Candlestick trading patterns pic.twitter.com/TBWHVqYXAY — Steve Burns (@SJosephBurns) October 20, 2014 Day Trading vs. Swing Trading pic.twitter.com/m7JnMXnwC1 — Steve Burns (@SJosephBurns) October 17, 2014 You know its a bad down day when the price candle is inside the volume bar. $SPY pic.twitter.com/peyTUAClir — Steve Burns (@SJosephBurns) October 15, 2014 Traders on a date be like… […]
15 Popular Tweets 10/21/14 Read More »
Last week the markets did things that have not happened in a long time all of them pointing to a down trend and a structural change in the market. The 200 day was lost and then the market dropped dramatically. The 200 day has held as support since 2012. The 30 RSI was lost
10 Fast Facts- $SPY Chart 10/19/14 Read More »
Lessons From Dorsey Wright’s Thomas Dorsey How Often Does the Stock Market Correct? Fat F1nger Trading Blog Random Thoughts Why ‘Alpha Capture’? I am
Weekend Reading 10/18/14 Read More »
@SJosephBurns @Malkwise @MrTopStep Yum on a gluten free roll please. — RF (@AVsDaddy) October 17, 2014 SPX 20 handles off the highs. Thanks a lot, profit takers. — Irrelevant Investor (@michaelbatnick) October 17, 2014 Need a central banker on the tape to restore BTFD confidence quick here — zerohedge (@zerohedge) October 17, 2014 @SJosephBurns The
Top Tweets of the Week 10/17/14 Read More »
Reminiscences of a Stock Operator has stood the test of time. You know that you are talking to a trader when they love this book and have read it over and over again. It teaches principles that successful traders will be using for many years to come. Like all classic texts, this book doesn’t feel dated, despite being in
I Love These Five Trading Books Read More »
Money and investment capital are very picky things. They are constantly flowing from those who know how to manage it, to those who do not. Money is not static, it is in constant flux. This is why a person that starts out poor in America can end up wealthy, and also why generational wealth can
The Flow Of Money Explained Read More »
Trading is not about one day, one week, or even one year. Trading is about taking money out of the markets over and over again, consistently, and keeping it to spend on other things. When I have bad days, I look at my long term track record over multiple markets, and that gives
12 Principles that Lead To My Long Term Trading Profitability Read More »
The financial markets are looking for applicants that fit these qualifications: Expect long hours of study and research. Assume you will lose money in the beginning. A person interested in becoming a trader must have the mindset of an entrepreneur. Risk, irregular income, and spending money to make money, are all part of the business. You
A Trader’s Job Description: Read More »
Chart courtesy of StockCharts.com The long term up trends last level of support is at the 200 day sma. A close under the 200 day will have me shifting to shorting rallies from buying the dips I have been doing since January of 2013. The long term oscillator support of the 30 RSI is
Ten Fast Facts On The $SPY Chart 10/12/14 Read More »
Correction Road-map – You Are Here Sometimes, Stocks Go To Zero An Antifragile Way of Life Easy Pieces on Risk, #1 – Why is volatility a proxy for risk? Market Wizard Ray Dalio
5 Great Trading Articles For Weekend Reading 10/11/14 Read More »