Chart Courtesy of StockCharts.com Last week $SPY retraced the previous big bullish candle ending lower. The 10 day EMA acted as end of day support last week. Price remains bullish and over the key moving averages 10 day, 50 day, 100 day, 200 day. $SPY is trading inside a price range that is consolidating. […]
Bulls Stopped: $SPY Chart 3/18/18 Read More »
We’re excited to announce that to give our followers a better user experience, we are migrating NewTraderU.com to a new platform this week. Although we don’t expect there to be any significant interruptions in service, we ask for your patience while we roll-out these improvements. In addition to an improved blog reading experience, the new
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All your trades should end in one of four ways: 1. A small win: You take a profitable exit, this is usually a short term trade. 2. A big win: You let a winning trade run when you are on the right side of a trend. This is the biggest contributor to profitable trading as
This is a Guest Post by Alex @MacroOps which was posted originally here: High Quality Trading Is Episodic, Not Continuous and is reposted here with permission. There’s two types of market returns. Alpha and beta. Beta is what you get for diversifying and passively holding the market. Alpha is the opposite. It requires an edge,
Good Trading Is Episodic, Not Continuous Read More »
So many people will quickly judge traders and investors as gamblers. In many families you can’t discuss trading openly without judgmental stares, rolling eyes, and disapproval. The general public does not understand that on a deeper level everyone is a trader in some way. We trade one thing in order to receive another thing. Not
Everyone is a Trader Read More »
This is a guest post by BlockBliss.com: 10 useful tips for cryptocurrency beginners “There are loads of success stories from cryptocurrency investors that hit it big. However, where there are winners there are likely a lot of less fortunate investors too. Don’t become one of those statistics, prepare yourself! The infographic below is a good
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the stock just got ahead of itself — StockCats (@StockCats) March 13, 2018 Stocks are down on ‘profit taking’ — Mr. Breakout (@sharptraders) March 13, 2018 Buy low sell high — John Grimley (@jgrim375) March 13, 2018 Don’t put all your Eggs in the same basket — vinaykumar (@vinne786) March 13, 2018 “It’s
Top 10 Worthless Wall Street Sayings Read More »
“Trend following is a form of technical analysis. However, it is not predictive technical analysis, but rather it is reactive technical analysis. This is key to understand.” – Michael Covel All that matters for a trader is what they are doing right now in the current moment. Their potential entry set ups, their stop losses,
Trading in the Now Read More »
The bulls regained control of the stock market last week. Price is back over all moving averages. The key 10 day ema remains over the 50 day ema which is a bullish crossover system. The tech sector was leading the move back up with $XLK and $QQQ breaking to new all time highs in price.
Big Bullish Candles: $SPY Chart 3/11/18 Read More »
The normal path of nature has fragile things like living creatures and mechanical things follow a ‘bathtub curve’ where, after being a baby then child the probabilities of death increases as time goes by. For fragile things age and health determine the probability of continued survival which is the basis of insurance companies mortality tables
How the Past Projects the Future Read More »