The stock market continues to be range bound in 2015. Buying weakness and selling strength is the profitable methodology this year, with limited success in momentum and short-lived stock trends. $SPY is stuck in the middle of the five month trading range of $205 support and $213 resistance. The 50.03 RSI is neutral but it […]
$SPY Chart Facts: Stuck in the Middle Again Read More »
Are Market Breadth Issues A Caution Sign For Stocks? The 3 types of stop loss strategies and how to combine them in a meaningful way Theme 2: The death cross Mental Model: Misconceptions of Chance How two of history’s greatest investors deal with losses
Best Trading Articles Week 8/15/15 Read More »
$/ESU5 The Chop is real don’t get to comfy pic.twitter.com/5pVeiXRkhB — DK1 (@canuck2usa) August 11, 2015 Greek election cycle: vote for anti-bailout party. Accept bailout. Go to new elections and vote for the anti-bailout party. Accept bailout — GreekFire23 (@GreekFire23) August 14, 2015 North Korea now has its own time zone. It’s called 1948. —
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The right mindset Your have to be able to manage your emotions. You have to have faith in your ability to trade your plan with discipline. You have to do enough homework that you will have faith in your system and your prospects of being profitable. You must manage your stress so you don’t make
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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
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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
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