The $DIA, $QQQ, and $SPY are still in long term up trends so far. Only $IWM has broken the long term uptrend by closing below the 200 day. $IWM has been the weakest index and $QQQ has been the strongest. $SPY bounced near the 100 day and 30 RSI Friday. $DIA and $IWM did not […]
A Dozen Fast Facts About The Current Stock Market Action Read More »
‘Wisdom of the crowd’: The myths and realities Two Forms of Human Motivation: Gain And Prevent Pain Ride Winners and Cut Losers. Period. Stox & Technical Analysis for Traders Selling Short Online Share Trading: Breaking the Beginner’s Cycle One of the most important things we must
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@canuck2usa trading styles are like personalities – not something one can copy — Cornholio (@RChang6) July 29, 2014 Doji, doji everywhere! — Christopher Ebert (@OptionScientist) July 29, 2014 Forget about trying to be right all the time. Concentrate on making much more when you’re right than you lose when you’re wrong. — Mark Minervini
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A stop loss level should be planned when you enter a trade. This is the price level that if it is reached that you will know that your entry was wrong. You should position size with a share count and dollar amount where if your stop is hit you will not lose more than 1%
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There is an old parable known as “the blind men and the elephant.” In this story, there are four blind men who are asked to determine what an elephant looks like. The first blind man feels the leg of the elephant and says, “The elephant is like a tree because it is large and round
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Momentum trading is generally used to capture strong moves in short time frames usually for not more than a few hours or a few days. Generally momentum traders are very focused on only a few trades at a time at most and scan a large watch list for a few signals. Trend followers by contrast
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The long term uptrend stays in track as momentum slows and small pullbacks take hold. Currently this market environment currently still favors buy and hold investors, trend followers of the long term uptrend, and swing traders from the long side during pullbacks. Buying strength or momentum on the indexes has just not worked for most
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Technical Analysis 101: Defining Support and Resistance Random stock picking will beat S&P: Fund manager The Single Best Predictor of Sustained Trading Success The Best First Investment You Should Make “What have you done for me lately?”
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WS in state of shock that Bezos refuses to play their game although he hasnt played it in 14 years. $AMZN — Alan Farley (@msttrader) July 25, 2014 If you can’t test your trading system what makes you think it will work going forward? — David Stendahl™ (@David_Stendahl) July 25, 2014 OBAMA SAYS FED
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