Trading is more about the trader than the markets. The markets are neutral; they have no agenda and no evil plots to take your money. Each random entry has a 50% chance to win or lose, even with no method attached. The key is getting an edge in your trading. Knowing who you are […]
New Trader, Know Thyself Read More »
Ever have that day when you were 100% sure about a trade. You just could not lose, the stock was a real buy, it had already fallen a great deal and it could not possibly fall any farther. So you waited and then plunged in, you couldn’t lose so why
Why Apple Bulls Got Hurt Read More »
As the U.S. presidential election approaches the market is in “wait and see mode” with key resistance and support levels. While it is possible to trade these ranges for those that have the desire to be active there is always the option of waiting in cash for a trend to
We are Range Bound & Here’s the Range Read More »
Let’s get some perspective here before we believe Apple is going out of business or that the stock is going to $300 or a 6 P/E ratio. The indexes are holding up very well, the $QQQ is at the 200 day support, The $SPY is holding up at $140 like a champ, and
My Key Chart Levels for APPLE Read More »
Since the whole world is waiting on Apple earnings I felt I had no choice but to tell my blog readers how I see it. I have good news and I have bad news, which would you like first? Okay I will give them both to you straight. The bad
$AAPL The Good News & The Bad News Read More »
Trading is a process of learning and relearning key lessons in psychology, risk management, and using a proper method. Trading is like building a wall with the right bricks and when you leave a brick out, the whole wall eventually collapses. Or if you use the wrong quality of bricks even though the wall
Be A Better Trader: 8 Steps Read More »
I believe the imminent death of the Apple up trend has been greatly exaggerated. The hopes that it will crash and trade at an 8 P/E or be worth only 4 times cash on hand is a very low probability event. The extreme bearishness is simply absurd based on fundamentals,
Apple:12 Reasons Why The Fat Lady Hasn’t Sung Yet Read More »
“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other loss is due to your lack of discipline, causing your system
A Trader’s 5 Best Teachers Read More »
“The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” -George Soros While the longer term up trend is in place it is looking wobbly
The Good, the Bad, and the Ugly Charts 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 »