The $SPY chart is overwhelmingly bullish and crossed into all time highs. (Based on the $SPX chart. I do not count the $SPY crazy ramp candle to $211.80) The only concern is where the profit taking will be. When will the $SPY reverse and begin to start hitting stop losses? Where are the dip […]
10 Facts About the $SPY Chart 2/15/15 Read More »
Here are five of my favorite trading articles from this week: This is the Big One The Ultimate Guide on How to Use Risk /Reward Ratio Correctly Bulkowski’s Position Sizing 5 Tips to Deal with Trading Losses The Top 5 Reasons You Suck at Making Rational Decisions
My Favorite 5 Trading Articles: 2/14/15 Read More »
One thing I have learned over the years trading is that crisis = opportunity — DK1 (@canuck2usa) February 9, 2015 To much info when trading is counter productive..atleast for me…less is WAY MOAR….plus I really dont like reading — DK1 (@canuck2usa) February 11, 2015 If you are on TWTR and critcize another trader for being
Top Tweets of the Week 2/13/15 Read More »
For all the people that have asked for it: Here are five trades examples step by step. These were all shared in real time on twitter. My December $UPRO Trade My Simple and Effective $TQQQ Trade Do Bears Drive Electric Cars? My Big Juicy Apple Option Strangle Play My Recent $SPY Trade December 2014
5 Real Life Trade Examples Read More »
Trade based on price action; not opinions, predictions, or emotions. Trade in the direction of least resistance in your time frame. Develop your own profitable trading system. Only trade in markets after you have back tested your system or studied historical charts. Use a trading plan that sets the parameters for your system’s implementation.
Steve Burns’ 10 Golden Trading Rules Read More »
Over trading Most new traders think that they must always be long or short the market. They lose a lot of money during certain market stages like corrections, high volatility, or bear markets. Sometimes the best position is cash. Sometimes the best trade is no trade. Sometimes their is no signal just chaos. Profitable
5 Mistakes Almost All New Traders Make Read More »
This is a Guest Post from Rolf @Tradeciety (He has some of the best content and trading graphics on twitter). “You only learn from your mistakes” is a very dangerous and misleading statement. And at the same time, it is totally wrong. In fact, there is so much you can only learn from your winning
What Your Trading Results Can Teach You. Read More »
The reason many traders were whipsawed last 2 weeks with prices is that there was no trend, only swings back and forth in the $SPY. After uptrend and then downtrend signals over the past two weeks the market has settled into range bound prices. $207 resistance and $197 support since late October. The resistance
$SPY Chart Facts: 2/7/15 Read More »
Suckers and Lessons in Trading 5 Quick Guidelines for How to Buy on a Pullback Beyond “Sissy” Resilience: On Becoming Antifragile Quotes from the Market Wizard Linda Raschke Jesse Livermore – A Great Trader? Really?
5 Great Trading Articles: 2/7/15 Read More »
Greece is 11 million people and just 2% of Euro Zone GDP. Bail it out already or Let It Go. We’ve all had enough. — Downtown Josh Brown (@ReformedBroker) February 6, 2015 On this day in 1911 the invisible hand of the free market lowered baby Ronald Reagan into a red, white and blue manger
Top Trading Tweets of the Week 2/6/15 Read More »