Posts Tagged by trading lessons

Traders: Top Ten Reasons For Loss of Discipline

The following was part of an email that was sent to me.  I found the 10 points to be solid and resonated when I look back at the tough times I have gone through (and go through) as a trader.  I do not know the author of these points, so if any of you know…

A Two-Bar Pattern that Points to Trade Setups

A Two-Bar Pattern that Points to Trade Setups [Originally published] February 15, 2012 By Elliott Wave International Some people like to get outside on the weekends, maybe playing tennis or working in the yard. Some people like to visit their friends or cook a big meal or go out to see a movie. And some people…

The Three Phases of a Trader’s Education

The Three Phases of a Trader’s Education Learn Jeffrey Kennedy’s tips for becoming a consistently successful trader  March 12, 2012 By Elliott Wave International You’ve probably heard talk about “market uncertainty” in the financial news recently. But when are the market trends ever certain? The constant uncertainties contribute to your frustrations as a trader, and you need…

In Trading, Plan to the End

In Trading, Plan to the End Follow your personal plan to the end… 1863.  Prussian premier Otto von Bismarck, feeling under the thumb of the dominant Austrians in the German Federation hatches a plan for no longer being the servant boy of Austria.  His plans start by attacking weak Denmark to take back former Prussian lands…

Timing in Trading – It can be everything

Timing – It Can Be Everything During the 1780′s Joseph Fouche traveled from town to town teaching mathematics, but he knew it was not his calling.  He needed some event to make his mark on the world – and that event came in 1789 when the French Revolution broke out.  He befriended revolutionary Robespierre and proceeded…

Use the “mirror effect” in unpredictable markets

Use the “Mirror Effect” in Unpredictable Markets In war and conflict, as in the markets, the moves of our counterparties are often unpredictable.  This unpredictability can be our downfall, or it can be the element by which we lead ourselves to victory. In Greek mythology, Medusa was a hideous thing with serpents for hair, heinous teeth and a long…

History Teaches Us to Trade Patiently

History Teaches Us to Trade Patiently Patience – Rushing Will be Your Demise… 17th century Ming painter Chou Young had an experience which changed his behavior forever.  Coming across a river on a ferry, he had important books and papers to deliver to a city about a mile from the river bank.  Night was approaching,…

S&P 500 – Outlook for Stock Market, Week of March 1 – 5

The following is the outlook for the S&P 500 heading into next week, March 1-5. The way the market is right now is what I talk about in this weeks newsletter (sign up along the right hand side…it’s free).  Movements have been somewhat erratic, unless a trader is very skilled they can easily get whipsawed…

Stock Market (S&P 500) Outlook – Feb 22-26

Strong shortened trading week we saw, as the S&P 500 managed to break above the 1104 level and closed out the week above it at  about 1109.   1104 was the price point I mentioned in previous posts as being a pivotal point for the market.  Exceeding that point puts the market in a “no man’s…

Stock Market (S&P) Outlook – Feb 16-19

Holiday on Monday, so we are looking at a shortened trading week coming up. Let’s get right into the levels to watch…after all I am writing this on Valentine’s day.  We are looking at the S&P 500. Near resistance  is at 1080.  Beyond this there are intersecting lines at 1100 (trend and speed), with recent…

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