This is a GUEST POST by Bob Loukas. Follow him on Twitter here. I’ve been of two minds recently regarding the current Cycle picture in equities. So this week, I focused more attention on finding secondary evidence to support a more definitive position on direction. As I suspected it might, my research provided an almost […]
You Don’t Know Where the Market is Heading! Read More »
This is a GUEST POST from Rolf @Tradeciety. The exciting start Do you remember how you got started in trading? Everything seemed possible, and you were ecstatic about the possibilities that trading offered, but what happened afterwards? This article will help you understand the different phases almost all traders will go through, why they are
The Life Cycle of the Typical Trader Read More »
With so many people on Twitter looking for a trading book or book recommendations by @canuck2usa, I have decided to compile a list of his tweet recommendations. I have read many of these myself, and they are truly some of the best. These are a great mixture of Elliott Wave, options, momentum trading, psychology, risk management,
DK1 @canuck2USA Says Read These Books Read More »
There are many paths to trading profitability, but all the paths have similar steps. Here are some important steps you must follow on your path to profitability. The amount of success you have in trading is primarily based on the amount of homework you do. You must develop a winning trading system that is
10 Pathways to Trading Success Read More »
Jack Schwager has personally interviewed the greatest traders of our time. He has published several timeless classics, among them my favorite trading book of all time “Market Wizards”. I was thrilled when I heard that Mr. Schwager had developed his own technical indicators, and they were available through TradeShark.com. TradeShark was generous enough to set me
Jack Schwagers Technical Trading Tools Read More »
The path to profitability Commit to doing the work required to be a successful trader. Create a trading system that captures trends in your time frame. A trader has to be on the right side of the trend in their time frame. The path of least resistance is where you will find the best
The Path to Profitable Trading Read More »
William O’Neil is likely one of the greatest stock traders of our time. O’Neil made a large amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. Today, he runs a successful investment advisory company to big money firms, and is also the creator
William J. O’Neil’s 10 Trading Principles: Read More »
Your entry is based on your opinion not a valid signal. Your bet is that a trend will change with no reason behind the bet. You are entering out of greed after a big move. If you are wrong about the trade you will suffer a huge loss. You enter a trade with no stop
12 Signs You’re in a Bad Trade Read More »
The difference between traders that rely on their instincts and chart reading abilities and those who are pure system traders. Discretionary Traders… …trade information flow. …are trying to anticipate what the market will do. …are subjective; they read their own opinions and past experiences into the current market action. …trade what they want and have
Discretionary Versus Systematic Trading Read More »
For all the people that have asked for it: Here are five trades examples step by step. These were all shared in real time on twitter. My December $UPRO Trade My Simple and Effective $TQQQ Trade Do Bears Drive Electric Cars? My Big Juicy Apple Option Strangle Play My Recent $SPY Trade December 2014
5 Real Life Trade Examples Read More »