While all the Apple bulls where having a celebration party on the move back to $610 today I could not help but wonder if they rode this stock from $644 to $555 and were just celebrating getting back to where they could have gotten out at weeks ago. My […]
Saving your Emotional Capital $AAPL Earnings Read More »
Here is a video tale of what the Apple bulls went through this year while just simply buying and holding Apple. This video shows the strong move up in the 1st quarter, the sell off before earnings, and finally the earnings announcement. http://youtu.be/6tCtM8UEQv8
A video tale of the $AAPL bulls journey this year Read More »
In trading activity alone does not make money, the right activity at the right time is what makes money. Many times the right thing, is to do nothing. In your actual trading you have to do four things very well to make money. You have to know when to get
To Trade or Not to Trade: The Most Important Question Read More »
Well here we go, Apple earnings on Tuesday. How am I going to play it? From the sidelines. Why? Because for me the money is in the run up to earnings due to earnings expectations which ended abruptly last week. I do not hold through earnings, for me it is
Apple Earnings: Gambling? Read More »
This year my best three long term trades have been trading long at all time highs and selling short at all time lows. I was the ‘crazy’ guy that traded Apple only long from $390 to $630 never shorting it and only stepping out during draw downs below short term
Trading on the Fringes:ALL time highs & lows Read More »
Not Managing Your Risk in Trading is like…… a fisherman putting all his bait on one hook and casting it out. an NBA star betting his career on on 3 point shot from half court. an NFL quarterback betting his pro contact on one 40 yard pass. a pro golfer on tour betting his
Not Managing Your Risk in Trading is like…… Read More »
Price tops are strange things, they tend to happen when the maximum bullishness is in place and the company underlying the stock is as profitable as ever. What gives? Well many things cause tops, whether they are short term or long term. Here are some examples. Profit taking sets
What Causes a Price Top? Read More »
The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade.
The Perfect Trader Read More »
What a great day in the markets for traders and investors that were long. The Dow Jones Industrial Average tacks on almost 200 points and gets back over 13,000 with a hundred points to spare. Monsters stocks springing back to life all over the place. You know the ones where
Four Big Fat Short Plays Read More »
My trading consists of trading existing trends wherever they are. There is nothing I like better than to find a stock or ETF breaking out to all time highs or breaking down to all time lows after being range bound. I also like to buy off key supports in longer term trends like the
The Anatomy of a Trend: 10 Guidelines Read More »
With the market in correction and with many of my favorite monster stocks like Apple and Price Line stopping me out a week ago after losing their 5 day ema and then after I was out even falling back to their 20 day simple moving averages. I had
10 Reasons Why I am still short Groupon Read More »
The forward written by Jeff Pierce for my new book “Show Me Your Options!” Steve Burns and I met by chance, however it was inevitable that we would bump into each other given our similar trading styles and how active we are on Twitter in our niche. I was looking for someone to contribute
Stock Options: Where Do You Start? Read More »
On Friday the 13th our heightened sense of awareness probably labels many things as unlucky when the odds are they are normal things but we notice them more today than ever on this ‘unlucky’ day. The same thing happens in trading when we get purely lucky and think we are
What is Luck & What is Skill in Trading? Read More »
I have been trading successfully for thirteen years, I have studied trading intensely for seven years. I have read and reviewed hundreds of trading books on Amazon.com. and I have also used most trading styles along with option strategies. I even had three books published on trading. What have I
My Top 10 Trading Influences Read More »
In trading the money is not in opinions it is in following the actual price action and going where it takes you. The long term money is not in the big bets it is in controlling your risk so you can keep some profits. The money is not in being
I Will Show You the Money $$ Read More »
People lose money shorting stocks because they do it wrong. Easy money is made in bull markets by being long monster stocks not trying to bet when they will stop going up. This kind of shorting does not put the odds in your favor, shorting is not even worth the
Five Great Short Plays Read More »
Just like members of the US Army Special Forces stand out as being special for their green berets, stocks that have green prices on days when the majority of the market is in correction are very special also. These are ones to add to watch lists, study charts, look at
The Green Berets of Stocks Read More »
Just about every new trader who launches into trading before doing the proper homework ends up ‘blowing up their account’ which is generally considered suffering a 50% or greater draw down from their original equity starting point. Some of the signs of being in danger is just trading your opinion
Trading: The Art of the COMEBACK Read More »
In trading focus is crucial. You have to know who you are as a trader and exactly what your method and trading plan is, and you must follow it. In trading discipline makes money, focus makes money, monster stocks make money, while risk management allows you to keep the money
Picky Traders are Good Traders Read More »
Most new traders generally go looking for the holy grail of trading. That system that just prints money, they believe it exists and will look relentlessly for it. However there is no holy grail of trading. The closest thing a trader can get to a holy grail in trading is a robust mechanical trend following