Everyone Has A Different Strategy, Respect It!
Ready for a run-on sentence? I trade growth stocks, companies with strong fundamentals AND solid technicals, I trade them during healthy markets, I look for strength, new highs, breakouts, momentum, stocks that have ALREADY doubled, I don't look at PE, I don't watch S&P levels, I don't care about R1 and R2, but I'm a big fan of R2D2 and C-3PO, I don't use any indicators (RSI, MACD, Fibonacci, etc.), it's all price and volume, [...]
Have Conviction In Your Ideas!
The number one question people have asked me recently is: How do you deal with such a crazy, volatile market, especially knowing that at any minute a headline regarding the Fiscal Cliff could come out and lead to additional volatility? 1) The market is volatile period! If you can't stand the heat, get out of the kitchen. In other words, if you are such a nervous wreck, maybe trading isn't for you. 2) Stop watching [...]
5 Reasons I Like Salesforce.com
Salesforce.com provides cloud computing and customer relationship management (CRM) software applications to businesses worldwide. I assume the title of this blog post gives away that I am bullish on the stock (ticker symbol: $CRM), so let's jump into the reasons why: 1) Strong fundamentals. The company has achieved 30-40% year-over-year revenue growth in each quarter over the past 2 years. I am expecting strong earnings growth to continue as well. 2) Strong technicals. The Daily and [...]
Why Wait Until January 1?
Every January 1, my Twitter and Facebook streams are filled with the same quotes: "Good riddance 20xx...This is going to be my year...So glad that year is behind me...I'm gonna kick ass this year...etc...etc." You know what I think? It's all bullshit. So many people think some magical turn of the calendar is going to kick start their lives, but usually, nothing ever changes. In fact, studies show that 95% of New Year's Resolutions are broken [...]
Where Do We Go From Here?
Right after the Presidential election, the market went into a downward spiral. It was 7 straight trading days where the market couldn't even sustain an hour-long rally. Why did this happen? There are many reasons, but the main one seems to be concerns about the Fiscal Cliff. Last week, the market recovered nicely to bring us about 1.5% away from the November 6th close. The big question now is: Where do we go from here? [...]
Our Country’s Biggest Problem
I was very fortunate to get a ticket to the Second Presidential Debate on October 16, 2012. While waiting in line to get in, I started talking to 2 Hofstra University students (1 male, 1 female) who won tickets to the event through the student lottery. For 30 minutes, we were laughing our asses off! I felt like a stand-up comedian and the 2 students were in tears laughing during our conversation...until the most horrible [...]