Are you guilty of one of the cardinal sins of trading? Hubris: A foolish amount of pride or overconfidence. No matter how good of a trader you think you are, the market is always bigger. You will not win an argument with its price action no matter what. Fear: Cutting winners short because […]
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The 50 day held on the $INDU chart Thursday showing big cap buyers were present at this key line in the sand. $QQQ held the 50 day on Thursday but found resistance at the 21 day ema Friday. $SPY lost the 50 day on Thursday and found resistance at the 21 day on
Ten Fast Facts About The $SPY $INDU & $QQQ Chart Read More »
Timeless tweet RT @michaelbatnick: "I don't trust this move" Guy who sold out of everything yesterday — Jon Boorman, CMT (@JBoorman) September 26, 2014 And if my Aunt had balls she'd be my Uncle RT @MarketWatch: If it wasn't for Nike, Dow futures would be negative http://t.co/W8dP1tfTp0 — Jon Boorman, CMT (@JBoorman) September 26,
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Here are five quick trading tips that could increase your odds of profitability a great deal. Five Quick Trading Tips In up trends you should be primarily buying dips and in down trends you should be primarily shorting into strength. When you are buying a dip or selling short into an extended up
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The long term stock market up trend is still firmly in place. All time highs still being within striking distance is still a bullish sign. Quadruple witching caused much of the volatility Friday as traders settled contracts across markets. The 5 day ema being broken
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Finding Opportunity Means Taking Shots: Same for Football, Same for Trend Following Introductory RSI Post Darvas Box, a classic breakout system, and its tweaks Johnny Chan teaches trading How Did ‘Sell in May and Go Away’ Work This Summer?
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Over trading is when a trader takes a trade based on fear, greed, desperation, or ego instead of a valid entry signal. Over trading is due mostly to wanting to be profitable so bad that impulses are driving decisions instead of a trading plan. If a trader has an edge over the markets then
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A big part of trading is to stop doing the wrong things. Even if you do the right things and don’t stop doing the wrongs things you will not be profitable in the long term. Doing the right things as a trader can make you money but doing the wrong things can lose you even
A Trader’s Stop List To Get to Profitability Read More »
Instead of profiting from one of the greatest bull markets of all time perma-bears waste this opportunity with these excuses: 10 Things Stubborn Bears Say In Bull Market It just can’t go any higher. “It is due for a pullback.” “All time highs? That’s bearish.”
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Ten Things That Are Expensive For Traders. Egos. Emotions. Not respecting the mathematical risk of ruin. Gurus. Television. Trading without a methodology. Trading with no trading plan. Stubbornness. Trading without a stop loss. Trend fighting in your time frame. Over trading. Taking bad entry set ups. Copying someones trades with no knowledge of their position
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