Trading is not about one day, one week, or even one year. Trading is about taking money out of the markets over and over again, consistently, and keeping it to spend on other things. When I have bad days, I look at my long term track record over multiple markets, and that gives […]
12 Principles that Lead To My Long Term Trading Profitability Read More »
The financial markets are looking for applicants that fit these qualifications: Expect long hours of study and research. Assume you will lose money in the beginning. A person interested in becoming a trader must have the mindset of an entrepreneur. Risk, irregular income, and spending money to make money, are all part of the business. You
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Chart courtesy of StockCharts.com The long term up trends last level of support is at the 200 day sma. A close under the 200 day will have me shifting to shorting rallies from buying the dips I have been doing since January of 2013. The long term oscillator support of the 30 RSI is
Ten Fast Facts On The $SPY Chart 10/12/14 Read More »
Correction Road-map – You Are Here Sometimes, Stocks Go To Zero An Antifragile Way of Life Easy Pieces on Risk, #1 – Why is volatility a proxy for risk? Market Wizard Ray Dalio
5 Great Trading Articles For Weekend Reading 10/11/14 Read More »
A little late tho…I called it on 9/25 ► http://t.co/qltsdEGIeP RT @IBDinvestors: IBD's market outlook has been in correction since 10/1 — Mr. Breakout (@sharptraders) October 10, 2014 Very limited flight to bonds. Flight to cash? — Mike Valletutti, CTA (@marketmodel) October 10, 2014 @marketmodel I didn't want one…just saying :-> — Al Sabogal (@alsabogal)
Top Trading Tweets of the Week 10/10/14 Read More »
I am very picky about who I follow on twitter. I am always looking for the best of the best for quality education, honesty, trades, and entertainment. I have looked, followed, un-followed, and re-followed for years to come up with this of traders that I truly enjoy following and find great value in them.
My Personal Favorite 50 Traders To Follow On Twitter Read More »
Too many times on social media I get feedback from traders that misunderstand how I trade. Many times they even show that they do not understand what successful trading even looks like. Sometimes they are just lashing out because they were trading against me and do not understand how the market did not follow
The Five Things That Bitter Traders Don’t Understand About Me Read More »
Are you trading without a plan? Trading without a plan makes you emotional and a gambler. Do you ever trade too big for your trading account size? Big trades are bad trades for the emotional engagement and risk of ruin that they entail over the long term. Do you risk losing more if you
10 Trading Mistakes: Are You Guilty? Read More »
In the past year the 30 RSI indicator has been the bounce zone for the Russell 2000. Even when this level is lost it has been recovered by the end of the day in the majority of incidences. This is the bounce zone from a technical standpoint. This also still correlates with recent low prices
Where I Will Be Buying the $IWM Dip Read More »
The market did finally bounce intra-day near the 30 RSI Thursday it was quick and violent and sent shorts covering. This indicated we were still in a long term up trend and buy the dip was still alive. Thursday also provide a strong reversal candle showing selling was exhausted and buyers were back in
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