All of us have struggled on our path to becoming a successful trader. How long you struggle, though, is really up to you. A few years ago, I had the worst trading losses of my career. At that point, I had been trading for two years, and though I knew how to trade, my P/L … Read more
Today, I went into the market with a bearish sentiment. Why? This is the last day of the year, and it’s hard to imagine major buy programs coming in with the market closing negative on the year. I wanted to play that with S&P futures, but my setup never really came through. Generally, when you … Read more
Danielle Shay discusses the continued stock market decline on Yahoo Finance, The Final Hour with Seana Smith, after the Plunge Protection Team was called in late Sunday evening. Will the comments by Treasury Secretary Mnuchin be a catalyst to bring the market higher? Danielle doesn’t think so, calling it a weak attempt to assuage investor … Read more
Automotive Heading Higher? Not Quite. Lately, there has been a lot of talk in the news about car companies, particularly GM and TSLA, as regular tweets send them into the limelight. Let’s look at the automotive industry, and airliners in this breakdown. Check out my full, televised breakdown from Tuesday, November 27th’s episode of Boom … Read more
When is Earnings Season? Earnings season comes around four times per year, and falls in the months of January, April, July and October. For the most part, the season is over about a month and a half after it starts. The meat of the reports are typically clustered together in about a 3 week period, … Read more
“Trying to do everything means you can do nothing.” – JC People always ask me which lessons our traders have given me that have made the most impact on my trading. Of course, setups are important. But even more importantly, it’s been the lesson that I must focus on a few setups that fit my … Read more
Identifying High Profit Opportunities During Earnings Season One of the most common comments that non-traders will make to me when I tell them that I am a trader is ‘that must be nice when the market is going up, but once it goes down I suspect you’ll be looking for different line of work.’ Of … Read more
Simpler Summary The last two weeks in the market, we have seen a lot more volatility than we’ve gotten in the past few months. The sell-off in the tech sector that began on November 29th, continued into Monday and Tuesday of this week. By Wednesday, the Technology Sector SPDR Fund (XLK) finally made a low … Read more
I am a conservative trader, and I focus on creating a constant stream of income for myself, doing this through the selection of trend-following, directional plays. While trading short term, directional options strategies is in and of itself aggressive, I do this with a more conservative take. I trade with a small account, and my … Read more
Simpler Summary This week, I think our Futures expert, Neil Yeager said it best. “Can anybody tell me about a week in recent memory where we’ve had this kind of craziness in a week?” At the end of this whirlwind week, I think it’s safe to say that we’ve gotten more volatility than what we … Read more