Unfortunately, the retail trading world is full of false promises. No other industry has as many snake oil salesmen, promising to make traders rich for a fee. The more a newsletter writer or trading system seller tells you how easy trading is, the more cautious you should be. Consistently profitable trading requires a […]
Trading Expectations: Keep It Real Read More »
The long and short term up trends in the market are both in place. This market has gone parabolic on a break above the 70 RSI. This is a rare outlier event to run so far with no pullback. This is currently a market for trend followers and momentum traders. Short signals have failed
$SPY Chart: 10 Fast Facts 11/23/14 Read More »
Scientist Discovered Why Most Traders Lose Money – 24 Surprising Statistics The Theory Of Reflexivity: A Primer For Today’s Market The Secret to Momentum is the 52-Week High?? Trick Quickly Reveals Stock Price Manipulation Tony Robbins tells you how to make money like a billionaire
5 Great Trading Articles 11/22/14 Read More »
Morning coffee always tastes better when things working — DK1 (@canuck2usa) November 21, 2014 “Our greatest power is that we know that we don’t know…" – Ray Dalio. — The Chartist (@thechartist) November 21, 2014 RT @pdacosta: There's an economic forecasting competition on TV pic.twitter.com/zBW426aV6C — Jon Boorman, CMT (@JBoorman) November 20, 2014 There's a
Top Trading Tweets: Week of 11/21/14 Read More »
As a trader, your #1 goal is to keep your current trading capital safe and secure. Your goal as a a trader is to make money and not lose money. Many new traders lose their trading capital in the first year, but these ten tips will help you keep your capital intact so you can
Capital Preservation: 10 Trading Tips Read More »
If a new trader wants to be a successful, they will need to treat their trading like they would operate a profitable business. Many traders lose a lot of money by approaching trading like it is a hobby. In trading, making money is the goal, and must be kept at the forefront of a
Starting a Trading Business Read More »
Introducing the Free Monthly New Trader University Newsletter! The signup is at the bottom of this site. Receive my monthly email newsletter by entering your e-mail in the space provided and clicking subscribe. Once a month you will receive: Past trade: A trade example step-by-step of my best trade of the month. Current Trade
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“The answer to the question, What’s the trend? is the question What’s your timeframe?” –Richard Weissman One of the biggest misunderstandings among traders is the time frame on which they trade. A day trader can believe a stock is going down and be bearish on the intra-day chart, while a longterm stock picker is
5 Trading Timeframes Read More »
Trade #1 I shorted $IWM three days ago by buying $TZA at $13.02 when $IWM was near the 70 RSI on the daily chart. My stop loss was to exit if $IWM closed above the 72 RSI. My trailing stop is to stay short unless $IWM closes above the previous day’s high. There is
3 Trades Explained $DIA $IWM $SPY Read More »
chart courtesy of stockcharts.com The long term up trend is still in place. All indexes are with-in striking distance of all time highs which remains bullish. $SPY $QQQ $IWM $DIA With all stock indexes pushing against the 70 RSI on the daily chart the potential upside is very limited putting the odds on limited momentum
$SPY Chart With 10 Facts 11/16/14 Read More »