There is a phenomenon going on that I've never seen in my 17 years of trading: EXTREME FEAR. What makes it so strange to me is that it exists with people who are both in the market AND out of the market. I'll give you two examples: EXAMPLE #1 - I speak to many potential investors. [...]
Here is an interview with fund manager J.C. Parets (@allstarcharts on Twitter and StockTwits). J.C. is a Chartered Market Technician with a great eye for charts. In addition, he looks at all the Global Markets, so he has a great feel for what is happening worldwide. Enjoy the video! Follow me on Twitter @jfahmy Follow [...]
This past week or so has been great for momentum traders. It's finally nice to see growth stocks breakout consistently and move higher. I have a friend that I talk to regularly who trades similar to me. We exchange ideas, talk about charts, etc. Here's a quick story with a HUGE lesson behind it. About [...]
I am a huge fan of studying success. Why? Because success leaves clues. In other words, if you are looking to be successful at something, study someone who has already been successful in that area, and LEARN FROM THEM. When it comes to trading, one of my biggest heroes is Paul Tudor Jones. Rather than giving [...]
When it comes to analyzing the market and deciding how much capital to commit, everyone has different strategies. For me, I learned many of the principles taught by Jesse Livermore and William O'Neil. Specifically, follow the price action of leading stocks and analyze the price and volume of the major market averages. For example, when [...]
Netflix, Inc. (ticker symbol: $NFLX) provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. I assume the title of this blog post gives away that I am bullish on the stock, so let's jump into the reasons [...]
In December 2012, the greatest Rock and Roll band of all time received the prestigious Kennedy Center Honors. The following video is the 22-minute ceremony honoring Led Zeppelin. Here are the highlights: 1) I agree with Jack Black when he describes Led Zeppelin as the "Best Band Ever." 2) The audience is filled with many [...]
About 3 months ago, a 22 year-old friend of a friend (we'll call him Mike) asked if he could sit down with me and pick my brain about stock trading. I agreed, and we met for an hour over a couple of beers. At the end, Mike said to me: "I asked to discuss trading [...]
I haven't written a blog post in a while, so here are a few thoughts going through my head right now: 1) I see so many angry bears out there. They argue EVERY DAY with such bitterness about the market grinding up. My advice to them is: "Don't focus on what you THINK the market [...]
"Every day I assume every position I have is wrong." --- Paul Tudor Jones When the market is strong, everyone is a genius. Since 4 out of 5 stocks move with the general direction of the market, pretty much any stock you pick will move higher during an uptrend. I have always said that "strong [...]