Technical Analysis
Another Tool For Your Trading Toolbox
A couple of weeks ago we spoke about the hammer. The hammer is a one day technical pattern producing low risk trades in certain situations. Here’s another basic tool that works well in trading… It’s called the wedge. Many of you know that a wedge is a tool used by humans for many millennia. It […]
Coinstar Gives Us Some Cash…
Just about a month ago, I showed you a way to put some money in your pocket. It was a trading opportunity in Coinstar (CSTR). Some of you collected a nice profit and some of you probably lost money. I’ll tell you what made the difference. Let me briefly recap the trade idea… CSTR was […]
The Bigger Picture Holds Profits!
Sometimes in life it pays to take a step back and look at the big picture. Getting caught up in the day to day ups and downs of life can be stressful. For me, it’s worthwhile to take a step back and look at the bigger picture. This simple practice brings me clarity and focus. […]
Stop Complaining And Start Making Money
A friend of mine recently made a confession. He’s having a hard time with his trading. He just can’t figure out when to take profits. Sometimes he would have a nice profit, only to watch hopelessly as it slipped away. Other times he’d take small profits. Of course, the stock would skyrocket the second he […]
Paper Trading… Should You Do It?
Sometimes in life we do things that are a complete waste of time. I’m sure you’ve done some of these… Like washing your car, only to have it rain the following day… Or planting a garden early in the spring, only to see it wiped out by freezing temperatures the following week… Or even driving […]
Cold Hard Cash In This Chart?
I can easily find short-term trading opportunities with low risk and high relative reward. By putting money to work in these opportunities, money is moving to where it’s rewarded best… in stocks and ETFs about to make big moves. Why leave money in a stagnant stock or ETF that isn’t technically set to move higher? […]
Control Your Emotions For More Profitable Trades
Do you remember “ABC’s Wide World of Sports”? It was on for years. The program’s famous for showing triumphant moments in sports. It was probably better known for the catastrophic mishaps it recorded. Jim McKay, the host of the show, popularized the phrase “The thrill of victory and the agony of defeat”. Anyone playing competitive […]
Are You Frustrated With Your Trading?
This last weekend brought back some great memories. Do you remember the days of trick or treating when you were a kid? Roaming the streets on Halloween in some ridiculous costume. Of course, you thought it was the coolest thing ever. I loved dressing up as a “Ghost Buster”. Dork you say? Yeah, I know. […]
