Your entry is based on your opinion not a valid signal. Your bet is that a trend will change with no reason behind the bet. You are entering out of greed after a big move. If you are wrong about the trade you will suffer a huge loss. You enter a trade with no stop […]
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The long term trend is still up. The short term trend is down with price under the 5 day ema & 10 day sma. $SPY is still under the 50 day sma and presents the danger of a deeper dip before another leg up. Momentum buy signals are failing as selling into strength continues.
10 Facts about the $SPY Chart 4/5/15 Read More »
10 Things I’ve Learned About Trading Over The Past Decade March Trader Profile: Angling for efficient returns 6 Ways to Improve Your Self-Discipline Today Five Techniques to Improve Your Luck How Your Language Signals Trading Mistakes In Advance
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Looks like we are in a “bad news is bad news” and “good news is bad news” environment. — traderstewie (@traderstewie) April 3, 2015 in wake of today’s jobs report, who should be more ashamed: all the forecasters who missed by a mile, or anybody who listened to them? #WSJ — Jason Zweig (@jasonzweigwsj)
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How Chris Camillo Beat the Pros at Investing (by Reading Tabloids, Shopping at the Mall, and Connecting on Facebook) and How You Can, Too How did author and investor Chris Camillo turn $20,000 into $2 million in only three years during a bear market? It was not
Laughing At Wall Street Read More »
Strategies for Big Winners Michael Covel has spent over a decade making trend trading accessible to the average investor. Those who have listened and taken heed to his advice have done well in the wild markets over the past four years, while buy and hold investors have ridden the proverbial price roller coaster to
The Little Book of Trend Following Read More »
Michael Covel has written an easy to read and understand book entitled “Trend Commandments: Trading for Exceptional Returns” FT Press, that condenses and explains the principles of successful trend followers. This book is based on the author’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Paul Tudor Jones, the
The Trend Commandments Read More »
This post originally appeared in the Student Forum on www.NewTraderU.com. Thank you Salman for letting me share it with my blog readers. Guest Post by: Salman Merchant These are my two cents, and since I’m only a novice trader I can only speak from intuition: Since there are a great number of strategies and trade
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I am flat coming into today. No positions. — Steve Burns (@SJosephBurns) March 25, 2015 Monday and Tuesday warned me to exit my long positions with a failure to make higher highs and then Tuesday with a close below the previous days low of day. I went to cash on Tuesday. The bears put
10 Facts about the $SPY Chart 3/29/15 Read More »
Much Ado About IPO Lockup Expirations: Data and Stats Why Courage is Key to Trading Success 6 Things That Separate The Pro From The Amateur Trader That You Can Change Right Now The 22 Rules of Trading of @gtotoy The History and Rationale of the Broadening Formation https://www.youtube.com/watch?v=83qFdyTgnds
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