Traders that are emotionally calm and cool that approach trading as a business, have greater odds of profitability than the thrill seekers and gamblers that come to the market. One third of trading is based on logic, and two thirds is based on emotions. Here are 10 things that a trader has to overcome to […]
Calm Trader, Rich Trader Read More »
If you have ever had a Big Mac (and is there anyone who hasn’t had a Big Mac?), you know that what sets it apart from other fast food hamburgers is something called Special Sauce. Surrounded by controversy, people have been trying to figure out exactly what was in this magical sauce for decades. As
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1. A winning trading system must either be designed to have a large winning percentage of trades or big wins and small losses. 2. Your trading system must be built on quantifiable facts not opinions. 3. Start with the weekly price chart to establish the long term trend, and then work down through the daily
10 of the Worlds Most Powerful Trading Rules Read More »
We are stuck in the middle of the 2015 price range. Swing trading is still the winning methodology in this market environment. $SPY price is extended far from the 5 day EMA, and the odds are that we rally to this level next week. MACD had a bearish crossover. The RSI is showing weakness as
10 Facts about the Messy $SPY Chart 8/9/15 Read More »
Important Trading Statistics To Follow Getting Past the Frustration of Trading Choppy Markets Crude Oil’s “Slip and slide (along the bands)” An introduction to mean reversion trading and the 4 biggest challenges Easier said that done
5 Educational Trading Articles 8/8/15 Read More »
1/3 After last night’s debate I decided to accept @realDonaldTrump offer for Secretary of Treasury. — Carl Icahn (@Carl_C_Icahn) August 7, 2015 Following this rule would save all shorts on $AQXP: rules that help me: 1) by 11am if down GET OUT, CUT Losses. No prayers after 11am — Modern_Rock(@modern_rock) August 7, 2015 Lower– left to the
Top Trading Tweets of the Week 8/7/15 Read More »
The great-great-great grandchildren of Dickens take a selfie with him on his 202nd birthday http://t.co/AkBfAFMtmp pic.twitter.com/3Cl4g03gPd — Downtown Josh Brown (@ReformedBroker) February 9, 2014 7 Deadly Social Media Sins: Wrath = Yelp Greed = LinkedIn Sloth = Uber Pride = Twitter Lust = Tinder Envy = Facebook Gluttony = Instagram — Downtown Josh Brown (@ReformedBroker)
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When your specific trading methodology quits working due to a change in the market environment, you are in a losing streak, or a drawdown in trading capital. There are things you can do to lessen the emotional and financial pain. In losing streaks, trade smaller and smaller until you start winning again. Trade less; only
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Forget Candlestick Patterns – This is All You Need to Know Why We Fail To Trade Our Plans After We’ve Planned Our Trades Weekly Market Summary via @ukarlewitz Market Masters: Identifying Strong Bases For Explosive Trades Trading, Trend Following, Boredom
5 Great Trading Articles 8/3/15 Read More »
The $SPY continues to be range bound in 2015. Stocks as an asset class are being traded and not accumulated outside of a few individual stocks like $GOOGL, $FB, and $AMZN. The MACD currently has a weak, bullish crossover. The 5 day EMA held as support which shows momentum. The 52 RSI shows slight
10 Facts About the $SPY Chart 8/2/15 Read More »