Over trading is when a trader takes a trade based on fear, greed, desperation, or ego instead of a valid entry signal. Over trading is due mostly to wanting to be profitable so bad that impulses are driving decisions instead of a trading plan. If a trader has an edge over the markets then […]
The 5 Dangers of Over Trading Read More »
A big part of trading is to stop doing the wrong things. Even if you do the right things and don’t stop doing the wrongs things you will not be profitable in the long term. Doing the right things as a trader can make you money but doing the wrong things can lose you even
A Trader’s Stop List To Get to Profitability Read More »
Instead of profiting from one of the greatest bull markets of all time perma-bears waste this opportunity with these excuses: 10 Things Stubborn Bears Say In Bull Market It just can’t go any higher. “It is due for a pullback.” “All time highs? That’s bearish.”
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Ten Things That Are Expensive For Traders. Egos. Emotions. Not respecting the mathematical risk of ruin. Gurus. Television. Trading without a methodology. Trading with no trading plan. Stubbornness. Trading without a stop loss. Trend fighting in your time frame. Over trading. Taking bad entry set ups. Copying someones trades with no knowledge of their position
15 Things That Cost Traders a Lot of Money Read More »
The last four trading days has been in a $200.55 resistance and $198.56 support range hardly a down trend of bearish. The long term up trend is still intact and price is still within striking distance of all time highs. The 21 day ema has acted as end of day support since that line was
Ten Fast Facts About The $SPY Chart 9/14/2014 Read More »
Five Fatal Flaws of Trading Top tips for traders Why Being Yourself Is The Key To Being A Successful Investor A Dozen Things I’ve Learned from Josh Brown How To Think
Weekend Reading for 9/12/14 Read More »
I've traded since 1976. A golden rule is this: "Silver bulls and their money are eventually parted." $SLV — Peter Brandt (@PeterLBrandt) September 11, 2014 @SJosephBurns I know, I know, I need to ask myself "WWSBD" before making / not making a plan for the trade. #ManvsSelf — J. Bob O'Malley (@jimomal77) September 11, 2014
Top Trading Tweets of the Week 9/12/14 Read More »
Ten Annoying Things That Traders Do On Social Media Attacking another trader’s position without understanding the time frame or the position size of one of the trade. Trying to be a teacher of trading when they should still be students. Trying to make a living off selling services to traders and not even trading their
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In strong market up trends the 21 day ema acts as support for pull backs in major market indexes. This is our line in the sand right now. I am holding a full size $SPY position with the loss of the 21 day ema as my end of day stop. If this 21 day
The Current Key Moving Average Support for $SPY $DIA $QQQ Read More »
“Don’t marry hot stocks, just date them.” Hot stocks are only good when they are in up trends, when the party is over you have to break up with them. Hot stocks are great to trade in and out of but you don’t want to turn them into a life long investment. A good stock
7 Ways A Hot Stock is Like A Hot Girlfriend. Read More »