As traders, we try to do constructive things that build faith in ourselves, and confidence in our trading systems. We want to stay on the right path and not wander into the wilderness of destruction. Here are the seven things that we must be cautious of for the sake of profitability. Blaming outside […]
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Chart courtesy of stockcharts.com The 50 day sma was broken and closed above which is a buy signal. The 200 day was broken and closed above today which is a buy signal. The MACD is bullish $IWM has been trading above the 10 day sma for 8 trading days. The momentum has been
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“A triathlon is a multiple-stage competition involving the completion of three, continuous, and sequential endurance disciplines. While many variations of the sport exist, triathlon, in its most popular form, involves swimming, cycling, and running in immediate succession over various distances.” – Wikipedia Trading is a three-dimensional competition that requires the management of three continuous, simultaneous,
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Charts courtesy of stockcharts.com Last week suddenly the fear was turned off and the greed was turned on. The Ebola bottom held with an inter-day loss of the 30 RSI and the close back near that level by end of day. Bearish signals continue to be bullish in this relentless bull market. $SPY &
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PAUL TUDOR JONES: Commodities Will Be Ugly Until At Least 2020 Why Your Trading Strategy Is Still Good After 10 Losing Trades (Infographic) Markets don’t always react the way investors expect, so I focus on what is actually happening Keep an eye on your portfolio heat What is Different About This Market?
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The wildly different response to Ebola betw mathematicians & psychologists/journalists exposes the gap between rigorous and verbalistic. — Nassim NicholنTaleb (@nntaleb) October 24, 2014 All bad news is good news, if bulls can’t exceed yesterdays highs with Ebola, Euro banks, oil tanking & $AMZN crushed what will it take? 😉 — Northy (@NorthmanTrader) October 24,
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Almost everyone has read the statistic that 90% of active traders are not profitable and eventually quit trading. While I don’t have the exact numbers, I suspect that a lot of those traders blow their entire trading account before they quit. Even many legendary traders like Dan Zanger, Nicolas Darvas, and Alexander Elder lost a
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“Stay in the center of the circle, and let all things take their course.” – Lao Tzu For long term profitability a trader must develop an edge over other traders, and then leverage that edge using discipline. Money comes from a trader’s ability to develop a system of robust entries and exits, and trade
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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…
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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
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