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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 »
Paul Tudor Jones on the 200-Day Moving Average Determining Optimal Risk Position Sizing and Expectancy Want to succeed? You need systems not goals Adding Tools to Your Mental Toolbox
5 Great Trading Articles 11/15/14 Read More »
@TraderHMS @SJosephBurns somebody has to buy a top — RogerV (@RVchartchatter) November 14, 2014 @SJosephBurns with no beer — Mike Weaver (@weavenow) November 14, 2014 I would rather wish I was in a trade than wish I was out of a trade. Capital preservation and risk management are a traders job. — Sunrise Trader (@SunriseTrader)
Top Trading Tweets 11/14/14 Read More »
This is a guest post from Rajesh that blogs at Nifty Nirvana. Knowing why something works can be the key to everything: Trading is a probability game. Right. I do not want to dispute that. I know very well that there are no certainties in Markets, only probabilities. But I can’t agree with the
Guest Post: Drug Your Trading Read More »
While looking at the interesting data points using ads.twitter.com, I found it interesting to see the nine other Twitter accounts most followed by my own Twitter followers. No real surprises here, but very interesting that CNBC is not on the top nine. Are they having popularity issues? I follow most of the traders on
9 Most Followed by My Followers Read More »
The 5 day ema has provided end of day support for 18 trading days. The 10 day sma has provided support for 19 trading days. 8 days ago $BABA broke out above all time highs and never retraced. For the past 5 trading days $BABA has been in as $119.45 resistance / $106.48 price
10 Fast Facts about the $BABA Chart Read More »
This is a guest post by Brian C. @TraderVancouver on Twitter and Stock Twits. Brian blogs at www.TraderVancouver.com “Victorious warriors win first and then go to war, while defeated warriors go to war and then seek to win.” ~Sun Tzu Newer traders like to focus on the trade set-up, the entry point. They’re
The Unstoppable Trader Read More »