This is a guest post from Rajesh that blogs at Nifty Nirvana. Knowing why something works can be the key to everything: Trading is a probability game. Right. I do not want to dispute that. I know very well that there are no certainties in Markets, only probabilities. But I can’t agree with the […]
Guest Post: Drug Your Trading Read More »
I entered $TQQQ at $83.13 based on the $QQQ chart as it broke above the 50 day sma. This has been a profitable buy signal over the past 4 years. My stop was a close below the 50 day sma. With the first gap and go I moved my stop to a close below
My Simple and Effective $TQQQ Trade Read More »
Charts courtesy of stockcharts.com and @361Capital These are the kinds of charts that can trick so many because the only selling pressure at all time highs is the pressure to take profits. The longs aren’t being stopped out for losses if they are placed correctly outside the normal intra-day price noise. The pressure
10 Facts About the $SPY Chart- 11/2/14 Read More »
Trading Rules From A Professional Trader: Richard Weissman 20 Golden Rules For Traders by Alan Farley Dan Zanger’s 10 Golden Rules The Art of Trading: Golden Rules. From @TraderStewie Dennis Gartman’s 22 Rules of Trading
5 Links to Great Trading Rules Read More »
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
8 Easy Ways to Blow Up Your Account Read More »
“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
10 Ways to be in the Circle of Profitability Read More »
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%
Ten Things To Consider When Placing Stops Read More »
This is not a prediction it is just a list of things to look for as possible signs before a market rolls over. Alone these are just possibilities but the probabilities increase as more of the signs are in place. When the RSI gets near 70 on the daily chart for a stock index ETF,
10 Signs of a Short Term Market Top Read More »
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
The 17 Differences Between Good Trades & Bad Trades Read More »
A breakout into an overbought price level as measured in the historical context of an oscillator. This is almost always a bad trade. $SPY breaking out into a 65 RSI is not the same as it breaking out of a long term price range, to all time highs over a 50 RSI. Buying a breakout
Breakouts: When To Buy Read More »