What do I think will happen with Apple’s stock price after earnings? The current technical price action of the down sloping 50 day and 200 day moving averages and the huge distribution this stock has been under will be colliding with the incredible fundamentals and questions of sustainable growth. What is a trader to do? […]
Five Ways To Play Apple Earnings With Weekly Options Read More »
If you are feeling down about your trading losses, then this article may put both of these losses into perspective. These losses show how crucial it is to have a price level that will indicate that you were wrong and will need to stop out at. There is no reason to ever take a huge
Twelve of The Biggest Trading Losses in History Read More »
There are things that we do as traders that set us back in our journey to success and lose us money. There are other things that traders do that just destroy themselves. Many of the following things are done daily by the 90% of traders that lose money in the market consistently. If we
Five Things Traders Do to Destroy Themselves Read More »
I prefer above all else to simply enter a position with a break out of a price consolidation to a new high. Preferably a hot growth stock with a new revolutionary product or service. But I will also trade anything that breaks out of a base into a trend,like gold, silver, oil, sector
This Is How I Trade Read More »
Here are seven lessons from Jesse Livermore who is considered by many as one of the greatest traders who ever lived. Lesson Number One: Cut your losses quickly. As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. Risk management should
The Wisdom of Jesse Livermore Read More »
What were the greatest trades of all time? Who made them? Here is a list of the who, what, when, where, and how of the greatest trades that were ever made. While the risk management while executing many of these trades is not what many traders would want, we can see many of these as
The Top Ten Trades of All Time Read More »
Two of the biggest obstacles in trading are managing risk and developing a winning method. However, even if you control your risk on every trade and have a methodology that is a winner, you can still be tripped up by your own mind. Even when effectively managing risk, you will probably lose 10%
The 10 Keys to Winning Mentally Read More »
I believe the key to this market will be in how the SPY trades from here as a proxy for the market. The SPY is currently range bound after the gap up day. While the DIA and QQQ ETFs have both undercut the lows of the gap up day while the SPY has not. A
My Thoughts about the Market Action Read More »
Do you use moving averages in your trading? If not you are missing out on a very simple tool for finding support and resistance levels along with possible trend identification. It is very interesting to lay a 50 day and 200 day simple moving averages on to a chart for the past year. You will
10 Things Traders Need to Know about Moving Averages. Read More »
I did this interview back in June of 2012. U.S. Investing Champion Mark Minervini who was featured in Jack Schwager’s book Stock Market Wizards was generous enough to grant me this interview. Let’s listen and learn from the man who has returned consistent triple digit returns in the
My Interview with an Official Market Wizard Read More »