Secret to becoming a winning trader is to make it okay to lose.

Winning is great, sure, but if you are
really going to be a successful trader,
the secret is learning how to lose.
Nobody goes undefeated all the time.
If you can pick up after a crushing
defeat, and go on to win again, you
are going to be successful.

As you consider your own goals, also consider what you are willing to sacrifice for what you expect to receive.

In the arts, medicine, science, or business. Nothing worthwhile ever comes easily. As you consider your own goals, also consider what you are willing to sacrifice for what you expect to receive. You should be prepared to give generously of your time and talents long before expecting a return on your investment. Many “overnight successes” worked in obscurity for many years before they finally achieved their goals.

Opportunity comes often. It knocks as often as you have a trained ear to hear it, an eye trained to see it, a hand trained to grasp it, and a head trained to use it. - Warren Buffet

                     The information contained herein is for educational purposes only.

Today, it looked like low-volume, end of quarter window dressing.

Today we had an upside reversal on good volume.

Today we had an upside reversal on good volume in Nasdaq and Russell. Dow and S&P closed a bit lower with small losses. What is worth noting is that in spite of all doom and gloom around us we had not set a lower low. 200dma is holding for now and the bulls are hoping it won't break. The market likes to surprise and a new trend often emerges when the majority least expect it, so it is worth staying alert and watchful for clues left by leading stocks and major indices.

Watching for clues.

Nice momentum than pullback and sideways consolidation. Today we got a break-out on high volume.

Notice!

IBD reported that follow-through days in June have had a poor record of success. According to IBD, in the past 10 years, June has delivered four follow-through days — 2001, 2006 and two in 2010. Every one of them failed. On May 31, the NASDAQ Composite flashed a follow-through day, but that too failed.

If you decide to trade now, keep positions small and stops tight until we get confirmation that the market has indeed bottomed.

I was looking for a positive follow-through day and this was it.

Today we had a gap higher at the open and went back up to prior swing highs and broke and closed above them. We settled out at the 20 day moving average and the consistent series of lower highs have finally been broken. In sum this is indicative of noteworthy shift in the balance of power. Weather that shift in power is going to stick will be tested tomorrow afternoon with the Fed announcement.

Who are the major holders of U.S. equities?

Two nice looking charts!

Waiting patiently and ready for a turnaround!

Reminder: The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

Hanging around 200 dma.

It could rally from oversold levels, but waiting for stocks to set up proper low risk buy points is prudent thing to do. Patience.

Look at a new ipo.

 LNKD traded over 120 four weeks ago. This is why it's good to wait, rather than act on the hype, for the proper base to form before taking a position.

What to expect in the week ahead of us.

The week after a triple witching week almost always sucks.  Since the first quarter of 2000, only 13 of 40 weeks after a triple witching week were positive, none of these were after a June triple witching week however.
The June stats are really bad.
The week after a June Triple Witching Week has been negative for the Dow Jones Industrials 19 out of the last 19 years.
June is ranked as only the 10th best month for the S&P 500 historically and the 11th best for the Dow.

Personal optimization.

Trust is the very basis of the human social contract.
It's what keeps human beings working smoothly together.
It's what enables us to open our hearts to each other.

I hope you benefit from the training, and pass that benefit forward.

http://www.robbinsmadanestraining.com/freetraining/webinar/video2.php

S&P-500 Now.

Getting close to March lows and possible support area around 1250 level. Possible turnaround this week. As always, wait for the market to confirm your judgement before you act.

Rolling over into correction mode.

You can tell the weakness of a market by the way it rallies not by the way it declines. 

Staying in cash and out of the market is a strategy.

The one technique that most traders fail to learn and use is that no trade is often the best trade. When it comes to the market, there will always be another opportunity, so a lost opportunity is not nearly as damaging as a loss in capital from overtrading. You don't have to have a trade on all the time.

                       

Change.

It is not the strongest of the species that survive, nor the most intelligent, but the ones most responsive to change. 

-Charles Darwin

Charles Darwin

Remember!

          This, too, shall pass.

Remember!

Staying in cash and out of the market IS a strategy. 
You do not have to trade!

Personal Optimization.

Find out what you love to do, what you are good at, and then find ways to get paid for it.


Check this document, Managing Oneself.


http://robbinsmadanestraining.com/Documents/managingoneself-1.pdf  

Awareness.

Awareness. Prerequisite for successful trading.

follow up, ung,

Good volume on break-out, now we need confirmation and continuation of the move.

Thoughts About A Proven Strategy, Long Only Strategy.

While staying out of bear markets is a good strategy, one should still keep their eye on the markets by running screens and keeping a watch list of stocks that may be bucking the downtrend in the general market. I maintain such a list then when the risk model switches back to a buy signal, I have stocks that are issuing buy points which can then be bought. These are often the stocks that well outperform the major averages during the next uptrend

The next bull market's big leaders and hence best investment opportunities show their first positive characteristics during a market correction or outright bear market. As the market goes through its paces, declining as much as 15-20% or more during a bear phase, future leading stocks are often building sound price/volume bases at the same time they are steadily showing improving fundamentals, such as improving and/or accelerating earnings and sales growth, improving profitability, and an increasing institutional following. Pivot buy points, favorable price/volume characteristics, are often early clues of potential future strength in potential leaders.

What is your market personality ?

It's critical for traders to understand that when they take a position in a particular market, they are actually trading the "personality" of that market and not just the market itself. Each market is made up of individual traders and systems that trade in a particular way. This is why some markets are better for momentum trading, while others are better for fading, and while still others are best to avoid at specific times of day due to all the arbitrage.

Before trying to master the market, be sure you are the master of yourself.

No matter what happens to you, you must be completely accountable for your results. That’s the only way you can learn from the markets.

follow up, cgw

Looks like it found support here, notice volume.

follow up, ung

Breaking through the trendline on good volume.

Sell orders are coming in and we are back in the range.

This is very frustrating market, and in periods like this many traders give up on market and than the market makes a big move. In trading many times the best action is no action. Patience and discipline required here.