This is a guest post from Raj Patel, @LucidTrend. You can see more of his work at www.Lucid-Trend.com What is the value of a weather report? We watch weather reports for two reasons: First, we can plan ahead and use our time wisely. You don’t want to plan a trip to the beach if there […]
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Here are ten good trades a trader can make concerning psychology, risk management, and methodology. We must turn bad behaviors into good behaviors to turn a profit. Trade big losses for small losses through positions sizing and stop losses. Trade small wins for big wins through trailing stops and letting winners run. Trade predictions for price
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“The Holy Grail is not what you would expect it to be. It is something that is different for each person. It’s a hidden secret you have to discover for yourself but it is obvious once it is realized.”- David Mobley, Sr. Most new traders go on a quest for “The Holy Grail” of trading.
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We finally see volume coming in on Thursday and Friday as the market moves higher, this is bullish. Bullish Slow Stochastics Crossover. Bullish to have a declining ATR. Bullish MACD. Bullish to be over the 10 day EMA, but price needs to consolidate here as price is extended from the 10-day EMA. Bullish $SPY breakout
Bulls Won: $SPY Chart 3/13/2016 Read More »
How To Improve Your Performance Analysis To Immediately Become A Better Trader Trading With Your Brain–And Your Gut @Trader_Dante Trading Education Introduction Damn Ramp, Back At It Again
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Two things define you as a trader. Your patience when the market isn't giving and your attitude when it is. — Assad Tannous (@AsennaWealth) March 10, 2016 Patience is the most under utilised tool in trading. It's my biggest edge. I'd rather be patient and miss a trade than be impatient & rash. — Assad
Top Trading Tweets of the Week: 3/11/16 Read More »
Here are 5 basic technical indicators to get you started in trading price action instead of anyone’s opinions or predictions. Moving averages tell you the trend in your time frame based on what side price is on in relation to the moving average, price above the moving average can be bullish while prices below it
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Here are 7 of the most popular charting websites online. These sites are where you will find the best software and charting packages online. Find the one that you like the best and is the easiest to use so you can spend your time and effort in studying historical chart patterns. StockCharts.com TradingView.com Finviz.com MarketSmith.com FreeStockCharts.com
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One trade is meaningless outside a trading system. A trading system can not be implemented without a trading plan. Entries are just the beginning; the exit is what determines if a trade is profitable or not. Here is the structure all traders need for long term success: We have to create a trading system that
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Bulls had control last week driving stocks higher day after day with little intra-day weakness. The bullish double bottom played out as the rally took the $SPY back to the 200 day SMA. The 200 day SMA is the current resistance level. A close over the 200 day will finally put the bulls in control and cause trend
10 Fast $SPY Chart Facts 3/6/16 Read More »