Revenge trading is the irrational desire to win back your losses from the same market or stock that you lost money in. Why is it Important to Avoid Revenge Trading? It makes you blind to other trading opportunities. You allow feelings to override your trading plan. You don’t have to make back money the same […]
Why is it Important to Avoid Revenge Trading? Read More »
We’ve mentioned how trading is very similar to poker before on New Trader U. Today, let’s delve into these similarities and the key takeaways that traders can apply to their everyday profession. From the get-go, you can already notice that it’s all about mindset. Here’s what traders can learn from this popular card game: 1.
5 Lessons Poker Can Teach Traders Read More »
Chart Courtesy of StockCharts.com The new Turkey sanctions gave the stock market an excuse to sell off Friday. The high overbought 67+ RSI last week held as resistance. An RSI of 57.50 is a more neutral level as the chart resets. The $SPY unadjusted high of $286.63 held as resistance. $SPY price closed under the
Cracks in the Bull’s Horns: $SPY Chart: 8/12/18 Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. What type of responsibility do tech companies have in today’s society? That’s my question. I’m not sure. But this whole Alex Jones
Alex Jones VS Silicon Valley… Who’s Right? Read More »
We often hear of trading with an edge, but how do we know for sure we have an edge in our trading? How do we know that the odds are in our favor and that the more we trade, the more our accounts will grow? An edge is a definable advantage over your competition. If I
Top Ten Edges a Trader Can Have Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. How is Best Buy (BBY) still surviving? Shouldn’t Amazon (AMZN) have destroyed them by now? Well it turns out not only is
Why Best Buy Is NOT Going Out of Business Read More »
This is a Guest Post by Akil Stokes There’s an old saying in the trading industry that goes “90% of traders will lose 90% of their money within the first 90 days of trading.” Whether these numbers are accurate is debatable, but something that we can all agree on is that the failure rate of prospective
Trade Like a Heavyweight Champion Read More »
This is a Guest Post by AK of Fallible AK has been an analyst at long/short equity investment firms, global macro funds, and corporate economics departments. He co-founded Macro Ops and is the host of Fallible. Robert Shiller is not a fan of classical economics. And neither am I. In this video you’ll learn why! The problem with
Why Economists Are WRONG About The Stock Market Read More »
The following is an excerpt I wrote for Bob Lang’s new book “Know Your Options: How to Build Wealth Using Proven Options Trading Strategies and Technical Analysis.” What is a trader? Traders are often misunderstood. While investors are more mainstream, traders are viewed as risk takers or as having ulterior motives. There are some significant
Chart courtesy of StockCharts.com The current short term $SPY trading range is resistance at the adjusted all time high of $284.37 and support at $278.50 since July 13th. $SPY remains within striking distance of breaking out to new all time highs at an unadjusted $286.63. All time highs are bullish. The more attempts to
Bulls Won the Battle Last Week: $SPY Chart 8/5/18 Read More »