$SPY has not closed beneath the 50 day sma in 27 trading days. This is our line of support. The 50 RSI on the daily chart has been our support level as well these past 27 days. With about a 3% return in $SPY this year the risk of long equities has really not been […]
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There is so much bullshit with traders on social media that new traders have trouble seeing what is valuable and what is noise and confusion. Salesman abound with subscription services and playing make believe like they never lose. The vast majority of traders are pretenders, they have not done the homework to be
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While $IWM has been fighting back and forth to take and hold the 200 day line looking more closely at the $IWM chart it appears that the sellers have been waiting at the 50 RSI level on the daily chart to exit $IWM longs. Short term moving averages have been of little use in
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Many are finding this market environment difficult to trade with the loss of the great trends we have had over the past two years here is what I see. With $SPY setting on a less than 2% return for the year this signifies 2014 has been a range bound market. This is the year that
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When u talk, you're repeating what u already know; if u listen, u'll learn something new. Let's listen to price action of $SPY. Be flexible! — Angela Zhou (@z8angela) May 15, 2014 And you all laughed at my Choo Choo Chart $VIX pic.twitter.com/miY06WcoWl — Mella (@Mella_TA) May 15, 2014 @SJosephBurns someone very important must have
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They have the resilience to come back from early losses and account blow ups. They focus on what really matters in trading success. They have developed a trading method that fits their own personality. They trade with an edge. The harder they work at trading the luckier they get.
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https://www.youtube.com/watch?v=AZWO1JisCwc This last one via @Chartlearning
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Work to build and grow your trading capital to a place where you can trade with meaningful stake. Learn about all the different kinds of traders there are and choose the type of trader you want to be. Find out what some of the best books on trading are and then read them. Study
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A trader must have quantified entry signals that tell them when to enter where the probabilities of success are in their favor of being profitable. A trader must build a robust trading system with a positive expectation model of a high winning percent of trades
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Welcome to the range bound phase of this bull cycle. The S&P 500 has not been able to give up much more than 2% this year for long trend followers and buy and holders in this index. 2014 is the year of being stuck in the mud so far with little I see to change
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