How to Analyze a Stock in 10 Minutes or Less
Around the world of would-be stock traders, one central question seems to be common:Which stock is about to go up?I’ve been teaching in the stock trading world now for almost nine years. Undoubtedly, when I meet someone, and they find out what I do, this is their first question. However, I always meet their question […]
Read More
Trader Drift: The Consequences and the Solution
There is a plague that permeates around a big group of traders. It mostly shows up with newer traders and traders who seem not to be able to turn the corner despite multiple efforts or attempts at it. This plague is known as TRADER DRIFT. What is Trader Drift? It is a state or feeling of […]
Read More
Supercharge Your Trades Selling Options
Opinions can be quite polarizing, particularly in the world of trading. When it comes to options, there are those who believe options should be traded and those who believe they should not. It’s just the way things are! For the most part, option traders are convinced options provide the best opportunity to make a large profit […]
Read More
The Good, the Bad, and the Ugly Truth about Options
Most active traders have heard fantastic tales of how such and such trader used stock options and made 300% or more in just two weeks. These stories are common among option traders. However, just as common are the stories about people who bought a stock option and lost everything. The result is a fairly divided set […]
Read More
3 Quick Ways to Simplify Your Trading
There is a trend with retail traders. See if you can relate.When they begin trading things are ultra-simplistic. They must be! After all, you are just getting started! The result is a lack of success. But would we expect any different? To think an ultra-simplistic beginner would achieve extraordinary results is like believing a baby […]
Read More
Why Are Candlestick Patterns so Black & White?
A while back, Jerome responded with a question to my post, “My Top 5 Favorite Candlestick Patterns”. He asked:So, if they are my favorites, why not paint them green & red? Jerome, this is a great question. It’s also a question I happen to get a lot, so I thought I would address it in a […]
Read More
How To Trade A Channel
What is a Channel?What is this mysterious thing that you sometimes hear about? Well here’s what happens, sometimes a stock gets stuck, and it’s moving sideways between support and resistance. Anytime you see that happening; when a stock gets stuck in what we call a trading range, moving between support and resistance, we call that […]
Read More
7 Essential Trading Tools You Must Have
Stock and Option trading is exploding with popularity. Whether you want to make a little extra cash on the side or work towards a full-fledged retirement from your day job, it is easier than ever to become a trader. Below are seven essential trading tools you need to get started!1. Start with Education.”An investment in […]
Read More
The Importance of Setting Stops
Let me share with you a story and ask if it sounds familiar.The Phone CallLiz called me devastated one afternoon. “I think I’ve blown it for good this time. I don’t know what I’m doing. I should just quit trading. I’m destined to be a surgery nurse for the rest of my life.” I asked her […]
Read More
How Do I Pick a Good Stock?
“How do I pick a good stock” is one of the biggest challenges facing beginning traders. It’s a bit of an innocent question, but it’s a revealing question as well! The question is revealing because it reflects the borderline hopelessness that so many traders feel. As a teacher, I’m always looking for the question within the […]
Read More