There is a high probability that volatility continues to rise next week off recent lows with the perceived and expected headline risk in Iraq and the uncertainty about its future. It would create some better set ups for equity traders if the market uses Iraq as an excuse to take profits and bring the $SPY […]
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The VIX Is Not A Great Way to Measure Complacency 12 Things I Learned About Life From Daytrading Millions Of Dollars Why technical analysis is shunned by professionals Notes from The Disciplined Trader: Developing Winning Attitudes by Mark Douglas Hunter S. Thompson’s Brilliant Life Advice On Finding Your Purpose And Living Meaningfully
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Let’s be honest. Today was really not a day to trade anything. Enjoy the weekend and we should get better action next week. Risk management, Discipline, Willingness to pull the trigger. Apply these to a positive expectancy model & I don’t see how you would fail. — Trade Like a Casino (@TradeLikeCasino) June 13,
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How many years of work are you willing to put in to be a successful trader? What percentage of returns on capital is your annual target? What is the maximum percentage of draw down you are willing to endure? How big is the bid/ask spread on your trading vehicle? What percentage of it will make
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This is not a prediction it is just a list of things to look for as possible signs before a market rolls over. Alone these are just possibilities but the probabilities increase as more of the signs are in place. When the RSI gets near 70 on the daily chart for a stock index ETF,
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Forex bucket shops that pretend to be brokers but really trade against you. Many times killing accounts with big bid/ask spreads. Using attractive female photos to push some service off on traders. Trading newsletter writers that don’t even trade. They issue a lot of buy signals then cherry pick the winners to tout to the
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$SPY spent 2014 primarily range bound before its recent break out. The 5 day ema has been end of day support for the past 12 days. The 50 day sma has been support since late April. $SPY has broken and closed above the 70 RSI for the second time since year. $SPY is up
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Trend following does not work on stocks The Pro’s Process with Richard Weissman 5 Habits of People With Remarkable Willpower Market Masters: How To Find A Trading Style That Suits Your Personality
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@GeorgeManiereg @SJosephBurns my proctologist won’t let me trade 3x leverage — martin pfaender (@bigcoveranch) June 6, 2014 @SJosephBurns well maybe I’ll see one in my life time, I have my doubts at this point but who knows. — TraderVA (@NACuser) June 6, 2014 Never fight the Fed or your portfolio turns red $$ —
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