This is a Guest Post by Jake @TrendSpider. In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the first full week of August and compare how the crypto weekly charts are looking. To learn more about Raindrop charts and the platform in general, […]
The Trendlines and Fibonacci Levels to Watch Next Week Read More »
No matter how much a trader believes that they can predict the future, how strong their conviction is, or how much they believe, no individual trader or investor can control the outcome of a market move unless they have enough capital to move a market their self. Traders have the unique frustration that few other
12 Things A Trader Can Control Read More »
Backtesting is the process of applying a strategy of entry and exit signals to historical price data to see if the system would have made money in the past. Systems that create good risk/reward ratios with bigger winning trades than losers or a high winning percentage of trades with no big losses will backtest as
How to Backtest Stock Strategies Read More »
“If you can’t measure it, you probably can’t manage it… Things you measure tend to improve.” – Ed Seykota Keeping a trading journal is like writing your own trading book about yourself. Writing a trading journal forces you to put your feelings, thoughts, mistakes, risk management parameters, and ego problems on paper. Writing helps
30 Questions Your Trading Journal Should Answer Read More »
This is a Guest Post by Dan Fitzpatrick of StockMarketMentor.com and OptionMarketMentor.com. I have a question for all SMM/OMM members: Are you taking control of your own trading development, or are you looking for the magic bullet, the Holy Grail, the secret sauce, the sure thing? Are you actually putting yourself on a path to
Will You Pay the Price For Trading Success? Read More »
If we want a perfect entry, we will never trade. If we want a perfect company, we will never invest. If we want a perfect person, we will never marry. If we want a perfect job, we will never be employed. Perfection is not the goal, success is. A big stumbling block for new traders
Why Perfection Is A Bad Trading Goal Read More »
In the past 25+ years of being active in the financial markets I have been a big reader. As many people will sit and watch television, play video games or be on the internet for hours I have done the same thing with books. I love learning new things and gaining life changing information to
What I Learned Spending $5,000 on Trading Books Read More »
This is a Guest Post by Niclas Hummel, creator of the Risk Simulator and a trader living in Bangkok. “Trading is managing risk and being a trader is being a risk manager.” This simple statement implies two realities: There is always risk The only thing you can do is manage it So what can you do to be a
10 Tips For Better Risk Management in Trading Read More »
This is a Guest Post by Jake @TrendSpider. In this weekend’s analysis, we take a look at the broad market ETF daily Raindrop Charts (TM) and weekly hollow candles into the last few days of July. To learn more about Raindrop charts and the platform in general, make sure to check out all of our User
Key Trendline Resistance on the $SPY and $QQQ Charts Read More »
This is a Guest Post by Troy Bombardia of BullMarkets.co. Market outlook: Stocks’ next few months will be unlike the past few months It’s been 7 months since the stock market’s December 2018 bottom, and the S&P has rallied 28% since then. The rally is slowing down, and it is unreasonable to expect the next 7 months to
The S&P 500 Index Risk/Reward Ratio at these Price Levels Read More »