Dear Traders, The market continues to be volatile, but choppy, meaning volatile and directionless moves. Today, I had a very nice short on TSLA and then flipped the position on long and profited both ways. I then experienced a series of small losses on TQQQ, AMD,...
An often neglected or disregarded aspect of trading is the development of a proper “business plan”. Do not get this confused though with your daily trading plan (the “if-then” statements you develop each trading day) and what I will soon be describing as your trading...
Dear Traders,The market is experiencing another volatile day. It sold off heavily at the Open, but bounced back around lunch time. As I am writing these words, the market is almost flat, but who knows how it will end. I suffered a heavy loss trading a...
Dear Traders,What a crazy and volatile market to trade in. We have just learned that the US economy created 263,000 jobs in September. Not only that, but the unemployment rate also fell further, down to 3.5%, while expectations were for it to remain at 3.7%....
Dear Traders,Today is the day that weekly jobless claim numbers in the US are released. Analysts are expecting a reading of 204K, after last week's surprisingly strong 193K print. The weekly claims report is an important datapoint these days. After last week's strong numbers, stocks...
A large volume of professional literature has been published on the benefits of journaling, particularly in the fields of mental health and psychology. Not unlike the lockable diaries that children and adolescents in earlier times hid under their mattresses, journals are a way of recording...
Dear Traders,What a day to be alive! Elon Musk is making news these days over Tesla and Twitter. The figures that were released on the weekend regarding Tesla’s third quarter car sales missed analysts’ expectations, leading Tesla to sell off by over 10%. Elon Musk...
I recently released a video about one of my favourite leveraged ETFs: TQQQ, which seeks a return that is 3x the return of its underlying benchmark for a single day, and want to share some information with you about these attractive but potentially explosive products. To begin with,...
Dear Traders, First and foremost, my thoughts and prayers are with those who have been affected by Ian. Ian, now once again a hurricane, is threatening to carve a new path of destruction through South Carolina on Friday when it roars ashore north of Charleston.After a...
Dear Traders, President Ronald Reagan once said that the “nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” I do not think any investors these days are really in agreement with that sentiment. Financial markets are blowing...