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 […]
5 Big Trends For The Next 10 Years Read More »
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%
The $SPY Chart Meat Grinder Read More »
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
5 Top Trading Articles: Week 4/18/15 Read More »
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
Top Tweets of the Week 4/17/15 Read More »
#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
Jesse Livermore’s 10 Key Principles Read More »
Trend Following – Learn to make millions in up or down markets – by Michael Covel is the Bible for trend following traders. The book is well written and contains the key principles that the most successful money managers use to profit from trending markets. After personally reading over 200 stock trading books I have
Lessons From Trend Following Traders Read More »
I bought $UDOW at $141.92 on April 7th, as $DIA pulled back to the 50 day line and stayed above it. When trading leveraged ETFs, it’s crucial to trade them using the regular ETF, as compounding daily losses and gains distorts the leveraged chart that is a derivative of the standard ETF. $DIA
$DIA: My Favorite Equity Index To Own Today Read More »
AAPL Surfing the 50 day up The interesting thing about the current $AAPL chart, is that it is a neutral pennant pattern with the 50 day SMA line creating a rising support, and the upper resistance trend line declining. A close above the upper trend line, or a close below the 50 day SMA,
$AAPL Surfing the 50 Day Read More »
I entered $TNA on March 12th after a gap and go over the 5 day EMA, after a bounce off the 50 day, near the end of the day at $85.85 I set my end of day stop for a close under the 5 day EMA. My position size limited my loss to less
My Profitable March 2015 $TNA Trade Read More »
Last week the chop continued as all the bearish signals of another down leg had no follow through, and the market rallied slowly and steadily to trigger bullish signals. On Monday $SPY broke out over the 50 day, 5 day EMA and short term resistance to signal a buy. Intra-day noise last week was
$SPY: Whipsaws, Chop, & Resistance 4/12/15 Read More »