We are at an interesting crossroads in the market. The long term up trend is still in place but we are over due for a pull back to either the 21 day or 50 day sma just to get some price consolidation from this extension so far above the 200 day sma. There is […]
Key Areas to Watch this week on 3 Charts. Read More »
When being a trend trader you never know where the big profits are going to come from. You take your entries and follow your rules and let the market tell you what to do next. Here is a simple trade I did in April using a conservative tax deferred trend following account that is
My Personal Example of a Simple but Effective Trend Trade $SPY Read More »
“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…” -Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s record is as
This Guy Is Possibly the World’s Best Trader…. Read More »
Making money in the financial markets is not only challenging but just surviving an account blow up is also a win for many new traders. There is one thing that ultimately determines your success in the markets. It is not your stock picking skills, your trend following or even trading a robust method. The dividing
The Biggest One Thing that Separates losing traders from the Winners Read More »
The $SPY has spent 19 days out of 20 closing above the 5 day ema and 19 days straight above the 10 day sma. The 50 day has held in this index for this entire year, if any bears are wondering, this is what an uptrend looks like. I went fully long in my long
Here is What I See On These Three Charts Read More »
“Trend followers use reactive technical analysis. Instead of trying to predict a market direction, their strategy is to react to the market’s movements whenever they occur. This enables them to focus on the market’s actual moves and not get emotionally involved with trying to predict direction or duration.” -Michael Covel/ Trend Following You Might be
You Might be a Trend Following Trader if….. Read More »
This blog post is an excerpt from my book New Trader, Rich Trader. “The funny thing is that the principles you have been teaching me for trading success have also been helping me in other areas of my life. I think much more clearly about many parts of my life now. My journal has expanded
Why Trading & Life have the Same Winning Principles Read More »
Risk management is far more important than profits, keeping the capital you have safe is more important than growing it. With the parabolic move we have seen in many markets it is crucial that we do not become greedy and lose our basic rules of risk management and put our account in danger of ruin.
The Many Faces of RISK Read More »
“The whole world is simply nothing more than a flow chart for capital.” -Paul Tudor Jones Successful trading is the attempt to be on the right side of the flow of capital. Each change in price happens with a new agreement between the current buyer and seller. Buyers and
A Winning Trading Method is Really All About this….. Read More »
The SPY trading range is currently at $163.50 resistance with very strong support at $162.50. We have two key support levels below us at the 10 day sma and 50 day sma. We are in an up trending equity market with cheap money flowing in day after day to be put to work.
Three Charts with My Thoughts & My Plans Read More »