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Please Stop With The Nonsense

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 [...]

By |2016-11-26T07:10:52-05:00February 14th, 2013|

Stay Humble

"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 [...]

By |2016-11-26T07:10:53-05:00January 27th, 2013|Tags: , |

The Number One Challenge For Traders

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 [...]

By |2016-11-26T07:10:53-05:00January 19th, 2013|

Defending Jim Cramer

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 [...]

By |2016-11-26T07:10:53-05:00January 2nd, 2013|Tags: , |

Pay Attention to Price Action

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 [...]

By |2016-11-26T07:10:53-05:00January 2nd, 2013|Tags: , , , , , , , |

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 [...]

By |2016-11-26T07:10:53-05:00December 25th, 2012|

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 [...]

By |2016-11-26T07:10:53-05:00December 14th, 2012|

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 [...]

By |2016-11-26T07:10:53-05:00December 5th, 2012|

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 [...]

By |2016-11-26T07:10:53-05:00November 29th, 2012|Tags: |

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 [...]

By |2016-11-26T07:10:53-05:00November 25th, 2012|
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