Posted on June 23, 2009 by Ryan
This article comes to you courtesy of Pimp My Trade reader Ryan Van Etten - trader, community member, and bookmarking extraordinaire. Follow these tips and your trading will be pimp in no time. I’ve personally tried them out and I have since incorporated them into my daily stock scanning routine, helping me to save precious [...]
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Posted on June 10, 2009 by Adam
Let me start off by saying that I’m no computer hacker. I wish I could tell you how to hack into the Nasdaq mainframe and pilfer money from each transaction that occurs. I wish. Then again, if that were the case I wouldn’t need to trade, now would I.
What I can teach you are some [...]
Posted on June 2, 2009 by Adam
Although risk management is not the most sexy aspect of trading, it is certainly one of the most important. It is the first thing I think about before placing any trade, and it’s always at the back of my mind when I’m scanning charts.
But why pay attention to a topic that seems dryer than the [...]
Posted on May 21, 2009 by Adam
When trading conditions are tough, you can rely on gold stocks to get you through. The reasons why are fairly simple
To understand why, you need to look at the relationship between gold and equities. The role that gold plays in intermarket dynamics changes over time. It generally moves opposite to the US dollar, as investors [...]
Posted on May 12, 2009 by Adam
If you day trade futures, understanding how market profile works can be valuable knowledge. Even for swing traders, understanding how to read market profile can help you gain a competitive edge.
What is market profile?
A market profile is a convenient relationship between price and volume. A market profile is constructed by looking at all the prices [...]
Posted on May 5, 2009 by Adam
The Yankees/Red Sox game is in a rain delay, leaving me time to write about one of the topics I am most passionate about! For an idea of what I think of the Boston Red Sox, check out this link).
In the aftermath of this “great recession”, as it’s now being called, we are going to [...]
Posted on May 3, 2009 by Adam
Out of all the indicators and oscillators available to swing traders these days, few are as widely accepted and revered as the marvelous MACD. The MACD, which stands for “Moving Average Convergance and Divergance,” is used to guage market posture. This indicator can help you determine whether or not a particular stock is overbought or [...]
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Posted on April 28, 2009 by Adam
I’m always looking for ways to increase my chances of placing winning trades. One way to tip the probabilities in favor is buying assets that are displaying relative strength and selling/shorting those that are displaying relative weakness.
What is relative strength exactly? Relative strength is the tendency of a stock, group of stocks, or asset class [...]
Posted on April 27, 2009 by Adam
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233…
I know what you’re thinking: “Oh great, numbers! Time to click elsewhere….”
Before you do so, I think you should consider that the numbers above will make you money!
The sequence of numbers shown above are part of the famous Fibonacci series. The numbers [...]
Posted on March 22, 2009 by Adam
This is the first post in a series of articles that will uncover some of the proprietary trading systems used by succesful hedge funds across the world.
Some hedge funds adhere to a buy and hold strategy, which works fine in a bull market, when everything is going up. Jim Cramer is a prime example of [...]
Be on the lookout for an extended pullback.