Foolish traders confuse hindsight with trading. They think that because they reviewed price performance history, and saw patterns or results, trading in real time would be simple . They don’t understand that real time trading involves risk management, discipline, and a developed trading plan and probably never will. Foolish traders believe that what […]
Anatomy of a Foolish Trader Read More »
GRRR!!! > https://t.co/4uwbI7RycW — Mr. Breakout (@sharptraders) January 24, 2014 "In trading, however, the person who can easily admit to being wrong is the one who walks away a winner." – Victor Sperandeo — Andrew Selby (@DontTalkStocks) January 19, 2014 Skin in the game doesn't make charlatans stop charlatanism, it just puts them out of
Lots of Great Trading Tweets This Week Read More »
The biggest mistake that new traders make is they think the right predictions are the key to profits. That making a ‘call’ is the key to great trading. Well it is not. Successful trading comes from robust quantified trading methods. Testing
Trade the Flow, Not Opinions Read More »
“He seemed to want to be glorified for his ability to be right, not quantify his method. It wasn’t a battle with anyone in the group, it was with himself. I don’t think he had the emotional maturity to use mindfulness to have that discussion with himself. Not faulting him, but it’s much easier
Trader Trolls on Social Media Read More »
https://www.youtube.com/watch?v=83knEINh1kc
OPTION TRADING 101 Videos Read More »
A few key points to remember when analyzing market movements: Uncertainty causes much of the volatility, as neither buyers, sellers, or holders have the majority conviction to control the trend. Unexpected good news causes the market to (generally) go up as the new situation is priced in. Expected good news is usually sold into when
Understanding Market Movement Read More »
With the action in the markets in the past few weeks I am looking at selling OTM call option premium using bearish credit spreads on $SSO and possibly swing trading long off any deep dips with bounces and shorting reversals off rally peaks in the the 65-70 RSI territory if we get there. We’ll see
Ten Fast Facts About the $SPY Chart Read More »
^ Via Andrew Selby ^
Trading Memes I Thought Were Funny Read More »
Some advice for using #twitter –> pic.twitter.com/dxxmHpxmE7 — Steve Burns (@SJosephBurns) January 11, 2014 "What I was confident in was the probability of winning after fifty trades per year." – Gil Blake — Andrew Selby (@DontTalkStocks) January 17, 2014 Complexity sells, simplicity pays – http://t.co/YyRDDZqbYz — Jon Boorman, CMT (@JBoorman) January 16, 2014 @RedDogT3Live @MNYCx
Great Trading Tweets of The Week Read More »
Twitter can be a lot of noise if it is not filtered properly for quality. Here are twelve of my favorite follows on twitter that add add value to me stream through their expertise in many different areas. Their content and tweets are always high quality
Twelve Master Traders I Follow In The Twitterverse Read More »