Back To The Trading Basics Of Market Psychology One of the many facets of trading important to your long-term success is understanding market psychology. When it comes to trading basics, understanding market psychology is among the hardest concepts because money makes people stupid (including yourself/myself) and stupid people do irrational things. The market, all the […]
The Bottom, It May Be In Over the last few weeks I’ve been reviewing the basics of trading. Basics like support and resistance, trading with volatility, getting the big picture with multiple time frame analysis, understanding the difference between a target and a signal, and how to tell when the market has bottomed. In today’s […]
Wow, That Was A Big Number The Non-Farm Payrolls report was expected to be bad but man, that was a big number. The 701,000 jobs lost in March was well above the analysts expectations and the ADP report showing just how bad the coronavirus impact is. The difference between the ADP report and the NFP […]
Volatility Can Cut Both Ways Volatility. It’s a word I’ve been hearing a lot lately because it is here, its in the market, and its going to stay. Trying to pin down what exactly volatility means can be little tricky though because it can be applied to the market in a couple of ways. Bottom […]
Get Perspective With Multiple Time Frame Analysis When the market is moving fast and volatility is high, or even just at times when it is moving against you, it pays to get a new perspective. It is all too easy to get caught up in a chart, focusing on what is happening right now, and […]
It took me quite a while to understand the difference between a target and a signal. Things like moving averages, Fibonacci Retracements, and support & resistance lines are targets. Head & Shoulders, Rising Three Methods, and Bullish Crossovers are signals. To be an effective trading, you have to understand the difference and be able to […]
What Is A Market Bottom And How Do You Know When One Forms With the equities markets in near-freefall and economic doom on the doorsteps of countries around the world traders are right to wonder if there will ever be a bottom. I am here to tell you that yes, there will be a bottom, […]
There Are Targets And Then There Are Signals With volatility hitting new highs (I refer to the VIX) and markets around the globe swinging like saloon doors the environment for wind-fall quality profits is better than it’s been for a long-time. The problem with this environment, and it’s a problem we all face, is that […]
Getting Back To The Basics Of Trading The key to successful trading is consistency. You have to consistently execute your trading plan, taking care to follow strict entry rules, in order to gain an edge over the market. This edge should, hopefully, allow you to profit more often then you lose and to win bigger […]
A Secondary Reaction Bitcoin took a surprise tumble this past weekend. Down as much as 16% over the past three days the world’s leading cryptocurrency is now trading at levels not seen since early January. While scary, this move will likely not last long and here is the reason why. Members of a defunct ponzi […]