5 Great Trading Articles For Weekend Reading
50 bite size trading tips and tricks Why Most Investors Quit Reader Question: Advice for Newer Traders? Paula Scher on Process versus Outcome
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Top Trading Tweets Of The Week 8/8/14
CYNK market cap still $131 Million. Not bad for a company without employees that doesn't exist — zerohedge (@zerohedge) August 7, 2014 Hope you are in cash — Mr. Breakout (@sharptraders) August 8, 2014 Technical analysis to me is the study of price, if you don't believe in it is there some exchange you've found
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10 Things A Trader Can Know
While you can’t know where prices will go, what the next breaking news will be, or how much profit you will make iny our next winning trade, there are a few things you can know: You can know how big of a position you will take on your next entry. You have to know where
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Key Support Levels For Tomorrow $SPY $QQQ $IWM $INDU
I am currently long $TNA from Thursday, $UDOW from Friday, and $SPY from Thursday. At this point in the market the risk/reward favors the longs. I am using end of day stop losses to filter out the intra-day noise and the increase in volatility both ways. My position sizes are big enough that they
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Ten Crucial New Trader Lessons
Never trade based on your own emotions. Trading based on your own greed or fear will put you on the wrong side of the market the majority of the time. To be a great trader you must stay humble. Big egos will
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Some Clues For A Short Term Support Level
So far, so good….. Previous day support holds. Prices close above the previous days high. On the daily chart, the 30 RSI holds by end of day. A new trading range has developed over multiple days. The volatility expansion to the upside is greater than the volatility to the downside.
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A Dozen Fast Facts About The Current Stock Market Action
The $DIA, $QQQ, and $SPY are still in long term up trends so far. Only $IWM has broken the long term uptrend by closing below the 200 day. $IWM has been the weakest index and $QQQ has been the strongest. $SPY bounced near the 100 day and 30 RSI Friday. $DIA and $IWM did not
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7 Articles For Traders: Weekend Reading
‘Wisdom of the crowd’: The myths and realities Two Forms of Human Motivation: Gain And Prevent Pain Ride Winners and Cut Losers. Period. Stox & Technical Analysis for Traders Selling Short Online Share Trading: Breaking the Beginner’s Cycle One of the most important things we must
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Tweets of the Week – 8/2/14
@canuck2usa trading styles are like personalities – not something one can copy — Cornholio (@RChang6) July 29, 2014 Doji, doji everywhere! — Christopher Ebert (@OptionScientist) July 29, 2014 Forget about trying to be right all the time. Concentrate on making much more when you’re right than you lose when you’re wrong. — Mark Minervini
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Ten Things To Consider When Placing Stops
A stop loss level should be planned when you enter a trade. This is the price level that if it is reached that you will know that your entry was wrong. You should position size with a share count and dollar amount where if your stop is hit you will not lose more than 1%
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