Too many times on social media I get feedback from traders that misunderstand how I trade. Many times they even show that they do not understand what successful trading even looks like. Sometimes they are just lashing out because they were trading against me and do not understand how the market did not follow […]
The Five Things That Bitter Traders Don’t Understand About Me Read More »
Are you trading without a plan? Trading without a plan makes you emotional and a gambler. Do you ever trade too big for your trading account size? Big trades are bad trades for the emotional engagement and risk of ruin that they entail over the long term. Do you risk losing more if you
10 Trading Mistakes: Are You Guilty? Read More »
In the past year the 30 RSI indicator has been the bounce zone for the Russell 2000. Even when this level is lost it has been recovered by the end of the day in the majority of incidences. This is the bounce zone from a technical standpoint. This also still correlates with recent low prices
Where I Will Be Buying the $IWM Dip Read More »
The market did finally bounce intra-day near the 30 RSI Thursday it was quick and violent and sent shorts covering. This indicated we were still in a long term up trend and buy the dip was still alive. Thursday also provide a strong reversal candle showing selling was exhausted and buyers were back in
Ten Fast Facts About The $SPY Chart Read More »
Guest blog: decisions for success The Competition is Lazy How To Be A Lucky Trader 11 Ways To Be Remarkably Average https://www.youtube.com/watch?v=O7cpNdyku6E&feature=youtu.be&list=PLC5042C649CE7FFB3
Five Great Trading Links For Weekend Reading 10/4/14 Read More »
stealing this. RT @JustinWolfers: The problem with the joke about the Efficient Markets Hypothesis is that I assume you've already heard it. — Downtown Josh Brown (@ReformedBroker) October 1, 2014 @SJosephBurns yesterday lol pic.twitter.com/WuosRLW0NR — Mella (@Mella_TA) October 3, 2014 I feel like its time for me to break out the old "If your
Top Trading Tweets of the Week 10/3/14 Read More »
Are you guilty of one of the cardinal sins of trading? Hubris: A foolish amount of pride or overconfidence. No matter how good of a trader you think you are, the market is always bigger. You will not win an argument with its price action no matter what. Fear: Cutting winners short because
Cardinal Sins of Trading Read More »
Here are ten quick and easy steps to making sure your trade has the best chance of being a winner: Your trade entry must be at a price level that gives you either a high probability profit potential or a great risk/reward ratio. You must identify where price has to go to prove you are
Good Trade Anatomy Read More »
The 50 day held on the $INDU chart Thursday showing big cap buyers were present at this key line in the sand. $QQQ held the 50 day on Thursday but found resistance at the 21 day ema Friday. $SPY lost the 50 day on Thursday and found resistance at the 21 day on
Ten Fast Facts About The $SPY $INDU & $QQQ Chart Read More »
Iron Rules of Money Eight Things I Learned from Peter Thiel’s Zero To One Prioritize Your Goals with Warren Buffett’s Two-List System Interview With Ted Hayes, Ph.D., Part One: The Two Drivers of Elite Performance Interview With Ted Hayes, Ph.D., Part Two: A Surprising Finding About the Development of Trading Performance
Weekend Reading for 9/27/14 Read More »