Today the equity marking had some of the nastiest action of 2013. While there has been many signs of bulls horns slowly cracking, today was a real trend changer, and it was fast. $SPY crashed from an attempt to break all time highs to finding support at the 20 day line in one day. […]

                                                                                                                                                                                                                                                                                                      A trading method and system is only a small part of successful trading. The trader is the weakest part of any method. No trading system will work if the trader trades too big and too often because eventually being wrong will be the end of that trading account. A great trading system will

                                                                                                                                                                                                                                                                                                New traders make the mistake of focusing far too much energy and effort into entries. Entries do have to be good to give the trader the potential for a profit. Preferable risking $1 to make $3 and at the point where maybe a trend is starting. However the entry is really not the most

In looking back at my historical trading results my big winning trades that I have banked and held on to were longer term trades. Even with trading weekly options the ones I was able to hold for almost a week or at least roll the profits over throughout the week were where my big returns

 I sold my long positions Thursday as the market started to signal toppiness right on cue at the $SPY 70+ RSI  and I am currently just in cash waiting and watching for what happens next. Lots of cracks in the bull horns forming in equities and we may see some consolidation at these levels and

            Whenever somebody says “we’re in the business of making money,” make sure they also say “we’re in the business of managing risk.” — Michael A. Gayed,CFA (@pensionpartners) November 1, 2013   When it comes to the stock market, apparently money grows on QEes. — Michael A. Gayed,CFA (@pensionpartners) October

                                                                                                                                                                                                                                                                                                     While twitter can easily become a big waste of time on trivial things I admit. It can also be a powerful tool for instant information, learning, and growth. I generally follow between 40 and 50 people on twitter at any one time and I am very picky about who I follow. My tweet

  An entry does not determine profitability it only determines potential profit the exit is where the win or loss occurs, focus on that. A robust trading system means nothing unless you can follow it with discipline and self control. Charts don’t care about any one persons opinions why should you? Good trading will make