Are you a Gambler or a Trader (infographic)
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Top Trading Tweets of the Week: 4/24/15
$AMZN 15 year bull market. 8000% return. The bears who have been growling ought to be ashamed of themselves for their stupidity. — OptionsTrader31 (@OptionsTrader31) April 23, 2015 A little media on my tweet–> http://t.co/JW8Gcnu1Js — DK1 (@canuck2usa) April 22, 2015 We didn't have Tinder. In my day you drunk-dialed out of a high school
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10 Mental Errors Traders Make
The primary thing that trips up the vast majority of traders and investors is not the math, the markets, or a trend. What causes the 90% to end up unprofitable in the long run is mental errors. Errors caused by fear, ego, greed, and a lack of discipline to create a plan or to follow
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George Soros ‘ 10 Trading Principles
George Soros gained international notoriety when, in September of 1992, he risked $10 billion on a single currency speculation when he shorted the British pound. He turned out to be right, and in a single day the trade generated a profit of $1 billion – ultimately, it was reported that his profit on the transaction
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The Path to Profitable Trading
The path to profitability Commit to doing the work required to be a successful trader. Create a trading system that captures trends in your time frame. A trader has to be on the right side of the trend in their time frame. The path of least resistance is where you will find the best
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5 Big Trends For The Next 10 Years
Successful traders are always on the lookout for the next big trend. For those able to identify large societal shifts well before the market, there is potential for huge gains. For instance, how much money would you have made if you had been able to predict the success of the Internet or the iPod? Or
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The $SPY Chart Meat Grinder
Currently the $211 price level has held as the $SPY resistance on the daily chart. Friday’s resistance was the 5 day ema. On Friday the 50 day sma almost held as end of day support. For nine days $SPY has traded in a $207 support/ $211 resistance price range. With $SPY up only 1.17%
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5 Top Trading Articles: Week 4/18/15
Asymmetric Nature of Losses and Loss Aversion Mentally Strong People: The 13 Things They Avoid What I Learned By Studying My Exits Tradeciety Video Trading Education Market Masters: Why Emotional Intelligence Gives Investors An Edge
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Top Tweets of the Week 4/17/15
2012 I had 500 followers-Now I have 26,000-But I thot by now I'd have over 1 million followers-So please tell all your friends 2 follow me — Mr. Breakout (@sharptraders) April 8, 2015 If they don't get those Bloomberg terminals back online soon, I fear a major lacrosse game could break out downtown… — Downtown
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Jesse Livermore’s 10 Key Principles
#1 Livermore’s wealth was built primarily from big position trades that lasted for weeks or longer. He made his big money holding a trend not scalping or day trading. Which was very difficult in those days with commission costs and speed of execution. “Money is made by sitting, not trading.” #2 Livermore pioneered the idea
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