Posts Tagged ‘Jesse Livermore’

• A Few Market Thoughts…
  Joe Fahmy, June 23rd, 2010 at 9:02 pm, Comments: 0

  1) My feeling is that trading this market over the next 3-6 weeks will be a total waste of time. 2) Stocks are forming bases right now, but they need more time to set up properly. PATIENCE is so important right now! 3) I wouldn't be surprised to see the market chop around through July. By [...]

• One Simple Answer: Patience
  Joe Fahmy, May 10th, 2010 at 10:48 pm, Comments: 0

  I received several emails asking me "what do we do now after Monday's big up day?" My answer is simple: Patience. Keep in mind Jesse Livermore's quote: "The successful investor is not invested in the market all the time. There are many times when you should be completely in cash. If you are unsure of [...]

• The Market Tends to Fool the Majority
  Joe Fahmy, March 22nd, 2010 at 8:45 pm, Comments: 0

  In my weekend blog post, I mentioned 3 possible scenarios: 1) The market could continue to be resilient and scream higher 2) The market could correct before heading higher or 3) We could possibly see an overall top. I thought we would see scenario #2. After my post, I received several emails in which everyone [...]

• Recommended Reading List
  Joe Fahmy, March 17th, 2010 at 5:05 pm, Comments: 0

  I posted this list back in October. I am re-posting it now because I constantly get asked questions about trading, the stock market, chart reading, etc. As Jesse Livermore said: "Trading is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or for the get-rich-quick adventurer." In other words, to [...]

• Valuable Investing Advice
  Joe Fahmy, February 1st, 2010 at 7:14 pm, Comments: 0

  I posted this advice on my blog last November. I am re-posting it with a few date changes because it applies to the current market: I am about to share one of the most valuable lessons I have ever learned about the stock market. I learned it from one of the best traders I know. [...]

• The American Dream
  Joe Fahmy, December 23rd, 2009 at 4:02 pm, Comments: 0

  "In 1923, seven men who had made it to the top of the financial success pyramid met together at the Edgewater Hotel in Chicago. Collectively, they controlled more wealth than the entire United States Treasury, and for years the media had held them up as examples of success. Who were they? Charles M. Schwab, president [...]

• Pump Up The Volume!
  Joe Fahmy, December 3rd, 2009 at 8:25 pm, Comments: 0

  Since the beginning of November, almost every trading day has occurred on below average volume. Why does this trouble me? Because it shows very little conviction from the big institutions. As a result, we've been stuck in this 3-month trading range between 2000-2200 on the NASDAQ Composite. There are a few possible scenarios from here: [...]

• Valuable Investing Advice
  Joe Fahmy, November 1st, 2009 at 9:12 pm, Comments: 0

  I am about to share one of the most valuable lessons I have ever learned about the stock market. I learned it from one of the best traders I know. Even if you already know this, it never hurts to hear it again because as Tony Robbins says "Repetition is the Mother of skill." Ready? Use [...]

• Market Notes (10/26/09)
  Joe Fahmy, October 26th, 2009 at 8:51 pm, Comments: 0

  I still recommend keeping a cautious stance until the market shows more signs of health. The NASDAQ was down on lighter volume Monday, but the NYSE Composite and S&P 500 sold off on heavier volume. Overall, the Big Caps continue to amaze and hold up well, however they could come under some pressure on Tuesday because [...]

• Confidence is Everything!
  Joe Fahmy, October 12th, 2009 at 10:15 pm, Comments: 0

  In my Recommended Reading List blog, I suggest “self-help” books because I believe confidence and a positive state of mind is extremely important if you want to become a successful trader…or a successful anything for that matter! You cannot convince a jury if you are not a confident lawyer, you cannot properly construct a building if you are not a confident [...]