TradingMarkets Top 5 Of The Day
Welcome to TradingMarkets.com Top 5 of the Day!
In this nightly feature, the editors of
TradingMarkets select the 5 best and most insightful (and sometimes humorous)
excerpts from all of the articles and blogs that have been published throughout
the entire day.
Here are today’s selections:
Brett Steenbarger from:
Here are 5 steps to better trading performance
“…What
do traders typically not do to become better performers?
- They do not spend a high ratio of time in
practice/rehearsal relative to actual performance; - They do not have a structured demanding
program of realistic practice/rehearsal; - They do not have a teacher/coach/trainer who
guides practice/rehearsal by creating proper demands for the trader; - They do not have rapid, comprehensive feedback
to guide learning from practice/rehearsal; - They do not have structured preparation for
specific days, including review of the markets, creation of a trading plan,
and active rehearsal of this plan..”
Click here for more…
Rob Hanna from:
Use this strategy to trade big earnings-driven moves
“…Frequently by
watching the action of a stock as it approaches it’s earnings release, you may
get tipped off if that stock is going to surprise to the upside or downside.
It’s especially important to watch for unusual activity the day before the
release. Many times the last 15 minutes or so before the close can be telling if
there is an unusual, high volume move…”
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Mike Kestler from:
In these 6 stocks I see what every daytrader loves
“…CHK
provided a great short this morning. There were many stocks in the energy sector
with similar charts. Since I am most familiar with trading CHK over the last 3
weeks, it was the energy stock I chose. Many of the other energy stocks were
flashing on my scanner, which added to my conviction to stay short for most of
the move…”
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Gary Kaltbaum from :
Ouch!
“…The sea was angry
that day, my friends, like an old man trying to send back soup in a deli.”
Goerge Costanza from Seinfeld. I love that quote. It describes what we are
seeing in the market right now. Let’s backtrack…”
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Deron Wagner from:
Want low-risk entries? Watch for entries in these 4 ETFs
“…If
you are already short, there is no reason to take your profits here, regardless
of how tempting it may be. Instead, simply trail your stops lower using a basic
indicator such as the hourly downtrend lines or the 20-MA on the hourly charts.
If, however, you are not yet positioned on the short side of the market, realize
there is a higher degree of risk to initiate new positions here without waiting
for at least a bounce into short-term resistance or, at the very least, a few
days of sideways consolidation near the lows.…”
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