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Trading secret for those unwilling to understand that they can not predict the future
Traders know less about the future than they think they do. And if the trader knows she does not know, she thinks someone else does. It’s why you hang onto every word of woefully inaccurate CNBC pundits. It’s why you love and hate Cramer. It’s why you follow 3654 members…
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Pattern Recognition: What Traders Get Wrong Wrong Wrong
Pattern recognition is the key to becoming a successful chartist. Through practice and experience the best chartists have seen the same pattern thousands of times. It is all about noticing, but what is it that the chartist must notice? Please retweet if you liked this article! http://platform.twitter.com/widgets/tweet_button.baa54ded21a982344c4ced326592f3de.en.html#dnt=false&id=twitter-widget-1&lang=en&original_referer=http%3A%2F%2Fwww.themarketspeculator.blogspot.com%2F&size=m&text=Great%20Post%3A%20HowPattern%20Recogntion&time=1455633396912&type=share&url=http://themarketspeculator.blogspot.com/2016/02/pattern-recogntion-what-traders-get.html&via=PaulJSingh Notice the patterns that…
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51 Essential Swing Trading Posts From 2015
This has been an incredible year for both me and this blog. Personally, I hit a major level in my trading accounts, moved my family to San Diego, mentored 14 new students, continued to run the part-time swing trading program over at my former student’s industry leading website and started…
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9 Steps to Making Your 2016 Trading Goals Stick
The new year is always a good time to hit the reset button and create new trading goals for the coming year. Most traders set fantastic goals, but few actually achieve them. In fact, after a month or two, most don’t even think about their 2016 goals because most have already…
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5 Steps That Will Save Time and Create the Perfect Swing Trading Watchlist
Every trader knows time is money Beginning swing traders make trading way too complicated. The beauty of swing trading is that once you know what you are doing, it does not take much time to trade like a pro. This is why swing trading is great for part-time trading. If…
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How to Embrace Your Fear in Trading: The Trading Intelligentsia Has it Wrong
Most trader’s and coaches think of emotion as if it is trading kryptonite. The worst of these emotions is thought to be fear. If you Google “fear” and “trading” you will see a host of “how to overcome fear in trading” articles. No disrespect to those authors, but they are…
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Chart of the Day: PANW and Relative Strength During Market Selloffs
Today’s chart of the day is PANW, which gapped and broke out over it’s 50 dma yesterday, and is holding that level this morning. This makes PANW a relative strength stock. During market selloffs, it pays to keep a list of relative strength stocks that have the potential to beat…
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Chart of the Day: Facebook and the Round Number Breakout
Today’s chart of the day is Facebook, which despite a tepid earnings reaction this quarter is showing strong relative strength versus the market and looks to make a run to $100. Keep an eye on this $100 level, which also is near the all-time high breakout level. Entry can be…
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Chart of the day: PYPL
Today’s chart of the day is a recent IPO that almost all of us use for online purchases, Paypal. PYPL has formed a few key levels that we can now trade off. First are the IPO lows and highs, which form an 8 point range between $34 and $42. Watch…
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Chart of the day: CALA
CALA is a biotech stock that has shown some buying interest while in the midst of a down trend. The recent volume surge has the stock over it’s 50 dma, which could start a remount and give it the momentum it needs to make a short term run. This is a…
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Stock Chart of the Day: IBB
Biotech ETF IBB has been on a spectacular run since the market selloff, but now the chart is telling us that it looks ready to rest. Intraday today a negative candle pattern is forming at overbought conditions. If this pattern can hold going into the close, we could see a…
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Chart of the day: ANFI
Yet another earnings season is upon us and we have our first earnings breakout setup. ANFI broke out from a down trend and remounted the 50 day moving average on huge relative volume. I will look to enter on a slight pullback. Subscribe to The Market Speculator by Email and never miss…
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Chart of the day: AMAZON and the new high breakout
Amazon is setting up as a new high breakout entry. The stock is currently above it’s earnings breakout level, which sets it up in a “new box” above the $415-445 range. A close here could set it up for a run to $500. Please retweet if you liked this article! Tweet…
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Chart of the day: GOOGL and the moving average remount
$GOOGL cracked $600 in early 2014 and quickly pulled back. Since that time the stock has been consolidating and actually broke below the 50 dma. After a few failed attempts at remount, the stock has gapped up over the 50 dma today. If this level holds we could see a…
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Chart of the Day: How to Trade VIX
At the first sign of a market sell off or correction, my eyes leave my well developed focus list and turn to the CBOE Volatility Index, otherwise known as VIX. During market selloffs, it is crucial that you learn how to trade VIX. Why do I love trading the VIX…
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How’s Microsoft Doing?
My friend asked me how Microsoft is doing at a dinner party. This is how our real conversation went last night:Please retweet if you liked this article! Tweet Friend: How is Microsoft doing?Me: I don’t know.Friend: Don’t you trade stocks?Me: Yes.Friend: Then how do you not know how Microsoft is doing?Me:…
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The Trader I Strive To Be
Focus on your trading strengths We are almost at the half way point of the trading year. As usual I am ready to review my trades and goals. A cursory scan leaves me with the feeling that I have done a good job, but as always have plenty of room…
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Why are you trading low quality stocks and setups!
Only Trade High Quality Stock Setups The most critical decision a trader makes on a daily basis is selecting a stock to trade. Yeah, I know I have said that stock picking is only 33 percent of trading, while the other 66 percent is risk and trade management. That is…
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Chart of the day: Guidance Software
Today’s stock chart of the day Guidance Software Inc. (GUID). GUID is from the hot cyber security sector and is beating the sector ETF HACK by a wide margin. Strong money flow, price action and a recent breakout make this a stock to watch. It broke out from a minor pullback and…
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It’s scary buying the dip and what ever happened to the Zune
Fear and greed control every stock that ever existed. Even the greatest stocks of all time have had mini-scares that now seem ridiculous. Apple bears, remember when you said Microsoft Zune would spell Apple doom? Blockbuster online was supposed to kill Netflix. The courts and anti-privacy legislation was supposed to…