Long term trend in place as a bull market. Intermediate time frame $SPX is range bound with a half percent return in 2014 for buy and hold indexers. On the short term time frame $SPX is range-bound with 1840 as support and 1880 as resistance on the daily chart. The current $SPX chart along […]
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Traders Beat Market Indexes Borrowing Tools From Sports Last Week’s Brick Wall For S&P No Surprise 10 Inspirational Quotes from Navy SEAL Training Indicators vs Price Action! The debilitating myth of musical chairs It’s Tax Time! Don’t Be An April Fool The Secret Trading Strategy From The
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This here is what ya get from a yellin’ at the stock markit. pic.twitter.com/zDbVnOmXWP — Christopher Ebert (@OptionScientist) March 26, 2014 When I said Chop-fest I wasn’t j/k no trend atm be nimble or be stedfast but overtrading will Kill Bulls or Bears in this MKT — DK1 (@canuck2usa) March 23, 2014 Learning to trade
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So many new traders ask me how to develop their own entry signals and build their own trading systems, I wanted to share a few sites that provide basic backtesting functionality: ETF Replay is a site that provides free backtesting for ETFs using moving averages, moving average crossovers, and a free ETF portfolio backtest
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Good traders HATE draw downs in capital, they do everything they can to limit the severity of their draw down in correlation with the expectations of returns. Good traders HATE it when they break their discipline and take a bad entry out of anticipation or personal beliefs, they like taking
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New traders and rich traders speak different languages because they see the markets differently. New traders see the riches and rich traders see the risks. New traders see the possibilities, while rich traders see the probabilities. New traders want to get rich quick, while rich traders know that building wealth takes time. New traders love to
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In baseball the best hitters are disciplined enough to wait for the best pitches only before they swing. The best hitters are picky and have developed the ability to know what the best pitches are and wait for them. Regardless of physical strength the true success of hitters in baseball comes from the ability to
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State of the Market as of 03/21/2014 Ten Things I Learned While Trading for Victor Niederhoffer The high-frequency trading firm that’s about to go public only had one day of trading losses in five years The Blowup: Game, Set, Match! Grinder 5 Compelling Reasons Never to Retire 10 Price Action Tips That Will Make You
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Trade Like a Casino @TradeLikeCasino: Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House (Wiley Trading) “If we are properly managing the risk and adhering to a positive expectancy model, the act of trading a position should be boring.” – Richard Weissman Michael Covel @Covel: Trend
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“There are as many as 10 components to a professional trading system, and the entry signal is probably the least important.” – Van Tharp So many trader’s spend a huge majority of their time on the best entries into trades when that is not really the most important thing for profitable trading. Here are
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