While I know follower counts are not the most accurate way to measure the quality and value of a trader’s participation on twitter or if they even really trade. I do believe that the very large amount of followers these have make them people interest and worth checking out. I follow many on […]
17 Very Popular Traders on Twitter Read More »
So many new traders ask me how to develop their own entry signals and build their own trading systems, I wanted to share a few sites that provide basic backtesting functionality: ETF Replay is a site that provides free backtesting for ETFs using moving averages, moving average crossovers, and a free ETF portfolio backtest
3 Free Backtesting Sites Read More »
Good traders HATE draw downs in capital, they do everything they can to limit the severity of their draw down in correlation with the expectations of returns. Good traders HATE it when they break their discipline and take a bad entry out of anticipation or personal beliefs, they like taking
Ten Things Good Traders Hate Read More »
New traders and rich traders speak different languages because they see the markets differently. New traders see the riches and rich traders see the risks. New traders see the possibilities, while rich traders see the probabilities. New traders want to get rich quick, while rich traders know that building wealth takes time. New traders love to
Traders Speak Different Languages Read More »
In baseball the best hitters are disciplined enough to wait for the best pitches only before they swing. The best hitters are picky and have developed the ability to know what the best pitches are and wait for them. Regardless of physical strength the true success of hitters in baseball comes from the ability to
Baseball Quotes and Trading Read More »
Long term trend is still up. We are still in a bull market. Intermediate and short term trend is range bound. Current resistance is now all time highs set Friday. The 20 day sma is short term support level. A close below this level
$SPX Chart Fast Facts 3/23/14 Read More »
State of the Market as of 03/21/2014 Ten Things I Learned While Trading for Victor Niederhoffer The high-frequency trading firm that’s about to go public only had one day of trading losses in five years The Blowup: Game, Set, Match! Grinder 5 Compelling Reasons Never to Retire 10 Price Action Tips That Will Make You
Trader Food: Ten Great Links For Weekend Reading Read More »
The greatest counteract to doubt and uncertainty in markets that I know of, is having a systematic process. — Jon Boorman, CMT (@JBoorman) March 17, 2014 Data to traders is like food to fish. We only need a little to get the job done. Too much can be lethal. @TraderMED @canuck2usa — SystemsTrader95 (@SystemsTrader95)
Tweets Of The Week – 3/21/14 Read More »
Trade Like a Casino @TradeLikeCasino: Trade Like a Casino: Find Your Edge, Manage Risk, and Win Like the House (Wiley Trading) “If we are properly managing the risk and adhering to a positive expectancy model, the act of trading a position should be boring.” – Richard Weissman Michael Covel @Covel: Trend
10 Of My Favorite Trading Authors Are On Twitter Read More »
“There are as many as 10 components to a professional trading system, and the entry signal is probably the least important.” – Van Tharp So many trader’s spend a huge majority of their time on the best entries into trades when that is not really the most important thing for profitable trading. Here are
Ten Things More Important Than A Trade Entry Read More »