I get many emails about stock trading. Although the questions cover a wide range of topics, I usually read the same theme in between the lines: Uncertainty, fear, lack of confidence, etc. I can sum them up in one word: Indecision. The number one challenge traders face is the ability to make decisions. When do I [...]
Oh boy! If the title of this blog post alone bothers you, then do me a favor and don't continue reading. If you're cool and open-minded, then please read on :) I don't know Jim Cramer. I've never met him, never spoken to him, but I have tremendous respect for the man. I was recently on [...]
Back on July 22, 2011, I was long 6 stocks. A sharp trader friend of mine looked at the 6 charts and said: "Those are REALLY good setups, if they fail, the market is screwed." Two trading days later, I got stopped out of the 6 stocks and went into 100% cash (I wrote a [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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! [...]
My good friend Brent Fitz is an amazing drummer. He's currently touring with Slash & Myles Kennedy. Before their recent performance in New York, we got together to catch up on his busy touring life. Frank Sidoris also joined us (who by the way is one of the best young guitar talents out there). Here [...]