Every trader goes through winning streaks and periods of drawdown. No matter if you are trading with a million dollars or a thousand, every trader will go through both of these periods every trading year. Most losing traders struggle to be profitable not because of lack of winning trades. They lose because they let their …
Now that the election is over, the market can get back to business. Business before the election was an epic pullback off highs that made for a historic October to remember (or forget!). However, we are seeing some improvement. The market is bouncing off October lows and as of this morning, has taken out two …
Read moreHow To Swing Trade Post Election Results (Key Levels and Momo Stocks)
No one likes to admit they were wrong. Especially when you spent hours planning that trade, and you know that the company is undervalued. Inability to keep losing trades small is the most common trait of failed traders. Risk management is an essential component of a successful trader. It is even more important than having …
Read moreEssential Strategies For Keeping Losing Trades Small
October was a historically bad month. The S&P 500 index ETF “SPY” was down 7.5%, starting the month at $292 and ended at $270. Ouch! This type of market is rare, but when it happens you must have a “go to” game plan for how to trade during the move and prepare for next move. …
Read more10 Stocks That Crushed The Market During the October Blood Bath (Relative Strength!)
October has historically been a bad month for the stock market. What we are seeing this month is a bad month compared to recent years when we have had a non-stop bull market. But for momentum traders like us, times like this is when we make the most money. More volatility in the markets means …
The first half of 2018 was all about the FAANG stocks. That’s Facebook, Amazon, Apple, Netflix and Google. In fact, not only did they lead early in this year, they’ve lead for the last 5 years. If you’ve been in these stocks, you’ve been crushing the market. It didn’t matter which one you picked. For …
Read moreHow Do We Trade FANG Stocks If The Market Bounces (Amazon and Netflix Are In Play!)