »
Traders that are emotionally calm and cool that approach trading as a business, have greater odds of profitability than the thrill seekers and gamblers that come to the market. One third of trading is based on logic, and two thirds is based on emotions. Here are 10 things that a trader has to overcome to
Calm Trader, Rich Trader Read More »
If you have ever had a Big Mac (and is there anyone who hasn’t had a Big Mac?), you know that what sets it apart from other fast food hamburgers is something called Special Sauce. Surrounded by controversy, people have been trying to figure out exactly what was in this magical sauce for decades. As
The Stock Market Special Sauce Read More »