$SPY broke out over the 5 day EMA Friday. This shows short term momentum out of the downtrend. This is an early bull signal, but only the first. The 5 Day EMA held as support Friday. This level needs to hold to confirm this is a short term reversal. Friday’s up day was on lower volume than […]
First Bullish Baby Steps $SPY Chart 1/24/16 Read More »
The Truth About Trading For A Living (Tips for people getting started) Boost Your Trading Performance by Objectively Grading Trades and Days Using A Market Crisis To Find Ways To Improve Your Trading The illusion of control and having a winner after a winner – things traders don’t know Some Corrections Turn into Bear Markets
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No truth to this @zerohedge story. The Dallas Fed does not issue such guidance to banks. https://t.co/rmE3Zul3PM — Dallas Fed (@DallasFed) January 18, 2016 those who took the opposite of Goldman's Top Trades for 2016 is up double digits 3 weeks into 2016 — zerohedge (@zerohedge) January 22, 2016 Commodity fund friend tells me they’re
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Most people don’t associate love with financial health, but your choice of life partner will be one of the most important financial life decisions you make. Staying single decreases your risk of ruin by marrying the wrong person, but getting married drops your expenses in half and doubles your chances of financial success. You have to love and
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We are not in Kansas anymore, Toto. Just as Dorothy learned that Oz was different than Kansas, new traders, perma-bulls, and buy-and-hold investors are learning that a downtrend and market correction is not the same as a bull market or range bound market. Oversold levels can become more oversold, lows can get lower, and price support
We Are Not in Kansas Anymore Read More »
Trader Profile: Meet John Walsh, the Cabbie Trader The article is shared here with permission from Steve LaMoine at The Turtle Follower I am extremely excited to bring another layer of education to the blog. Over the next few months I have lined up interviews from top traders within the trading world. Some are trend
Trader Profile: Meet John Walsh Read More »
I have been active in the stock market in some form for over 20 years. I have made money in several different ways, looking for a good fit for my personality that allowed me to accomplish my life goals. I started as a mutual fund investor and evolved into a trader of stocks and options. My trading
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$SPY is currently in a correction after falling over 10% from all time highs. The 5 day EMA has been the end of day resistance for all of 2016 as $SPY has been in a strong short term downtrend. On Friday the $SPY bounced near a triple bottom support line. Friday’s candlestick was a bullish
The $SPY Chart Enters the Bounce Zone Read More »
The Cure for Market Fatigue and Frustration Making money by trading less – 10 situations when not to trade Why Successful Traders Choose Simplicity Over Complexity How Do I Trade Wiseguy Activity? If You’re Reading This It’s Not Too Late
Top Trading Articles: 1/16/16 Read More »
Markets YTD pic.twitter.com/CzTlZavr9g — Rudolf E. Havenstein (@RudyHavenstein) January 15, 2016 We are at major support right here. Look at the chart. pic.twitter.com/woLP4H6hPH — 3:30 Ramp Capital™ (@RampCapitalLLC) January 15, 2016 Most of the good traders I know are making a deliberate effort to stay away from the screens. — Assad Tannous (@AsennaWealth) January 13,
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