The SPY trading range is currently at $163.50 resistance with very strong support at $162.50. We have two key support levels below us at the 10 day sma and 50 day sma. We are in an up trending equity market with cheap money flowing in day after day to be put to work. […]
Three Charts with My Thoughts & My Plans Read More »
The following list of books is based on results from 155 people when I asked the poll question: What ten books helped you make the most money trading in the markets? I was curious to see what I had missed in my decades of reading the best books on trading and the stock market. I
Top 25 Money-making Trading Books Read More »
I have some suggestions for traders on social media that comes from my experience of the past three years. These are a few things that may help you really get the most out of your social media presence and interact the best with other traders. Either post your trades in real time or don’t brag
Ten Suggestions For Online Etiquette for Traders Read More »
Trading options without an understanding of how the Greeks function to create option pricing is a dangerous game. An option trader must understand many things. How much will my option go up in relation to the underlying stock’s price movement? How much will my option price decay each day as expiration approaches? At what
The Five Most Important Questions an Option Trader Better Know. Read More »
Many times in an up trend, less is more. My biggest profits were made trading a stock in an up trend for 100-300 points not daily scalping. My best trading is in trends where my decisions are made at the open and close with no requirement to sit in front of a screen all
How To Trade in A Bull Market Read More »
The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade.
The Perfect Trader Read More »
With all the endless opinions about the stock market this weekend, I thought it would be prudent to list some facts at this inflection point. Fact: The market is in an up trend. Fact: We held the gap up all day Friday. Fact: Many stocks are setting up at proper buy points out of
10 Fast Facts About the Current State of the Stock Market $SPY Read More »
Have you ever wondered how there can be so many different styles of traders and they follow their method sometimes with a religious fervor? Many believe that only their way is the right way. A weird thing is that many seem to make money in the long term even though they disagree with each other.
The Real Reason Profitable Traders Make Money Read More »
The market is too high, so I am going to go short. It has to go back down. I don’t need a stop loss because I know I am right. Hmmm…it went higher? That is just crazy! Now it is wayyyy too expensive. I will short more, because it has
A Bad Short Trade (with emoticons) Read More »
Trading books have more meaning after traders have fought both the markets price action and their own emotions. The market is also a great place to expose all the issues we have with our own egos. With the vast amount of trading literature out there on all aspects of trading I thought it would be
Vote for your favorite Ten Trading Books Here>> and see what others are voting on. Read More »