Ready to Pounce

Ready to Pounce

So after the first and second week of November 2020, we got to see the first sample of how a market can very quickly change personalities. Not only did it grab my attention, but it was my first two consecutive weeks of very little profits. It’s a testament to the importance of never over positioning, … Read more

Three is a Magic Number

One of the most important signals driving today’s market is one you may not be familiar with. Most traders begin their technical trading with daily charts. Then they branch off into intraday or weekly, maybe even monthly charts. One that’s not so often discussed is a 3 day chart. 3 is a magic number for … Read more

When-to-Trade-VS-When-to-Hold

When to Trade VS When to Hold

Hey Market Pilots, Usually I am a pretty active trader, but recently there have been many names out there which have given me significant signs that I should hold on for longer. So when and how do we decide to go from trading a stock to holding a stock longer term? For trading, it’s mostly … Read more

The End of 2020

The End of 2020

2020 has certainly been a year for the history books in many aspects. We have had a worldwide pandemic that sent certain industries to a screeching halt and other sectors skyrocketing. The overall market has also had a rollercoaster of a year with a strong move down to long term support levels and then an … Read more

Case Against Dollar Bears

The Case Against Dollar Bears

It’s easy to be a dollar bear… the buying power of the dollar seems to fall every year. The government runs a continuous and growing deficit every year regardless of who’s in control, and the Fed facilitates the largess with zero interest rates and monetization of the debt.

Reflections on my 5 Million Week

Reflections on my $5 Million Week

It’s Saturday, August 22, 2020. I packed up my family on Friday and we headed to South Padre Island, a 5 ½ hour drive from Wimberley. Never mind there are twin hurricanes forming off the coast and are scheduled to hit in a few days. I needed to get away and process the past trading week.

Equipment Failure

Equipment Failure

Having my blog this week was very timely with ThinkorSwim breaking for not just Monday, but now Tuesday as well. Fingers crossed this doesn’t go for a third or more day. I am thankful that I was in cash for this and the Markets are basically not doing anything (except for TSLA). This made me think about our reliance on technology, and in this case, a single point of failure.