It is almost impossible to consistently make money from the stock market without technical analysis. I know there are traders that think they can trade off pure fundamentals. But making money from the stock market is the result of being able to time the markets. Fundamentals help bring conviction to trade, but they will rarely …
The ability to wait for the right setup. The best entries. The best exits. The right stocks. The right market environment. Developing your trading skills. All profitable day traders have this trait. Without exception. Patience will make or break your trading career. Timing is everything in trading. You will never get the timing down until you …
The market is down .6% today, which may not sound like a lot, but is the biggest down day the market has seen in quite some time. This makes the down move seem more significant. Case in point, only 26 of the 117 stocks on my “alpha watchlist” are green today, and many socks that …
Read moreThe Importance of Relative Strength in Weak Markets
The Stock Market is a strange place. You can review charts and prepare for the open for 8 hours, and lose money. You can also roll out of bed at 9:28 AM, open your brokerage platform, buy the first low float small-cap gapping up 50% and double your $2000 trading account in 5 minutes. Overcoming …
Sir Isaac Newton once said “what goes up must come down”. This is a classic third law of physics that we as traders must adhere to. That’s because every stock in the history of stocks that has gone up, eventually comes back down. It does not matter how great the company is, at some point …
Read moreHow To Swing Trade Beaten down IPO Stocks (Beyond Meat)
You may have heard the phrase “Trade the ticker, not the company.” As a momentum day trader, is it a phrase that I live by. Today we will talk about how I use company fundamentals in my trading, and how to emotionally detach from the companies you trade so you can make profitable trading decisions: …
Read moreTrade Tickers, Not Companies: 7 Commandments of Trading Day 3