SPY has closed above the 5 day ema for eight straight days. The 50 day was broken through to the upside and has held. The 10 day was broken and price moved with momentum far above the 10 day line. Eight out of nine straight trading days have seen higher highs in SPY. The $VXX […]
Ten Fast Bullish Facts About The $SPY Chart Read More »
I have been fortunate to have had a great string of success trading over the past decade from 2003-2013. How I trade today was primarily learned by making mistakes in the late nineties up to 2002. I have always had a knack for getting on the right sides of great trends at the right time.
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If you are randomly trading based on a hunch, with no real underlying system, then your odds of success in the longterm are slim. The systematic trading of a winning methodology is what creates an edge in trading. Consistently trading a robust system or methodology enables you to trade in a way that wins in the
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Each stock is different with how it reacts to support and resistance levels and what what moving average support it gets in an up trend. Facebook has not been an overly powerful momentum stock, the chart looks like one under steady institutional accumulation. Facebook is not a stock that you must buy at break
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Before you launch your trading career or continue it, it is important to ensure that your trading method works. This is where the homework comes in. Chart studies, computer back testing, the study of the success and failure rate of chart patterns, how monster stocks performed historically, and eyeballing charts around specific price action back
What Makes Money In the Markets & Some Performance Histories of Methods Read More »
Do you want to drastically improve your trading? Simple, TRADE SMALLER, risk less, cut losses sooner, but still let winners run. The 1%-2% maximum risk per trade rule can dramatically improve your trading by limiting draw downs and still leaving the upside open for big winners. When you risk smaller amounts of your
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Ten Golden Trading Rules That Can Help New Traders Never add too a losing trade. In adding to a losing trade you are already wrong but now become more wrong with a bigger trading size. Adding to losers makes you a counter trend trader that usually ends badly. Never lose more than 1% to
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Most of the best traders I have read about and know of personally do not predict what will happen they trade what is happening. New traders always want to predict, they want to argue about their beliefs and why something must happen or will happen. Most rich traders are rich because they are
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$SPY was able to trade above the 10 day for 4 straight days which was previous resistance. For six days the 100 day held as support before $SPY made a run for the 50 day. For Four straight days $SPY has made higher highs each day versus the previous day. Last week $SPY successfully
A Dozen Fast Facts About The Current Market Action $SPY Read More »
In trading, the money is not made in the entry, it is in the exit. The art of the exit is crucial to a trader’s success in the markets. Profits can disappear if you do not take them at the right time, and small losses can become huge losses if you do not cut them
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