You want to find that winning trade, so what do you do? If you are like many other traders out there… you wake up early to watch CNBC, check the news, hit the chat rooms… It’s not bad to keep abreast of those things… but what’s the plan… listen to others? Come on man… those … Read more
If you read my article last week… you now know all about the short squeeze. If you didn’t, you can check it out here. So why is it worth your time to learn about the squeeze? Well, getting caught on the wrong side of a short squeeze can be a “blow your whole account out” moment. … Read more
As someone with a small account, one of the most difficult obstacles to overcome is the Pattern Day Trader (PDT) Rule. It states that if your account is under $25,000, then you are limited to 3 round-trip day trades in a 5 day period. In other words, if you are trading a small account, and … Read more
What’s more important than your daily routine? Like the saying — breakfast is the most important meal of the day, true or not, a morning routine sets the tone for the day… You wake up hit snooze 5 times and roll out foggy, good luck with your trading… I wouldn’t want to be you on … Read more
There are several reasons why top traders outperform the competition. And one of those reasons – They Don’t Trade Alone For example, most hedge funds and prop trading firms encourage people to trade as part of a team. There are several benefits of team trading. Including: Several set of eyes on the entire market Support—helps … Read more
The most recent challenge has been a success… but who ever doubted me anyway? Here’s the beef on my challenge… despite reaching multi-millionaire status… I primarily trade stocks in a small account. I start with somewhere near $3,000 to $5,000… with the goal of flipping it several times over For example, in 2018, I had … Read more
We all know how crazy the month of October can be for the markets… And here we go again… two days in, and two days of big market losses right off the bat, starting the month off with a bang. Nobody can say this came as a surprise… it was more a matter of when … Read more
One of the easiest trades in the market is the breakout… It’s neither complicated to understand, nor hard to trade… However, it takes experience to get there. Without experience you are likely to get caught in a few too many fake-out breakouts… Or catch a great move only to hold on too long, by swinging … Read more
When I was in school, I was always told to buy and hold… it’s the classic long term investment strategy… Warren Buffett is one of the wealthiest men in the world and the billionaire all billionaire’s aspire to be. No question about it, Mr. Buffett knows how to invest in stocks, the man will go … Read more
With the quarter coming to a close in less than a week… I sit back, sip on coffee and reflect on my performance and how I plan to attack Q4. I take time investigating and searching for any glaring holes in my game… because I know in this business when you’re wrong—it costs money. That’s … Read more