Two things that many new traders and even experienced traders waste their time on is regret and hindsight. They look at charts and see the past so clearly on them, they should have bought here, they should have sold there. Why didn’t they? The charts look so obvious in hindsight. We really should […]

What a wild week for the indexes last week. On Monday SPY rested slightly under the 50 day, then Tuesday $SPY collapsed from the 50 day and found support at the 100 day. Wednesday SPY went over the edge as the fear of a stalemate in Washington D.C. reached its zenith, but the SPY was

In over a dozen years of learning what works and what doesn’t in profitable trading I believe there are many paradoxes. Most of trading is counter intuitive and new traders usually enter the market looking for predictions, sure things, hot tips, and to know what to buy. In reality it is following price action as

  Do not trade unless you have a trading plan. You need to know what you will do before the market opens. Trade a method not individual hunches. One trade outside a trading method means nothing. Stop fighting the trend in your time frame and start following it. Quit trying to predict what will happen

The market is either at the top of its near term range or at the edge of breaking out to a new price range. Crossroads here, here is what I see and will be looking at this week in the markets. I am currently risk off and neutral here as the politicians play ring around