201604.19
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IWM Forecast 4/19/16

IWM is the exchange traded fund that tracks the Russell 2000 index. (NYSE:IWM) This index acts as a proxy for the smaller business in the US that don’t have the big international cash flows that many of the corporations in the SPY have. We are seeing all the signs of a deep cyclical top in…

201604.19
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SPY Forecast 4/19/16

The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. We are in an area where a sustainable top can form, but the action is extremely slow and the top will likely be as well. We will on the sidelines for this index until that bullish energy can dissipate and the…

How To Develop And Test A Trading Strategy
201604.17
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How To Develop And Test A Trading Strategy

Many investors believe that the markets are a dangerous and scary place… A dark jungle, filled with risks and dangers around every corner… They can point to experiences where they invested and lost a LOT more money than they ever thought was possible when they initially entered the position…

A Fascinating 1981 Documentary On Pit Traders
201604.14
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A Fascinating 1981 Documentary On Pit Traders

I ran across this YouTube video from an old news series on “being a commodities trader”…. What a lot of fun to see the open outcry pits in action and to see how they portray the “crazy gamblers” they interviewed. How things have changed… From a dirty, smelly, loud analog human interactive experience, we now…

The 6 Stages Of A Trader’s Development
201604.13
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The 6 Stages Of A Trader’s Development

As I work with traders at every stage of their development over the years, a clear pattern began to emerge… There are 6 basic stages a trader passes though as they go from total beginner to market master… See if you can recognize the stages you have experienced in your path to this point, and…

The One Reason Why Most Forex Traders End Up Losing Money
201604.13
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The One Reason Why Most Forex Traders End Up Losing Money

The Forex market was the darling of the scammy marketers for a while after it went mainstream… I think this brought a lot of wanna-be’s to the market with the false belief that this was a no-work pathway to instant riches… There is of course the opportunity to generate unlimited wealth as a Forex trader,…