How to deal with a breakout fake-out
One of the more frustrating things that happens to traders is when a perceived ‘breakout’ quickly reverses back in the other direction, leaving the trader holding the proverbial bag. In this video I show you way of dealing with this issue.
Why Trading Is So Hard Part 1
Understanding and more importantly embracing the randomness of markets is a key factor to success as a trader. THIS IS IMPORTANT!
Weekly Charts!
Many traders are accustomed to using daily charts as part of their analysis. However, using weekly charts brings about a whole new dimension for much needed perspective.
Here’s The Thing About Gold…
While gold as an asset class over the longer term has certainly withstood the test of time, its nearer term gyrations are often tremendously frustrating to traders trying to play. In this video I share two key aspects of gold that must be respected as well as a price level to watch…
This Stock for This Week
Money never sleeps. One trade I am looking at this week is in a sector that has been lagging the past few months. It’s a major stock in this sector. Oh, and today I am also giving away three Profit Pro Income System 1-Year Subscriptions.
My Favorite Book on Trading
My favorite book on trading is not about charts or any other type of analysis. The book is about the mental aspect of trading: ‘Trading in the Zone’ by Mark Douglas.
Be Prepared
One of my trading mentors used to remind me daily to always ‘be prepared’ for any market outcome and to ‘see both sides.’ That means always having a backup plan in case your market view does not pan out the way you expected it to.
This Major Stock is a Warning Sign
While no single stock can alone forecast a broader stock market move or rally, shares of Starbucks can be a a good tell tale. Currently SBUX stock is flashing some concerning signals.
Lower Highs Ahead for Stocks?
According to market chatter, in our view too many people see this recent ‘correction’ in stocks as just a garden variety one that will be no different to the likes of what we have seen in recent years. In our view volatility is here to stay for a while given an amalgamation of what interest […]
Get Comfortable with being Uncomfortable
Any worthwhile endeavour in life requires going through a period of getting comfortable with being uncomfortable. Trading and investing is no exception to this, particularly not when markets get more volatile.