SPY Neutral Stance

Admittedly I’ve been a bear for awhile, but I’m turning more and more neutral for the long term now. indicators are telling me a correction is coming in the short term.Bearish divergence on the macd , RSI is overbought, volume is dropping more and more, inclining wedge . The question is how big of a correction do we see? The one indicator that changed my bearish stance? The Advance/Decline . It’s continuing to rally to higher highs. When the market…

Bitcoin Golden Cross & A Pullback May Follow

As you can see, we rallied up to the weekly 50 MA (in black) and pierced above it. However, BTC has now pulled back below the weekly 50 MA. It will be interesting to see where this candle closes. I am expecting it to close below the black moving average. From there, I am expecting to see price create a head and shoudlers pattern. You can see that we have what looks like half of a head and shoulders pattern…

Trading Software

Trading software comes in many shapes and sizes with many options and prices. Software is offered by both On-line Brokers and Direct Access Brokers who have affiliations with Clearing Houses. On-line Brokers typically use Web based applications which tend to be slower in their executions and are mostly processed through Market Makers. Many of these can be found in the Brokers section. Direct Access Brokers typically provide software that you download and install on your PC. Order execution is typically…

Learn To Trade

The process of trading is not to be taken lightly. Should you decide to venture upon this journey, you must know that you run the risk of losing every friend you have, your sanity, your dignity, all your worldly possessions, and most of all every penny you own. On the other hand, if you learn to trade properly and stick to your strategy, you can make a lot of money. Keep in mind that there is a price to pay.…

Robinhood

Robinhood Web Trader Features and Services Since Robinhood launched its zero-fee stock trading app, not only has the company been able to transact over $100 billion and garner 3 million users but they have saved users over $1 billion in trading fees which is pretty impressive. Introducing Collections, a new feature available on Robinhood for Web. Basically, the feature enables its users to discover the latest stocks. To help traders and investors locate stocks and options they are interested in,…

Pattern Day Trader

Traders who make 3 or more day trades within a 5 day period will be labeled pattern day traders. Traders who are labeled Pattern Day Traders must maintain at least $25,000 in equity in their account on any day that they place a day trade. For anyone who does not already know, a day trade is referred to as any trade that is opened and closed within the same trading day. As a side note here, if a trader opens a…

Get Out Of The Maze & Finding Your Edge

I think the hardest part for new traders is finding their edge. (A trading method that works for them, time and time again) lots of things come it to play that makes it hard. And it is like a maze. Psychology is one. But the flood of other peoples opinions of what you should and should not do, makes if difficult as well. (when you are a new trader, your hungry for knowledge) One person says, you don’t need this…

Trusting My edge so I can trade in the Zone

As I continue to read and listen to Mark Douglas, I am truly coming to understand the importance of trusting my edge. My edge is trusting the obvious, the moving average of close of the charts that I’m trading when I’m in the market. With macd harmony AKA MACD Simple (never trading against the 60 min MACK!) For some people having moving average line on your charts can be very distracting. Hay! I can understand that. It’s not what works…

The Stock Market Is Now in a ‘Pullback.’ What I Should Do

A stock market slide that has already erased more than 3000 points from the Dow Jones Industrial continued Tuesday, with the Dow fall another 460 points at the market close. But the speed at which the market has bounced up and down has left many investors spooked, especially those who have been lulled by a nearly nine-year-old bull market. This is not a bear market yet. Pullbacks and corrections are actually extremely common on Wall Street. Since the end of…

Bull Market Is On Its Last Leg?

Elliott Wave tells us that markets trade in a five-wave pattern consisting of three expansions and two contractions. We bottomed in 2009, and may now be in the final advance. The market may definitely look expensive on the back of historical figures like PE Ratios/ Book Values/Dividend Yield etc. The eight-plus-year equity bull market rally has reached its final leg, according to Morgan Stanley’s 2018 equity outlook cited by Business Insider. From Elliot Wave perspective, it looks like the current…