When I asked my Facebook trading group what was the cause of their biggest trading losses, no one had any trouble remembering those painful and valuable lessons. These top 30 insightful answers will benefit new traders and provide a nice reminder for those with more experience. “What was the cause of the biggest draw downs […]
35 Top Destroyers of Trading Capital Read More »
$IWM is breaking out of a year long price base. Are you ready? This is why I am bullish on breakouts: I will be watching the $118.50 level in $IWM next week that coincides with the 1200 level in the Russell 2000 index. A stronger break and close above this level could result
Electric car companies are all the rage when oil is expensive, but what happens when the oil market takes a dive? Follow along, step-by-step, with my Tesla trade made the week of 12/2/2014. As oil fell day after day, electric car company Tesla showed weakness in price, resulting in several down days in
Do Bears Drive Electric Cars? Read More »
I am not counting the long extended wick on the $SPY chart becasue this is what happened: Berserk, Broken Rampathon Algo “Buys” The S&P At 2,130 The all time high that is relevant after the dividend on the adjusted $SPY chart is now $207.50 and on the $SPX it is now $2079.50. Breaking out
Facts About the $SPY Chart: 12/21/14 Read More »
Each year, I run a poll to find the most helpful traders on Twitter. This year I had more than 1,000 votes cast, and here are the top 20 most helpful traders according to my readers. Thanks to everyone who took the time to vote, and for all the retweets and shares. This is
Twitter’s 20 Most Helpful Traders: 2014 Read More »
Albert Einstein on Sifting the Essential from the Non-Essential An Epic Blowout Michael Gervais: Mindfulness and High Performance Training with the Seahawks (video) Howard Marks: Lessons Learned from the Oil Crash Picking the right Trading jungle
5 Great Trading Articles: 12/20/14 Read More »
Here are the minutes from the last FOMC meeting. pic.twitter.com/zNEApdrzeb — Rudolf E. Havenstein (@RudyHavenstein) December 19, 2014 Congrats playa pic.twitter.com/21aqHkqU5V — Downtown Josh Brown (@ReformedBroker) December 19, 2014 So Citi thinks Instagram is worth $35 billion. Do you remember that Citi once thought Vikram Pandit's hedge fund was worth $800 million? — Downtown Josh
Trading Tweets Of the Week: 12/19/14 Read More »
When a market gaps up out of a trading range it confounds many traders. They do not understand how the price can gap up to a whole new trading range, stay there all day, and even go higher through the day. If the gap is out of an oversold level it is actually a
What Causes A Gap & Go? Read More »
There is nothing simple or painless about trading for a living. You have to compete in a rivalrous arena, defeat other gladiators, and not get yourself killed in the process. Here are a few ways to become a better trader and overcome your opponents. Face reality- Spend time analyzing what you do and
Two Traders Enter, One Trader Leaves Read More »
After reading several hundred trading books I have come to the conclusion that the vast majority are a complete waste of time. However the 10% or so that are good can be life changing and improve your trading dramatically. In looking through my trading library for life changing books, checking out the top sellers
Best Books in the World on Trading Read More »