0Posted by Michael Glass on November 5, 2011 at 12:04 pm
Weekend Stock Market
Technical Analysis
Trading Plan
Here is our Weekend Stock Market Technical Analysis Trading Plan for Saturday, November 5th. In each video update, we attempt to identify high probability trading setups for the next week. We also look at the key market moving events of the past week including the Greece’s threat to opt out of the Eurozone’s bailout. We then pull up the charts to identify key technical analysis price levels for the S&P 500. We then look to see if some of the market leaders are pulling the market higher or lower (Apple, Amazon, Google, Goldman Sachs, Netflix and Priceline). We also try gain insight to the market’s future direction by looking at the charts for The Dollar, Gold and Crude Oil. Finally, in our education spotlight, we continue to look at what separates winning and losing traders. Today we look at the importance of developing a process for filtering your trades and using dual timeframe agreement for confirmation.
0Posted by Michael Glass on August 6, 2011 at 4:22 pm
Weekend Stock Market
Technical Analysis
Trading Plan
Here is our Weekend Stock Market Technical Analysis Trading Plan for Saturday, August 6th. In each video update , we attempt to identify high probability trading setups for the next week. We also look at the key market moving events of the past week including recently signed US Debt Ceiling deal and renewed debt concerns for Spain and Italy. We then pull up the charts to identify key technical analysis price levels for the S&P 500. We then look to see if some of the market leaders are pulling the market higher or lower (Apple, Amazon, Google, Goldman Sachs, Netflix and Priceline). We also try gain insight to the market’s future direction by looking at the charts for The Dollar, Gold and Crude Oil. Finally, in our education spotlight, we begin our book study using the book The Intelligent Investor by Benjamin Graham. Today we talk about what is NOT required to be an Intelligent Investor.
0Posted by Michael Glass on July 16, 2011 at 3:45 pm
Weekend Stock Market
Technical Analysis
Trading Plan
Here is our Weekend Stock Market Technical Analysis Video Update for Saturday, July 16th. In each video update , we attempt to identify high probability trading setups for the next week. We also look at the key market moving events of the past week including Moody downgrade of Ireland’s Debt and the Fed’s response to last week’s bad job numbers. We then pull up the charts to identify key technical analysis price levels for the S&P 500. We then look to see if some of the market leaders are pulling the market higher or lower (Apple, Amazon, Google, Goldman Sachs, Netflix and Priceline). We also try gain insight to the market’s future direction by looking at the charts for The Dollar, Gold and Crude Oil. Finally, in our education spotlight, we continue to look at what separates winning and losing traders. Today we look at the importance of understanding the playing field.
0Posted by Michael Glass on July 9, 2011 at 12:31 pm
Developing a Trader’s Mindset
Interview Series
Part 2 – Emini Junkie
I am often approached by new traders looking for advice on how to change their trading results. My response is usually about the fact that trading alone is pretty easy. The hard part to trading is developing a trader’s mindset. It is often said that over 80% of all day traders fail.Anyone can go out on google or visit a local Barnes & Nobles and find a book or website on the latest technical indicator or trading system. However, what separates those traders who can go out consistently and make a profit in the stock market and those who are losing everyday is the ability to not only recognize opportunities in the stock market, but to be in full control of your emotions and make proper decisions about what they perceive may happen.
New traders are using in search for the Holy Grail. They are looking for the magic bullet that will instantly change their trading results over night. In the book, Trade Your Way to Financial Freedom, Dr. Van Tharp described the Legend of the Holy Grail as the ability of a trader to manage the internal struggle between profits and losses. Not an indicator, not a guru, not a trading room, but the ability to control your emotions on your wins and your losers.
Developing a Trader’s Mindset is the key for both new and seasoned traders to become profitable. A Trading Mindset helps you to not only recognize candlestick chart patterns as they develop, but it also helps have the discipline to wait for the pattern to confirm. It helps you to trust your proven trading system because you have backtested the setups. You know that you can have a positive expectancy about your trading results. So, I decided to go out an interview some of the traders who have impacted my trading results and share them with you all.
Our second installment in our Developing a Trader’s Mindset Interview Series brings us to Emini Junkie. His goal is to help individuals build wealth through an online trading education and mentorship program focused on the S&P Emini Futures, Gold Futures and Options Trading. I chose to interview Matt because of his great Trading Plan and Trading Room. Much of what I believe about Market Internals, especially $TICK, comes from what he has taught. I was humbled that he graciously agreed to be interviewed and think you are going to love what he shares.
0Posted by Michael Glass on June 25, 2011 at 1:53 pm
Weekend Stock Market
Technical Analysis
Wrap Up
Here is our Weekend Stock Market Technical Analysis Video Update for Saturday, June 25th. In each video update , we attempt to identify high probability trading setups for the next week. We also look at the key market moving events of the past week including the Greece Debt Crisis, IEA strategic petroleum release, FOMC policy announcement and Friday’s GDP #’s. We then pull up the charts to identify key technical analysis price levels for the S&P 500. We then look to see if some of the market leaders are pulling the market higher or lower (Apple, Amazon, Google, Goldman Sachs, Priceline and Netflix). Finally, in our education spotlight, we continue to look at what separates winning and losing traders. Today we look at how consistent and profitable traders prepare for the next trading day.
