The big money is made by holding positions not daytrading — DK1 (@canuck2usa) May 1, 2015 Best thing I read today: “Money managers aren’t paid to forecast. They are paid to adapt.” — Henri Simoes, trader (@TraderHMS) April 30, 2015 There are 3 situations the market bottoms in: 1) You sell it. 2) You […]
Top Tweets of the Week: 5/1/15 Read More »
“Don’t ever let them get into your pocket.” – Paul Tudor Jones Here are the errors we make that cause the market to take our money: Traders miss a trade setup, then take it late in the move. Chasing a trade is rarely a good decision. Buy right or sit tight. Traders buy a dip
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$SPY broke out of the adjusted for dividends chart on Friday and very close to unadjusted all time highs. The MACD is bullish. $SPY held the 50 day line all week. $SPY has begun to show momentum by closing above the 5 day ema for five straight days. A 60 RSI has $SPY on the
10 Fast Facts: $SPY Chart 4/26/15 Read More »
The primary thing that trips up the vast majority of traders and investors is not the math, the markets, or a trend. What causes the 90% to end up unprofitable in the long run is mental errors. Errors caused by fear, ego, greed, and a lack of discipline to create a plan or to follow
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2012 I had 500 followers-Now I have 26,000-But I thot by now I'd have over 1 million followers-So please tell all your friends 2 follow me — Mr. Breakout (@sharptraders) April 8, 2015 If they don't get those Bloomberg terminals back online soon, I fear a major lacrosse game could break out downtown… — Downtown
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BUT WHAT DOES IT MEAN? RT @businessinsider: Extremely rare black flamingo seen in Cyprus: http://t.co/42EbYJbEYN pic.twitter.com/VsPl2ubOBG — Downtown Josh Brown (@ReformedBroker) April 9, 2015 RT @ritholtz: Analyst Career RIsk pic.twitter.com/79mLCx8nPA — Downtown Josh Brown (@ReformedBroker) April 8, 2015 #Tsarnaev verdict so far: GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY GUILTY — Grasswire (@grasswire) April 8, 2015 "I want all of the market's
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The long term trend is still up. The short term trend is down with price under the 5 day ema & 10 day sma. $SPY is still under the 50 day sma and presents the danger of a deeper dip before another leg up. Momentum buy signals are failing as selling into strength continues.
10 Facts about the $SPY Chart 4/5/15 Read More »
Looks like we are in a “bad news is bad news” and “good news is bad news” environment. — traderstewie (@traderstewie) April 3, 2015 in wake of today’s jobs report, who should be more ashamed: all the forecasters who missed by a mile, or anybody who listened to them? #WSJ — Jason Zweig (@jasonzweigwsj)
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Michael Covel has written an easy to read and understand book entitled “Trend Commandments: Trading for Exceptional Returns” FT Press, that condenses and explains the principles of successful trend followers. This book is based on the author’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Paul Tudor Jones, the
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I am flat coming into today. No positions. — Steve Burns (@SJosephBurns) March 25, 2015 Monday and Tuesday warned me to exit my long positions with a failure to make higher highs and then Tuesday with a close below the previous days low of day. I went to cash on Tuesday. The bears put
10 Facts about the $SPY Chart 3/29/15 Read More »