Make Your Own Luck

You might think trading is just a game of chance and luck… but that’s not true… And while there is so much we can’t control like— a tweet from a politician, a remark from a central banker, or even, an attack on a Saudi oil field.   Reality is crazier than fiction...

Market Update: What to expect next

On Tuesday I wrote about the simplicity of support and resistance breakout points. I alluded to the SPY breaking above a key resistance level which it formed over the month of August… If you missed it, you can read it here… Today I want to take a minute to and...

Don’t Forget Your Homework

If you wake up just before the market opens and expect to make money that day… well, good luck to you… It may work sometimes and not others… but if you want to join the elite club of consistently profitable traders… then you need to get serious… …and you need a...

Simplicity of Support and Resistance Breakout Points

Support-and-resistance is one of the most widely used techniques in technical analysis – as it should be… It’s a simple technique with big value… You can see in the chart below that the SPY created a channel over the course of the last month, between...

How to be Mentally Tough

For whatever reason, we all go through swings in emotion from time to time. But if you let those emotions get in the way of your trading… you might as well just flush your money down the toilet… Because it won’t end well… Listen, sometimes it’s best not to trade at...

When to Buy a Bottom

As the market and all the confusion has taken a lot of stocks down with it… there are a lot of potential buys setting up. All stocks go through up and down cycles. While stocks can go to zero, most of them do not. The key is to know which down-trending stocks are...