Down, then up, then down. Market a bit confused. DIRECTION DOWN, FULL HEDGES still in place. Enjoy the ride or in tweetland maybe ETR? — Tom Basso (@basso_tom) January 31, 2014 $AMZN weekly 390 puts sold 3/4 @ 24.28!! — DK1 (@canuck2usa) January 31, 2014 Or one could just trade price: "@jimcramer Darn futures really […]
My Favorite Trading Tweets of The Week Read More »
Chart courtesy of stockcharts.com The Elliott Wave Principle is a from of technical analysis that some traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles
Best Elliott Wave Traders on Twitter Read More »
Don’t trade your opinions trade a carefully written trading plan that expresses a methodology with an edge. Don’t trade your emotions trade your quantified entry set ups. Stop exiting when your scared and exit with your trailing stop is hit. Only trade
My Ten Pieces Of Advice For Trading This Market Read More »
Stay calm. Never trade position sizes that cause you increased anxiety. Stay within your comfort zone. Keep perspective. Keep in mind that one losing trade does not a failure make. If you are risking 1% of your trading capital, it should only be one of the next 100 trades. Stay comfortable. Make sure you
10 Ways To Manage Trading Stress Read More »
What school of trading will you be studying? CAN SLIM, Trend Following, Gann, Fibonacci, Darvas, Day Trading, Swing Trading, etc. or a hybrid? Knowing who you are as a trader is the first step. Quantify your trading methodology
Ten Simple Things New Traders Need To Be Doing Read More »
Last week a lot of traders and investors got hurt in their trading accounts. With the market going from trying to break out to new all time highs to crashing through the 50 day in three days there were the quick and there were the dead. The very best traders I know made money due
MY Ten Observations About The $SPY Chart Read More »
Foolish traders confuse hindsight with trading. They think that because they reviewed price performance history, and saw patterns or results, trading in real time would be simple . They don’t understand that real time trading involves risk management, discipline, and a developed trading plan and probably never will. Foolish traders believe that what
Anatomy of a Foolish Trader Read More »
GRRR!!! > https://t.co/4uwbI7RycW — Mr. Breakout (@sharptraders) January 24, 2014 "In trading, however, the person who can easily admit to being wrong is the one who walks away a winner." – Victor Sperandeo — Andrew Selby (@DontTalkStocks) January 19, 2014 Skin in the game doesn't make charlatans stop charlatanism, it just puts them out of
Lots of Great Trading Tweets This Week Read More »
The biggest mistake that new traders make is they think the right predictions are the key to profits. That making a ‘call’ is the key to great trading. Well it is not. Successful trading comes from robust quantified trading methods. Testing
Trade the Flow, Not Opinions Read More »
“He seemed to want to be glorified for his ability to be right, not quantify his method. It wasn’t a battle with anyone in the group, it was with himself. I don’t think he had the emotional maturity to use mindfulness to have that discussion with himself. Not faulting him, but it’s much easier
Trader Trolls on Social Media Read More »