“By mid-1978, I had been a security analyst for eight years and it had become intolerable. I knew I had to do something different. I always knew I wanted to work for myself, have no clients, and answer to no one. That, to me, was the ultimate goal.” – Marty Schwartz This is what it’s […]
Marty Schwartz’s 6 Key Trading Rules Read More »
$SPY sits at +3.04% year to date. It hasn’t delivered much return in 2016 for all the risk that has been taken on during the drawdowns. $SPY continues to stay inside a large trading range since late 2014. All-time highs were rejected last week. The Brexit possibilities are starting to send jitters into the equity markets,
The $SPY Chart in Nowhere Land Read More »
What you’re not hearing about George Soros today Sit on Your Hands and Prosper The Value of Grey Thinking
My Favorite Trading Links: Week 6/11/16 Read More »
A lot less George Soros mocking today. — Northy (@NorthmanTrader) June 10, 2016 I know what you did last summer. pic.twitter.com/BjXwmHFLlg — Northy (@NorthmanTrader) June 10, 2016 Fear of giving back profits is why most traders will never truly make life changing fortunes.Those that do succeed end up grinding a living. — Assad Tannous (@AsennaWealth)
Top Trading Tweets of the Week: 6/10/16 Read More »
The surprisingly bad job’s report released on Friday was initially sold off, but then recovered and rallied back to erase the majority of morning losses. We traded around a $208.85 support and a $211 resistance level last week in $SPY. This is a good price base to build, setting up another run to higher levels. This market continues to be
The $SPY All Time High Battle Continues Read More »
The Emotions vs. Sentiments Tim Pickering: “Investments can be broken down into essentially two types: Convergent and Divergent S&P 500 Trading Update: Will Lower Support Levels Hold? How Language Defines Our Limits–And Our Opportunities Diversification Will Always Disappoint
Top Trading Articles of the Week: 6/4/16 Read More »
My mentor always told me why initiate a new position/trade just before a # comes out wait and let all the emotional trades execute 1st — DK1 (@canuck2usa) June 3, 2016 As always if you are over emotional about your trades you're position size is to large — DK1 (@canuck2usa) June 3, 2016 Zero conviction
Top Trading Tweets of the Week: 6/3/16 Read More »
I really enjoyed this book by author Darrin Donnely who runs the DarvasTrader.com website. It was hard to put down, because it told the story of a head football coach that rose to the top of his profession with an NFL team, only to leave in failure and return to coach college football. Many of us are able to relate
Think Like a Warrior Read More »
For those of you that aren’t familiar with StockTwits.com, it’s a social media network for traders and investors that’s powered by $CashTag streams where people can post information about their favorite companies based on their stocks ticker symbols (Example $AAPL). (Twitter later adopted the $Cashtag alongside its own #Hashtags). You will find charts, technical and fundamental analysis, trading and
My Favorite 10 Follows on StockTwits Read More »
Technical indicators are not magical and they are not a Holy Grail. Market price action changes from trends to price ranges, and from low volatility to high volatility. They are good for building systems so you can measure your risk on each trade, and use them as trading tools to quantify your entries and exits. They are
Technical Trading Tools 101 Read More »