Kunal Desai You’ve probably heard the saying “no man is an island.” Well, the same is true for stocks. The movement of a stock will often influence other stocks in the same sector. For example, if one of the big gold miners is running, other gold mining stocks will often run along with it. This is where …
One thing years of day trading has taught me is that going for home runs is a mistake. Does that mean you don’t get a home run occasionally? Of course you do! They pop up from time to time, but the traders who succeed in this game long term build their accounts and pay for their cars and …
One of the core aspects of my trading style is having a handful of go-to setups. These are strategies that meet a few key criteria: 1. They work consistently. Seems obvious, right? Well, not necessarily. There are setups I trade that have a lower probability of success, but can pay big returns when they do work. There’s …
On July 20th, I’m holding a FREE webinar on a very important topic: trading psychology. This is one of my favorite topics for the simple reason that it is vital for traders of every skill level. Whether you just placed your first trade or are a longtime market veteran, you need to have a mindset that’s …
There’s a lot to pay attention to when you are trading, particularly in the morning. Stocks from your watch list are popping, as are others that you didn’t even have on your list. You are also keeping an eye on the news, the market as a whole, what’s happening with your Twitter feed and in …
One of the biggest decisions you’ll make as a trader is where you will trade. If you make a poor initial choice, or outgrow your broker, you can certainly go elsewhere, but its usually a hassle. So finding a broker that fits your individual needs and circumstances is paramount. There is no one-size-fits all option, unfortunately. …