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
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
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
Looking for the perfect gift is never easy. Knowing what to get your significant other, or that picky best friend who loves to trade, can be even harder. If you’re searching and scrambling to find some unique holiday gifts for a trader… look no further. We’ve got a complete list of cool gift ideas for … Read more
Hey Market Pilots, In trading we never know what the next trade will lead to because we simply don’t know the future. All we can do is take the setups we recognize and follow our rules. Last week I wrote about how the markets were shifting and setting up for perfect trading potential. This week, … Read more
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
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.