#1 Trader Know Thyself The first step in a trader’s journey is to do some self reflection and learn their strengths and weaknesses—both internal and external. Do you love the action of day trading or would you prefer holding positions for long period of times letting a trade play out? You must pick a style […]
A Trader’s Journey: 7 Stepping Stones Read More »
This morning one of the best short play stocks of the year gapped up on earnings and provided a new opportunity for beat up longs to get out with their shirts and bears a chance to get short at a much better entry price. I took the entry and went
The World’s Ugliest Daily Candlestick Read More »
Who is Dan Zanger? Dan Zanger is the modern day version of the legender trader Nicolas Darvas. His mother Elaine loved the stock market and Dan would often watch the business channel with her. One day in 1978 Dan saw a stock explode across the ticker tape at the bottom of the screen hitting $1.
Who Holds The World Record For Stock Trading Returns? This Guy… Read More »
Apple appears to currently be at a crossroads after today. The Foxconn riot and the 5 million iPhone 5 ‘s sold did not inspire more longs to come in. The stock grew more volatile and could not find its way. The 5 day ema which acts as support in the
The $AAPL Chart Action & Where I Want to go Long Again. Read More »
I am long Apple and Google going into Monday morning via in the money weekly options. I will not be one of those people fighting this tape. We are in an up trend, this is a bull market. Prices are going up not down, yes we could reverse, but we
My Thoughts, My Charts, My Picks Read More »
Many traders have not done their homework in understanding how the greatest stocks in history acted. How they created products that changed the world and both earnings expectations and real earnings drove these stocks up to dizzying levels. Traders that have not done the homework think these stocks are short plays and just can’t
Recipe For a Monster Stock Read More »
Just like in football, trader’s must play great offense and defense in trading to be successful in the long run. In trading we must be able to do two things: manage our winners and manage our losers. If we can’t play both good offense and defense then we will not win over the long
Why Trading is Like Football Read More »
Apple is a strange animal. We have one of the world’s biggest market cap stocks at a value stock price with growth stock earnings. Apple itself is asymmetric, with all the naysayers continuing to believe that it is too big to grow and that it must stumble eventually we are sitting with a
My Thoughts on 3 Charts Read More »
“Bear markets have no supports and bull markets have no resistance.” -William Eng Two big mistakes new traders make is to short a monster stock at all time highs believing it has to go down or going long a stock in a death spiral because it just can’t go any
A Tale of Two Types of Stocks. Rockets & Anvils Read More »
“I think it was a long step forward in my trading education when I realized at last that when old Mr Partridge kept on telling other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the
Win Half the Battle in One Step Read More »